Special InTAX: January 2024 Issue 1 | Volume 2

Bureau of Internal Revenue

The Bureau of Internal Revenue (BIR) issued an Advisory dated 08 January 2024 advising that effective 22 January 2024, the BIR will cease collecting the Annual Registration Fee (ARF) from business taxpayers pursuant to Republic Act No. 11976 or the Ease of Paying Taxes Act.

Pertinent provisions are as follows:

• Business taxpayers are now exempt from filing BIR Form No. 0605 and paying the PHP500.00 ARF on or before 31 January every year. 
• Business taxpayers with existing BIR Certificate of Registration (COR) that includes the Registration Fee will retain its validity.
  
• Taxpayers may choose to update / replace their COR at their convenience by surrendering their old COR at the Revenue District Office where they are registered on or before 31 December 2024. 

Here is the link to the full text of the issuance: Advisory 2024-01-08 Cease Collection of Annual Registration Fee.