Tax Alert No. 2 [BIR Advisory dated 8 January 2024]

Cessation of collection of the Annual Registration Fee

Please be informed that the BIR issued an Advisory that effective 22 January 2024, it shall cease the collection of the Annual Registration Fee (ARF) from business taxpayers in compliance with Republic Act No. 11976, or the “Ease of Paying Taxes Act”. With this, business taxpayers are now exempt from filing BIR Form No. 0605 as well as the payment of the Five Hundred Pesos (PHP 500.00) ARF on or before 31 January of every year.

In addition, business taxpayers with an existing BIR Certificate of Registration (COR) that includes the registration fee will retain its validity. These taxpayers may choose to update/replace their COR until 31 December 2024 by surrendering their old COR at the Revenue District Office where they are registered.

You may access a copy of the Advisory through the BIR website.

For any inquiry or request for assistance, please feel free to contact anyone from our Tax Services group. You may also reach us through this link.