NOTICE
To All Taxpayers Concerned:
Starting January 22, 2024, the Bureau of Internal Revenue (BIR) will no longer collect the Annual Registration Fee (ARF) from businesses. This change is in line with Republic Act No. 11976, also known as the “Ease of Paying Taxes Act.” As a result, businesses no longer need to file BIR Form No. 0605 or pay the Annual Registration Fee of Five Hundred Pesos (PHP 500.00) by January 31 every year.
If your business already has a BIR Certificate of Registration (COR) that includes the Registration Fee, it remains valid. However, you can update or replace your COR at your if you wish to do so but it is not mandatory. To do this, visit the Revenue District Office where you are registered and surrender your old COR before December 31, 2024.
Note: It is good to know that this is only an advisory and a memorandum is to be released by the BIR to further clarify the process. As a taxpayer, you have the option of continuing to pay the RF, updating your COR, or both.
If you have further questions regarding this matter such as refund, exemption, or open-case scenarios, it will be best to contact your RDO or an accountant.
For more information on Republic Act No. 11976, also known as the “Ease of Paying Taxes Act,” check this blog: New Law Aims to Make Tax Filing a Breeze
