As part of ease of doing business in the community, the Bureau of Internal Revenue (BIR) has issued an advisory on January 8, 2024 that the Business Taxpayers is no longer required to pay the Annual Registration Fee (ARF) of Five Hundred Pesos (PHP500.00) effective January 22, 2024 in compliance with Republic Act No. 11976, the "Ease of Paying Taxes Act." With this, business taxpayers are exempt from filing BIR Form No. 0605 and paying the Five Hundred Pesos (PHP500.00) ARF on or before January 31 every year or annually.
Besides, Business taxpayers with existing BIR Certificate of Registration (COR) that includes Registration Fee will retain its validity. These taxpayers may choose to update / replace their COR at the BIR Revenue District Office where they are registered on or before December 31, 2024, by surrendering their old COR.
Please refer https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Advisories/Advisory_ARF.pdf of the full text of the Advisory from BIR.
