In relation with the "Ease of Paying Taxes Act", the bureau has issued Revenue Regulations (RR) No. 8-2024 implementing Section 21(b) of the Tax Code on the classification of taxpayers.
Section 2 of these regulations has stated the Coverage and Classification of Taxpayers as follows:
A. Micro Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is less than Three Million Pesos (P3,000,000.00).
B. Small Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is Three Millions Pesos (P3,000,000.00) to less than Twenty Million Pesos (P20,000,000.00).
C. Medium Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is Twenty Million Pesos (P20,000,000.00) to less than One Billion Pesos (P1,000,000,000.00).
D. Large Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is One Billion Pesos (P1,000,000,000.00) and above.
For purpose of classification of taxpayers, under these Regulations, gross sales shall refer to total sales revenue, net of VAT, if applicable, during the taxable year, without any other deductions.
Please refer .https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202024/RR%20No.%208-%202024.pdf of the full text of RR No. 8-2024.
