The Bureau of Internal Revenue (BIR) will cease collecting the ₱500.00 Annual Registration Fee (ARF) from business taxpayer effective January 22, 2024, in compliance with Republic Act (RA) No. 11976 a.k.a. The Ease of Paying Taxes Act. As a result, business taxpayers are exempt from filling BIR Form No. 0605 and paying the ₱500.00) ARF on or before January 31 every year.
Guidelines and Procedures within the Bureau of Internal Revenue (BIR):
Business taxpayer with existing BIR Certificate of Registration (COR) that includes the Registration Fee will retain its validity;
These taxpayers may choose to update / replace their COR at their convenience; and
Where they are registered on or before Dec 31, 2024, by surrendering their old COR.
