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Ease of Paying Taxes Act

Revenue Regulations No. 8-2024

2024-04-18T19:58:36+08:00

The Revenue Regulations implements Section 21(b) of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the classification of taxpayers. Taxpayers shall be classified, and be covered by these Regulations, as follows: Micro Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is less than Three Million Pesos (P3,000,000.00) Small Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is Three Million Pesos (P3,000,000.00) to less than Twenty Million Pesos (P20,000,000.00). Medium Taxpayer - shall refer to a taxpayer whose gross sales [...]

Revenue Regulations No. 8-20242024-04-18T19:58:36+08:00

Revenue Regulations No. 6-2024

2024-04-18T14:16:20+08:00

This Revenue Regulation implements Section 4 of Republic Act (RA) No. 11976 (Ease of Paying Taxes Act), on the imposition of reduced interest and penalty rates for micro and small taxpayers. There shall be imposed, in addition to the tax required to be paid, a penalty equivalent to ten percent (10%) of the amount due, in the following cases: A. Failure to file any return and pay the tax due thereon as required under the provisions of the Tax Code or rules and regulations on the date prescribed. Provided that no penalty shall be imposed to an amendment of a tax [...]

Revenue Regulations No. 6-20242024-04-18T14:16:20+08:00
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