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Taxpayers Classification

Revenue Memorandum Circular No. 62-2024

2024-05-20T15:17:23+08:00

Pursuant to the provision of Republic Act No. 11976, otherwise known as "Ease of Paying Taxes (EOPT) Act", and pursuant to Revenue Regulations No. 8-2024, their annual gross sales from their business. In relation to the foregoing, this Circular is hereby issued to announce the availability of functionality for online Taxpayer Classification inquiry in the BIR's Online Registration and Update System (ORUS) through its "BIR Registered Business Search and Taxpayer Classification Inquiry" functionality. To view/inquire on the Taxpayer's Classification under the EOPT Act, taxpayer-applicants shall access ORUS through the ORUS homepage and follow the procedures below. In ORUS Homepage, select the [...]

Revenue Memorandum Circular No. 62-20242024-05-20T15:17:23+08:00

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
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