The Bureau of Internal Revenue issued Revenue Regulations No. 004-2026 for the One-Time Abatement of Taxes and/or Penalties for Micro-Taxpayers until December 31, 2026.
Micro taxpayer refers to a taxpayer whose gross sales for the year is less than Three Million Pesos (<P3,000,000.00) and shall only cover business income, excluding compensation earned under employer-employee relationships. The abatement covering total basic tax liabilities and/or penalties from violation of the NIRC of 1997, as amended, of not exceeding Eighty Thousand Pesos (P80,000.00) (excluding criminal violations that are already filed in Court unless allowed to avail by the Commissioner or his duly authorized representative on meritorious grounds) shall apply to:
Here is the process to avail the same:
The Regulation will be effective within 15 days from publication in the BIR website last June 22, 2026 or on July 7, 2026.
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