Revenue Regulations No. 8-2024


Implementing Section 21(b) of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act”, on the Classification of Taxpayers SECTION 1. Scope – Pursuant to the provisions of Sections 244 and 24 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act”, these Regulations are hereby promulgated to implement Section 21(b) of the Tax Code on the classification of taxpayers. SECTION 2 Coverage and Classification of Taxpayers – Taxpayers shall be classified, and be covered by these Regulations, as follows: 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 and income any other deductions. Gross Sales

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Revenue Regulations No. 7-2024


Implementing Sections 113,235,236,268,242,243 of the National Internal Revenue Code of 1997, as Amended by Republic Act No 11976, otherwise known as the “Ease of Paying Taxes Act”, on the Registration Procedures and Invoicing Requirements Section 1. Scope. – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act”, these Regulations are hereby promulgated to Implement the amendments on Registration Procedures and Invoicing Requirements Tax provisions. Section 2. Definition of Terms, – Invoice may also be serve as a written admission or acknowledgement of the fact that money has been paid and received for the payment of goods or services. 2. Supplementary Document – is a written document, other than sales or commercial invoice, which serves as source of

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Revenue Regulations No. 6-2024


Implementing Section 45 of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act”, on Imposition of Reduced Interest and Penalty Rates for Micro and Small Taxpayers SECTION 1. Scope – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act”, these Regulations are hereby promulgated to implement Section 45 of the EOPT Act on the imposition of reduced interest and penalty rates for micro and small taxpayers. SECTION 2. Coverage – These Regulations shall cover micro and small taxpayers as classified under Section 21 (B) of the Tax Code, as amended by the EOPT Act, to wit: Section 3 Imposition of Civil Penalties – There shall be imposed, in addition to the tax required

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Revenue Regulations No. 5- 2024


Implementing Sections 76(C), 112(C), 112(D), 204(C), 229, and 269(J) of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes Act”, on Tax Refunds SECTION 1. Scope. – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act”, these Regulations are hereby promulgated to implement Section 112(C) of the Tax Code on the Risk-based approach in verifying VAT refund claims, Section 112(D) of the Tax Code on the liabilities in case of disallowance by the Commission on Audit (COA), Section 76(C) of the Tax Code on the refund of unutilized excess income tax credit in case of dissolution

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Revenue Regulations No. 4-2024


Implementing Sections 22,34,51(A)(2)(e), 51(B), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81 ,90, 103, 114, 128, 200 and 248 of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 11976, Otherwise Known as the “Ease of Paying Taxes Act”, on the Filing of Tax Returns and Payment of Taxes and Other Matters Affecting the Declaration of Taxable Income. SECTION 1. Scope – Pursuant to the provision of Sections 244, 245, of the National Internal Revenue Code of 1997 (Tax Code), as amended, in relation to Section 47 of Republic Act (RA) No. 11976, Otherwise Known as the “Ease of Paying Taxes Act” (EOPT), these Regulations are hereby promulgated to implement Sections 22, 34, 51(A)(2)(e), 51(D),56(A)(1), 58(A), 58(C), 58(E), 77,81,90, 91, 103, 114, 128, 200 and 248 of the Tax Code on: SECTION 2. Definition of Terms. – When used in these Revenue Regulations, the following terms shall

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Revenue Regulations No. 3-2024


Implementing the amendments Introduced by Republic Act No. 11976, Otherwise Known as the “Ease of Paying Taxes Act”, on the Relevant Provisions of Title IV – Value-Added Tax (VAT) and Title V – Percentage Tax of the National Internal Revenue Code of 1997, as amended (Tax Code) Amendments – The following words, phrases, or actions shall now be uniformly applied to the provisions affected under Revenue Regulations (RR) No. 16-2005 and its subsequent amendments: Specific Amendments to Sale or Exchange of Service Under Section 108 of the Tax Code. – Section 4.108-1, 4.108-4, and 4.108-6 of RR No. 16-2005, as amended, shall now be read as follows: “SEC. 4.108-1. VAT on the Sale of Services and Use or Lease of Properties. – Sale or exchange of services, as well as the use or lease of properties, as defined in Section 108(A) of the Tax Code shall be subject to VAT,

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Revenue Regulations No. 2-2024


Prescribing the Policies and Guidelines for the Publication of Revenue Issuances and Other Information Materials of the Bureau of Internal Revenue Pursuant to Section 245(i) of the National Internal Revenue Code of 1997, as amended by Republic Act. No. 11976, Otherwise Known as the “Ease of Paying Taxes Act”. SECTION 1. Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997 (Tax Code) as amended, in relation to Sections 40 and 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes Act”, these Regulations are hereby promulgated to implement Section 245(i) of the Tax Code, as amended by the said Act, which reads: “SEC 40. Section 245 of the National Internal Revenue Code of 1997, as amended is hereby amended to read as follows: “SEC. 245. Specific Provisions to be Contained in Rules and Regulations. – The rules

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7  New VAT Rules under Ease of Paying Taxes Act RA 11976 Philippines


With the end view to ease the burden and make it more comfortable for taxpayers to file and pay their taxes along with related reports, Republic Act No. 11976 otherwise known as Ease of Paying Taxes” in the Philippines has been signed into law last January 5, 2024 and made effective last January 22, 2024 or within 15 days from publication last January 7, 2024.

Under RA 11976 EOPT Ph”, the following are 7 new Philippines Value Added Tax (VAT) rules being implemented by the Bureau of Internal Revenue (BIR) that taxpayers should be aware of for better appreciation.

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Revenue Memorandum Circular No. 56-2024


Clarification on the Issuance of Electronic Certificate Authorizing Registration Relative to One-Time Transaction (ONETT) With the passage of the Republic Act No. 11976, known as the “Ease of Paying Taxes (EOPT) Act”, the filing of any tax return shall now be made electronically in any of the available electronic platforms [e.g., Electronic Filing and Payment System, eBIR Forms Facility, tax returns filing application/solutions of Authorized Taxpayers Service Providers (ATSPs)], while the payment of tax due thereon can either be made electronically or manually through any Authorized Agent Banks (AABs), Revenue Collection Officers (RCOs), regardless of where the taxpayer is registered. Thus, concerns on the processing and issuance of electronic Certificate Authorizing Registration (eCAR) pertaining to One-Time Transaction (ONETT) arose since under current policy, the payment of taxes related to ONETT is required to be made with AABs/RCOs under the jurisdiction of the Revenue District Office (RDO) responsible in the processing

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Revenue Memorandum Circular No. 55-2024


Extension of the Ninety-Day Period for the Actual Imposition of Withholding Tax on Gross Remittances Made by Electronic Market Place Operators and Digital Financial Services Providers to Sellers/Merchants Prescribed under Revenue Regulations No. 16-2023 The provisions of Revenue Memorandum Circular (RMC) No. 8-2024 allowed the electronic marketplace operators and digital financial services providers a transitory period of ninety (90) days from the date on its issue to comply with the relative policies or requirements of other government agencies, if any, and to give them an opportunity to adjust and properly comply with the provisions of Revenue Regulations (RR) No. 16-2023 prior to the actual imposition of the prescribed creditable withholding tax. In order to provide the said taxpayers a sufficient time to comply and adjust to the requirements of RR No. 16-2023 and other government agencies, if any, the prescribe transitory period is hereby extended to an additional ninety (90)

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