28/06/2024
For your Information!
Pursuant to the Ease of Paying Taxes (EOPT) and Revenue Regulations No. 8-2024, taxpayers now have the following classifications:
Micro Taxpayer - a taxpayer whose gross sales for a taxable year is less than Three Million Pesos (₱ 3,000,000.00).
Small Taxpayer - a taxpayer whose gross sales for a taxable year is Three Million Pesos (₱ 3,000,000.00) to less than Twenty Million Pesos (₱ 20,000,000.00).
Medium Taxpayer - a taxpayer whose gross sales for a taxable year is Twenty Million Pesos (₱ 20,000,000.00) to less than One Billion Pesos (₱ 1,000,000,000.00).
Large Taxpayer - a taxpayer whose gross sales for a taxable year is One Billion Pesos (₱ 1,000,000,000.00) and above.
For your guidance, please refer to Revenue Regulations No. 8-2024 which can be accessed through the following link: https://bit.ly/RR8-2024