RMC No. 12-2023

RMC No. 12-2023 (issued January 27, 2023) announces that, starting January 23, 2023, taxpayers may apply online for registration information updates and other registration-related transactions through the Online Registration and Update System (ORUS). Available online features include updating registration information (availment of the 8% income tax return option, application for change in accounting period, registration/addition of tax incentive, and updates to contact type, contact person/authorized representative, and stockholders/members/partners); secondary registration (registration of PTU loose-leaf and of a computerized accounting system); and other online facilities (application for closure or de-registration of business and TIN cancellation). Taxpayers with existing ORUS accounts may simply log in, while those without accounts must enroll following the guidelines in RMC No. 122-2022.