RMC No. 3-2024

RMC No. 3-2024 (January 10, 2024) circularizes Republic Act No. 11976, the Ease of Paying Taxes (EOPT) Act, together with the Veto Message, both signed by President Ferdinand R. Marcos Jr. on January 5, 2024. It enumerates the NIRC sections amended by the EOPT Act (Sections 21 through 269, covering income tax, withholding, VAT, percentage tax, estate tax, documentary stamp tax, registration, invoicing, penalties and other matters), records the repeal of Section 34(K) of the NIRC of 1997, directs the BIR to develop an EOPT and digitalization roadmap prioritizing micro and small taxpayers, states that the Secretary of Finance must promulgate implementing rules and regulations within 90 calendar days from the Act's effectivity, and notes that the provision granting micro-enterprises exemption from the obligation to withhold taxes was vetoed by the President.