RMC No. 47-2026 Digest

RMC No. 47-2026 (issued May 19, 2026) prescribes simplified guidelines for the closure and/or cancellation of BIR business registration. Business taxpayers that have permanently ceased operations must file BIR Form No. 1905 with the listed documents at the RDO where their head or branch office is registered — electronically (official email, TRRA Portal, or ORUS) or manually, with Items c and d (unused invoices/inventory and original BIR notices/permits) submitted manually. They must also file final or short-period returns (or zero returns for no-activity periods) for all applicable tax types and pay taxes due. Registration is cancelled upon mere submission of complete requirements; penalties for non-filing stop accruing and form types are placed under "deregistered". Micro taxpayers (gross sales not exceeding ₱3,000,000.00 or gross assets upon retirement not exceeding ₱8,000,000.00) receive a Tax Clearance within 3 working days and are not subject to mandatory audit; taxpayers with pending audits under an existing Letter of Authority, or above those thresholds, get clearance only after audit termination. Taxpayers who cease operations without completing closure remain liable for their tax obligations.