26/05/2026
𝐏𝐂𝐂𝐈 𝐰𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐁𝐈𝐑’𝐬 𝐬𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬, 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐞𝐚𝐬𝐞 𝐨𝐟 𝐝𝐨𝐢𝐧𝐠 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐟𝐨𝐫 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞
The Philippine Chamber of Commerce and Industry welcomes the issuance of Revenue Memorandum Circular No. 47-2026 by the Bureau of Internal Revenue, which prescribes simplified and streamlined guidelines and procedures for the closure and/or cancellation of business registration with the BIR.
PCCI commended Commissioner Charlito Martin R. Mendoza and the BIR for this timely and business-responsive reform. The streamlined documentary requirements, the non-accrual of penalties for non-filing upon submission of complete closure requirements, and the faster release of tax clearances for qualified taxpayers under the Circular are significant steps toward reducing compliance burdens and improving the taxpayer experience.
“𝑷𝑪𝑪𝑰 𝒔𝒕𝒓𝒐𝒏𝒈𝒍𝒚 𝒔𝒖𝒑𝒑𝒐𝒓𝒕𝒔 𝒕𝒉𝒊𝒔 𝒊𝒏𝒊𝒕𝒊𝒂𝒕𝒊𝒗𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑩𝑰𝑹, 𝒂𝒔 𝒊𝒕 𝒅𝒊𝒓𝒆𝒄𝒕𝒍𝒚 𝒓𝒆𝒔𝒑𝒐𝒏𝒅𝒔 𝒕𝒐 𝒕𝒉𝒆 𝒏𝒆𝒆𝒅𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒕𝒚. 𝑨 𝒄𝒍𝒆𝒂𝒓, 𝒔𝒊𝒎𝒑𝒍𝒊𝒇𝒊𝒆𝒅, 𝒂𝒏𝒅 𝒕𝒊𝒎𝒆𝒍𝒚 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒇𝒐𝒓 𝒄𝒍𝒐𝒔𝒊𝒏𝒈 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒓𝒆𝒈𝒊𝒔𝒕𝒓𝒂𝒕𝒊𝒐𝒏 𝒈𝒊𝒗𝒆𝒔 𝒕𝒂𝒙𝒑𝒂𝒚𝒆𝒓𝒔 𝒂 𝒇𝒂𝒊𝒓 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒚 𝒕𝒐 𝒑𝒓𝒐𝒑𝒆𝒓𝒍𝒚 𝒔𝒆𝒕𝒕𝒍𝒆 𝒕𝒉𝒆𝒊𝒓 𝒓𝒆𝒄𝒐𝒓𝒅𝒔 𝒂𝒏𝒅 𝒎𝒐𝒗𝒆 𝒇𝒐𝒓𝒘𝒂𝒓𝒅 𝒘𝒊𝒕𝒉𝒐𝒖𝒕 𝒕𝒉𝒆 𝒖𝒏𝒏𝒆𝒄𝒆𝒔𝒔𝒂𝒓𝒚 𝒂𝒄𝒄𝒖𝒎𝒖𝒍𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒑𝒆𝒏𝒂𝒍𝒕𝒊𝒆𝒔,” PCCI President Perry A. Ferrer said.
This initiative complements the objectives of the Ease of Paying Taxes Act and reinforces the importance of supporting enterprises throughout the entire business life cycle—from business registration and operation to proper closure. For many enterprises, particularly micro and small businesses, a simplified closure process helps prevent the continued accumulation of penalties, unresolved open cases, and administrative difficulties that may affect future business activity.
“𝑻𝒉𝒊𝒔 𝒊𝒔 𝒂 𝒑𝒓𝒂𝒄𝒕𝒊𝒄𝒂𝒍 𝒂𝒏𝒅 𝒎𝒆𝒂𝒏𝒊𝒏𝒈𝒇𝒖𝒍 𝒓𝒆𝒇𝒐𝒓𝒎 𝒇𝒐𝒓 𝒕𝒂𝒙𝒑𝒂𝒚𝒆𝒓𝒔. 𝑩𝒚 𝒔𝒊𝒎𝒑𝒍𝒊𝒇𝒚𝒊𝒏𝒈 𝒕𝒉𝒆 𝒄𝒍𝒐𝒔𝒖𝒓𝒆 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒂𝒏𝒅 𝒑𝒓𝒆𝒗𝒆𝒏𝒕𝒊𝒏𝒈 𝒕𝒉𝒆 𝒇𝒖𝒓𝒕𝒉𝒆𝒓 𝒂𝒄𝒄𝒖𝒎𝒖𝒍𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒑𝒆𝒏𝒂𝒍𝒕𝒊𝒆𝒔 𝒖𝒑𝒐𝒏 𝒄𝒐𝒎𝒑𝒍𝒆𝒕𝒆 𝒔𝒖𝒃𝒎𝒊𝒔𝒔𝒊𝒐𝒏 𝒐𝒇 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒎𝒆𝒏𝒕𝒔, 𝒕𝒉𝒆 𝑩𝑰𝑹 𝒊𝒔 𝒉𝒆𝒍𝒑𝒊𝒏𝒈 𝒕𝒂𝒙𝒑𝒂𝒚𝒆𝒓𝒔 𝒓𝒆𝒈𝒖𝒍𝒂𝒓𝒊𝒛𝒆 𝒕𝒉𝒆𝒊𝒓 𝒓𝒆𝒄𝒐𝒓𝒅𝒔 𝒘𝒉𝒊𝒍𝒆 𝒆𝒏𝒄𝒐𝒖𝒓𝒂𝒈𝒊𝒏𝒈 𝒈𝒓𝒆𝒂𝒕𝒆𝒓 𝒗𝒐𝒍𝒖𝒏𝒕𝒂𝒓𝒚 𝒄𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆,” Mr. Alfredo M. Yao, PCCI Director for Taxation said.
PCCI also welcomed the provision that micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. This measure will help make the closure process faster, more predictable, and more accessible for taxpayers that have already ceased operations, while preserving the Bureau’s authority to determine any outstanding tax liabilities in accordance with the Circular.
“𝑾𝒆 𝒗𝒆𝒓𝒚 𝒎𝒖𝒄𝒉 𝒂𝒑𝒑𝒓𝒆𝒄𝒊𝒂𝒕𝒆 𝒕𝒉𝒊𝒔 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒔𝒐𝒎𝒆𝒕𝒉𝒊𝒏𝒈 𝑷𝑪𝑪𝑰 𝒉𝒂𝒔 𝒃𝒆𝒆𝒏 𝒘𝒐𝒓𝒌𝒊𝒏𝒈 𝒐𝒏 𝒇𝒐𝒓 𝒂 𝒍𝒐𝒏𝒈 𝒕𝒊𝒎𝒆, 𝒆𝒔𝒑𝒆𝒄𝒊𝒂𝒍𝒍𝒚 𝒊𝒏 𝒍𝒊𝒈𝒉𝒕 𝒐𝒇 𝒕𝒉𝒆 𝒄𝒐𝒖𝒏𝒕𝒍𝒆𝒔𝒔 𝒅𝒊𝒇𝒇𝒊𝒄𝒖𝒍𝒕𝒊𝒆𝒔 𝒇𝒂𝒄𝒆𝒅 𝒃𝒚 𝑴𝑺𝑴𝑬𝒔 𝒕𝒉𝒂𝒕 𝒘𝒆𝒓𝒆 𝒂𝒇𝒇𝒆𝒄𝒕𝒆𝒅 𝒅𝒖𝒓𝒊𝒏𝒈 𝒕𝒉𝒆 𝑪𝑶𝑽𝑰𝑫-19 𝒑𝒂𝒏𝒅𝒆𝒎𝒊𝒄 𝒂𝒏𝒅 𝒘𝒆𝒓𝒆 𝒏𝒐 𝒍𝒐𝒏𝒈𝒆𝒓 𝒂𝒃𝒍𝒆 𝒕𝒐 𝒔𝒖𝒔𝒕𝒂𝒊𝒏 𝒕𝒉𝒆𝒊𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔. 𝑻𝒉𝒊𝒔 𝒓𝒆𝒇𝒐𝒓𝒎 𝒊𝒔 𝒂 𝒃𝒊𝒈 𝒓𝒆𝒍𝒊𝒆𝒇 𝒇𝒐𝒓 𝒕𝒉𝒆𝒎.” Atty. Benedicta “Dick” Du-Baladad, PCCI Chairperson for Taxation, said.
PCCI looks forward to continuing its partnership with the BIR through the Partnership with Multi-Sectoral Group (PMSG) and other relevant platforms. We remain committed to supporting reforms that improve the taxpayer experience, strengthen voluntary compliance, and contribute to a more enabling business environment in the country.
