New rules make closing business easier – BIR

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has issued new guidelines simplifying the closure of businesses and cancellation of tax registrations, including faster tax clearance releases and the prevention of further penalty buildup. Under Revenue Memorandum Circular No. 047-2026, the BIR said the new guidelines form part of its “Ease of Closing Business” reform […]... Keep on reading: New rules make closing business easier – BIR

Original source: Philippine Daily Inquirer