REVENUE MEMORANDUM CIRCULAR NO. 3 – 2024
Circularizes Republic Act (RA) No. 11976 [Ease of Paying Taxes (EOPT) Act], together with the Veto Message both signed by President Ferdinand R. Marcos Jr. on January 5, 2024.
The BIR shall develop an EOPT and digitalization roadmap that will provide for the programs and projects to be implemented to ensure ease of compliance of tax laws, rules and regulations, including but not limited to adoption of simplified tax returns, streamlining of tax processes, reduction of tax or documentary requirements, and digitalization of BIR services as provided under Section 40 of the Act; Provided, That in developing this roadmap, the BIR shall prioritize taxpayers who are considered as micro and small taxpayers for purposes of the Act, in terms of streamlining tax procedures and documentary requirements according to taxpayer size and capacity to comply; Provided, further, That the BIR shall ensure the accessibility of its various services to different taxpayers particularly micro and small taxpayers so as to improve tax compliance, and enhance taxpayer convenience.
Within ninety (90) calendar days from the effectivity of the Act, the Secretary of Finance, after due consultation with the BIR, and the private sector, shall promulgate the necessary rules and regulations for its effective implementation.
The provision of the EOPT Act granting micro-enterprises exemption from the obligation to withhold taxes was vetoed by the President.