RMC No. 113-2024: Announcing the availability of update of taxpayer classification, and resumption of business registration and other registration-related transactions in the Online Registration and Update System

Summary

RMC No. 113-2024 announces that updating of taxpayer classification is available in the Online Registration and Update System (ORUS), and that business registration and other registration-related transactions have resumed there.

Key points

1. Dates. The Application for Update of Taxpayer Classification is available through the Update Information functionality starting October 1, 2024. Business registration and other registration-related transactions resume starting October 10, 2024.
2. Classes under RA No. 11976. Under the EOPT Act, Micro is gross sales below Php 3,000,000.00. Small is Php 3,000,000.00 to below Php 20,000,000.00. Medium is Php 20,000,000.00 to below Php 1,000,000,000.00. Large is Php 1,000,000,000.00 or more.
3. Updating classification. Taxpayers access ORUS at https://orus.bir.gov.ph/home and follow the procedures in the Circular.
4. Transactions now in ORUS. These are registration of business with eCOR and ATP issuance and e-Payment of Loose DST, registration of a new branch, and application for Authority to Print (Subsequent).
5. Accounts. Taxpayers with an ORUS account log in to use these. Those without one enroll under the guidelines of RMC No. 122-2022.

Who is affected

• Taxpayers using ORUS for business registration and classification updates

Deadlines and effectivity

• Classification update available starting October 1, 2024
• Registration transactions resume starting October 10, 2024

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.