22/05/2026
๐ข BUSINESS OWNERS, TAKE NOTE!
The BIR has released ๐๐๐ ๐๐จ. ๐๐๐-๐๐๐๐, introducing a more simplified and streamlined process for business closure and cancellation of registration.
This means clearer guidelines on:
โ
Required documents
โ
Where to submit them
โ
When the closure process is officially considered complete
โ ๏ธ Important Reminder:
Stopping business operations does NOT automatically close your business with the BIR.
If your business remains registered, you may still be liable for:
โข Filing tax returns
โข Paying taxes
โข Penalties for non-compliance
๐ Required documents for business closure include:
โข BIR Form 1905
โข Unused invoices/receipts and inventory
โข BIR permits/notices
โข Authorization documents (if filed through a representative)
๐ก For qualified micro taxpayers, Tax Clearance may be issued within ๐ ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐ ๐๐๐ฒ๐ฌ upon complete submission, provided there are no open cases or outstanding liabilities.
If you have an inactive business, ceased operations, or are planning to formally close your registration, now is the best time to review your BIR compliance status.
๐ค Need assistance with business closure and BIR compliance?
Upturn Business Solutions can help you:
โ๏ธ Review your BIR records
โ๏ธ Prepare the required documents
โ๏ธ Coordinate the filing process
โ๏ธ Ensure your business closure is properly completed
Send us a message today to get started.