Bureau of Internal Revenue

Arcita 08:35 AM, Sep 08, 2022

September 8, 2022

Madam:

Greetings!

Thank you for your request dated Sep 07, 2022 02:42:19 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for List of Business Closure.

Response to Request

Application for Business Closure pursuant to Section 236 of the National Internal Revenue Code, any registered taxpayer shall, whenever applicable, update his registration information with the Revenue District Office (RDO) where he is registered, specifying therein any change in tax type and other taxpayer details (i.e. change in registered activities/line of industry, change in registered name/ trade name and change in accounting period).

Taxpayer applicant files BIR Form 1905, together with the attachments at the RDO where they are registered within ten (10) days from retirement of business at the RDO where the taxpayer is registered. 

The RDO verifies if taxpayer has open cases reflected in the Integrated Tax System (ITS). If YES, ask taxpayer to submit required returns and pay the corresponding tax due/s and penalties if any.

Documentary Requirements for submission: Letter of request stating reason for termination of business, Original Certificate of Registration (BIR Form 2303), Books of Accounts, Inventory List of Unused Receipts and Invoices, Unused Receipts and Invoices for cancellation, Board Resolution / Notice of Dissolution (if Corporation / Partnership). 

Additional Requirements in Case of Death of Individual Taxpayer, Death Certificate and Payment of Estate Tax, if any.

Kindly consult your RDO for assistance.

Thank you.

Respectfully yours,

FOI Officer
Public Information and Education Division