How to Close Business and Cancel Registration in BIR (2026) | PAANO MAGPACLOSE NG BUSINESS SA BIR

Learn the step-by-step process on how to close a business in the BIR and effectively cancel your registration in 2026. We break down the newly simplified deregistration rules under the Ease of Paying Taxes (EOPT) Act (RMC No. 047-2026), which immediately stops penalty accumulation once your complete requirements are submitted. Watch the full guide to properly secure your tax clearance and permanently retire your business without worrying about open cases or penalties. BIR Business Closure. BIR Cancelation of Registration. ✅ Related Videos: BIR Form 1701MS -    • How to File Annual Income Tax Return (AITR...   BIR Form 1701Q -    • How to File Quarterly Income Tax Return 17...   BIR Form 2551Q -    • How to File Percentage Tax 2551Q using eBI...   Register Books of Accounts -    • How to Register Books of Accounts Online v...   ✅ Links: BIR Site: https://www.bir.gov.ph/ ORUS: https://orus.bir.gov.ph/ TRRA: https://web-services.bir.gov.ph/trrap... ✅ Time Stamps: 00:00 Intro 00:27 Who are Covered 01:11 The Required Documents 03:05 File All Returns Before Closing 03:46 Where to Submit Documents 04:32 Get your Tax Clearance 05:49 Outro ✅Disclaimer: This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to seek professional assistance or contact BIR for proper tax compliance.