PUBLISHED: December 2, 2022
BIR Large Taxpayers or commonly called LTP are always on the spotlight especially when it comes to the BIR’s new regulation, memorandum, and/or compliance. They are at the top of list of the bureau and are most of the time under the microscope. Just like the implementation of Electronic Invoicing System (EIS), the pilot execution concerns mostly the BIR Large Taxpayers and if the project runs successfully, only then it will be applied to all. But who are the BIR Large Taxpayers? How are they identified? And how would you know if you are considered one?
As defined by Revenue Regulations (RR No.1-98), a BIR Large Taxpayer is a taxpayer that has been classified in accordance with the regulation and has been notified by the commissioner of the bureau. The two requirements are needed in order to be considered as a BIR Large Taxpayer. Once a taxpayer has been informed by the BIR, he/she/they will remain classified as a large taxpayer until reclassified.
Here are the criteria for classification of the large taxpayers:
| Tax Payment | |
| VAT | Taxpayers with net VAT of at least Php 100,000 per quarter |
| Excise Tax | Taxpayers with excise tax of at least Php 1,000,000 per year |
| Income Tax | Taxpayers with income of at least Php 1,000,000 pero per year |
| Percentage Tax | Taxpayers with percentage tax of Php 100,000 per quarter |
| Withholding Tax | Taxpayers with withholding tax payment or remittance of at least Php 1,000,000 per year |
| Documentary Stamp Tax | Taxpayer with aggregate documentary stamp taxes of at least Php 1,000,000 per year |
| Financial Condition | |
| Gross Sales and Receipts | Taxpayers with total gross sales and receipts of Php 1,000,000 per year |
| Net Worth | Taxpayers with total net worth of at least Php 300,000,000 at the close of each calendar or fiscal year |
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