Subsistence Livelihood Tax Exemption Rules

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BIR MEMORANDUM CIRCULAR NO. 4-98: Subsistence Livelihood Tax Exemption Rules

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Title Supreme Court: Subsistence Livelihood Tax Exemption Rules

Law: Bir Memorandum Circular No. 4-98

Decision Date: Jan 21, 1998

BIR Memorandum Circular No. 4-98 exempts individual taxpayers engaged in subsistence livelihood activities, with gross sales not exceeding P 100,000 annually, from paying value-added tax, percentage tax, and registration fees to promote equitable relief and enhance economic activity.

value

added tax

percentage tax

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