BIR CREATE Law: What You Need to Know
Republic Act (RA) No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises or BIR CREATE Law was created by the Philippine Congress as a fiscal relief to domestic and foreign corporations doing business in the country in following to the COVID-19 pandemic. BIR CREATE Law pursues to adjust several provisions in the former Tax Code, focusing on the lowering of corporate income tax rates and rationalizing fiscal incentives. This law is estimated to provide private enterprises up to more than 1 trillion pesos worth of tax relief in the coming 10 years.
BIR CREATE Law was signed by President Rodrigo Duterte on March 26, 2021 and took effect on April 11, 2021.
Corporate Income Tax (CIT) under BIR CREATE Law
| Deadline | Category | Description | BIR Form / Requirement | Affected Taxpayers |
|---|---|---|---|---|
| Jan 1, 2026 (Thu) | Submission | Consolidated return of all transactions based on reconciled stockbroker data (Dec 16–31, 2025) | Consolidated Return | Stockbrokers |
| Submission | Engagement letters and renewals/subsequent agreements for financial audit by independent CPAs (FY beginning Mar 1, 2026) | Engagement Letters / Audit Agreements | Corporations required to undergo audit | |
| Jan 5, 2026 (Mon) | Submission | Summary report of certifications issued by NHMFC – December 2025 | Summary Report | NHMFC |
| e-Filing & Payment | Monthly Documentary Stamp Tax return – December 2025 | BIR Form 2000 | Taxpayers subject to DST | |
| e-Filing & Payment | Documentary Stamp Tax return for one-time transactions – December 2025 | BIR Form 2000-OT | Taxpayers with one-time DST transactions | |
| Jan 8, 2026 (Thu) | Submission | Transcript Sheets of Official Register Books (ORBs) for December 2025 | Transcript Sheets of ORBs | Dealers/manufacturers/importers of excisable goods |
| e-Submission | Monthly e-Sales Report (TIN last digit: Even) – December 2025 | Monthly e-Sales Report | CRM/POS users (Even TIN) | |
| Jan 10, 2026 (Sat) | Submission | List of sugar buyers with advance VAT certificates – December 2025 | Buyer List + VAT Certificates | Sugar cooperatives |
| Submission | Information return on releases of refined sugar – December 2025 | Information Return | Sugar refineries/mills | |
| e-Submission | Monthly e-Sales Report (TIN last digit: Odd) – December 2025 | Monthly e-Sales Report | CRM/POS users (Odd TIN) | |
| e-Filing & Payment | Excise tax on metallic minerals – December 2025 | BIR Form 2200-M | Buyers of metallic minerals | |
| e-Filing & Payment | Excise tax on cosmetic procedures – December 2025 | BIR Form 2200-C + Summary | Clinics/hospitals | |
| e-Filing & Payment | VAT/Percentage Tax withheld with MAP – December 2025 | BIR Form 1600-VT / 1600-PT + MAP | Withholding agents (eFPS & Non-eFPS) | |
| e-Filing & Payment | Withholding tax on onerous transfer of real property – December 2025 | BIR Form 1606 | Property sellers/buyers | |
| e-Filing & e-Payment | VAT/Percentage Tax withheld – December 2025 | BIR Form 1600-VT / 1600-PT | National Government Agencies | |
| Jan 11, 2026 (Sun) | e-Filing | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Group E) |
| Jan 12, 2026 (Mon) | e-Filing | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Group D) |
| Jan 13, 2026 (Tue) | e-Filing | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Group C) |
| Jan 14, 2026 (Wed) | e-Filing | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Group B) |
| Jan 15, 2026 (Thu) | Registration | Registration of permanently bound loose-leaf books (CY 2025) | Books of Accounts (ORUS/Manual) | All registered taxpayers |
| Submission | Notarized income payee’s sworn declaration (CY 2026) | Sworn Declaration | Individual income payees | |
| Submission | Quarterly list of medical practitioners (Q4 2025) | Practitioner List | Hospitals/clinics | |
| Submission | Quarterly list of government contractors (Q4 2025) | Contractor List | LGUs | |
| e-Filing & Payment | Withholding tax on compensation – December 2025 | BIR Form 1601-C | Non-eFPS Filers | |
| e-Filing & Payment | Excise tax on mineral products (Q4 2025) | BIR Form 2200-M | Mineral product taxpayers | |
| e-Filing & Payment | Annual income tax return (FY ending Sept 30, 2025) | BIR Form 1702-RT / EX / MX | Corporations (Fiscal Year) | |
| e-Filing & Payment | Annual CGT return on shares not traded | BIR Form 1707-A | Corporate taxpayers | |
| e-Filing | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Group A) | |
| e-Filing & e-Payment | Withholding tax on compensation – December 2025 | BIR Form 1601-C | National Government Agencies | |
| Jan 16, 2026 (Fri) | Submission | Consolidated stockbroker transactions (Jan 1–15, 2026) | Consolidated Return | Stockbrokers |
| Jan 20, 2026 (Tue) | Submission | Quarterly report on OFW remittances exempt from DST (Q4 2025) | Quarterly Report | Banks & money transfer agents |
| Submission | Quarterly report of printers (Q4 2025) | Printer’s Quarterly Report | Accredited printers | |
| e-Filing & Payment | Percentage tax on winnings – December 2025 | BIR Form 1600-WP | Race track operators | |
| e-Payment | Withholding tax on compensation – December 2025 | BIR Form 1601-C | eFPS Filers (Groups A–E) | |
| Jan 25, 2026 (Sun) | Submission | Quarterly VAT SLSP (Q4 2025) | SLSP | VAT-registered (Non-eFPS) |
| Submission | Sworn statement on sales of excisable goods (Q4 2025) | Sworn Statement | Manufacturers/importers | |
| e-Filing & Payment | Quarterly VAT return (Q4 2025) | BIR Form 2550Q | VAT-registered taxpayers | |
| e-Filing & Payment | Quarterly percentage tax return (Q4 2025) | BIR Form 2551Q | Percentage tax taxpayers | |
| e-Filing & Payment | Quarterly VAT return for nonresident digital service providers | BIR Form 2550-DS | NRDSPs | |
| Jan 29, 2026 (Thu) | e-Filing & Payment | Quarterly income tax return with SAWT (Qtr ending Nov 30, 2025) | BIR Form 1702Q + SAWT | Corporations & partnerships |
| Jan 30, 2026 (Fri) | Submission | eAFS attachments (FY ending Sept 30, 2025) | eAFS | Corporations |
| Submission | Inventory list with sworn declaration (CY 2025) | Inventory List | All businesses | |
| e-Submission | Quarterly VAT SLSP (Q4 2025) | SLSP | VAT-registered (eFPS) | |
| Online Registration | Registration of computerized books (CY 2025) | ORUS Registration | Computerized taxpayers | |
| Jan 31, 2026 (Sat) | Distribution | Issuance of Certificate of Compensation (CY 2025) | BIR Form 2316 | Employers |
| Submission | Various annual sworn statements and information returns | Multiple Requirements | Various taxpayers | |
| e-Filing | Annual withholding information returns (CY 2025) | BIR Form 1604-C / 1604-F | Employers & withholding agents | |
| e-Filing & Payment | Quarterly withholding and final tax returns (Q4 2025) | BIR Forms 1601-EQ, 1601-FQ, 1602Q, 1603Q, 1621 | Withholding agents & banks |
Table from: Department of Finance
It is really hard for companies to thrive and survive during the pandemic and the efforts of the government has a significant impact to them, it is a relief to know and have such regulations to help them overcome these challenges. And with the ongoing digitalization, it is also vital to invest on business software to help manage the business seamlessly.
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