AUDIT ADVISORY 2026-03: 2026 FILING OF AFS AND GIS
The SEC has issued MC No. 9, Series of 2026, covering the 2026 filing of Annual Financial Statements (AFS) and General Information Sheet (GIS) . The Circular prescribes the deadlines, submission...
RR 1-2026 AMENDMENTS ON SECTIONS 3, 4 AND 7 OF RR 9-2025
BIR has issued Revenue Regulation (RR) No. 1-2026, which amends the provisions of Sections 3, 4 and 7 of RR No. 9-2025 to clarify manner of filing and payment of VAT...
RMC 10-2026 CLARIFICATION ON THE TAX IMPLICATIONS OF CASH DONATION
BIR has issued RMC No. 10-2026, which clarifies the tax treatment, documentation requirements, and filing and payment procedures for donor’s tax on donations made purely in cash. Key Highlights:
RMC 8-2026 & RMO 1-2026 – RESUMPTION OF TAX AUDITS AND UPDATED AUDIT GUIDELINES
BIR issued RMC No. 8-2026 to resume audit and related field operations following the completion of review of audit policies, procedures and internal control mechanisms. The resumption of tax audit and related...
UPDATE ON BENEFICIAL OWNERSHIP REPORTING
SEC has issued a Notice regarding the launch of the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR). Effective 30 January 2026, all Beneficial Ownership Declaration (BOD) pages will no...
RMC 06-2026 – EXTENSION OF DEADLINE FOR VAT FILING & PAYMENT BY NRDSPs
BIR issued RMC No. 006-2026, extending the deadline for the filing and payment of VAT by Nonresident Digital Service Providers (NRDSPs) due to technical issues with the VAT on Digital...
(RMC 05-2026) Letter of Authority (LOA) Verifier through REVIE
The BIR has issued RMC No. 05‑2026 announcing the launch of the Letter of Authority (LOA) Verifier feature in the BIR’s Chatbot REVIE. This initiative aims to enhance transparency and protect taxpayers from unauthorized...