FeaturedSEC MC 13-2024 | ECIP
The SEC has introduced the Enhanced Compliance Incentive Plan (ECIP) as outlined in Memorandum Circular No. 13, Series of 2024. Following the success of the 2023 Amnesty Program, this plan...
FeaturedREGISTRATION OF PERSONS ENGAGED IN BUSINESS (RR No. 15-2024)
BIR has issued the RR No. 15-2024 to prescribe policies and guidelines in the mandatory registration of persons engaged in business, including brick-and-mortar stores and online trade or business pursuant...
FeaturedMC 10-2024 eSECURE
SEC MC No. 10-2024 pertaining to the eSECURE system being introduced to enhance the security and efficiency of online transactions with the SEC. eSECURE functions as a digital passport, granting...
EXTENSION OF FILING DEADLINE FOR 2025 ANNUAL FINANCIAL STATEMENTS
SEC has issued a Notice dated April 14, 2026 extending the deadline for the filing of 2025 Annual Financial Statements (AFS) for corporations with fiscal year ending December 31, 2025. This is...
RMO 6-2026 | Amendments, and Supplemental Guidelines to RMO 1-2026
BIR has issued RMO 6-2026, which provides amendments, supplemental procedures, and clarificatory guidelines for the implementation of RMO No. 1-2026. Key Highlights: EVENT FROM TO Deadline for filing written Requests for...
RMC 14-2026 | Clarifications on Audit Suspension and Implementation of Revised Audit Procedures
BIR has issued Revenue Memorandum Circular (RMC) No. 14‑2026 dated March 04, 2026, clarifying provisions of RMC No. 08‑2026 (lifting of suspension of tax audits), RMO No. 01‑2026, and RMO No. 06‑2026...
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...