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 TRANSITION PERIOD FOR 2020 GIS FORM AND BOD PAGE FILING
SEC has extended the transitional use of the 2020 General Information Sheet (GIS) Form, including the Beneficial Ownership Declaration (BOD) Page, for filing through the eFAST system until July 31, 2026. This will allow...
(RR 4-2026) Guidelines for the One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers
BIR issued Revenue Regulation (RR) No. 4-2026 to provide qualified micro taxpayers with an opportunity to settle outstanding tax liabilities through a one-time abatement program. The regulation aims to help taxpayers resolve...
(RMC 59-2026) Further Clarifications on the Implementation of VAT on Digital Services
BIR has issued Revenue Memorandum Circular (RMC) No. 59-2026 to further clarify Revenue Regulation (RR) No. 3-2025 implementing Republic Act (RA) No. 12023, which imposes VAT on digital services. Below are the key clarifications...
(RMC 55-2026) Alphalist Submission Requirements for e-Marketplace Operators and DFSPs
BIR has issued Revenue Memorandum Circular (RMC) No. 55‑2026 dated May 26, 2026, which reminds all withholding agents, particularly Electronic Marketplace (e-marketplace) Operators and Digital Financial Services Providers (DFSPs), of their...
(RMC 53-2026) Availability of BIR Taxpayer Portal for Large Taxpayers
BIR has issued Revenue Memorandum Circular (RMC) No. 53‑2026 dated May 26, 2026, announcing the pilot implementation of a new Taxpayer Portal, initially available to taxpayers registered under the Large Taxpayers Service...
(RMC 39-2026) 2025 AITR – DEADLINE FOR SUBMISSION OF REQUIRED ATTACHMENTS
BIR has issued RMC No. 39-2026 to clarify and address numerous queries regarding the deadline for the submission of required attachments to the 2025 Annual Income Tax Returns (AITR). Accordingly,...
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...