Implementing Executive Order No. 114, Series of 2026 “Temporarily Suspending the Excise Taxes on Specific Petroleum Products Pursuant to Section 148 of the Republic Act No. 8424 or the National Internal Revenue Code of 1997, As amended” SECTION 1. BACKGROUND. – Section 148 of the National Internal Revenue Code of 1997, as amended (NIRC), provides that the President may, upon recommendation of the Development Budget Coordination Committee (DBCC), in coordination with the Secretary of Energy, susm=pended the imposition of, or reduce the excise taxes on fuel when the average Dubai crude oil price based on Mean of Platts Singapore (MOPS) reaches or exceeds Eighty US Dollars (USD 80.00) per barrel for one (1) month immediately preceding the issuance of the suspension or reduction order. On April 16, 2026, President Ferdinand R. Marcos, Jr. issued Executive Order (EO) No. 114, Series of 2026 entitled “Temporarily Suspending the Excise Taxes on Specific
In view of the issuance of Executive Order (EO) No. 114, Series of 2026, entitled “Temporarily Suspending the Excise Taxes on Specific Petroleum Products Pursuant to Section 148 of Republic Act No. 8424, or the National Internal Revenue Code of 1997, as Amended,” this Circular is hereby issued for the information, guidance and observance of all internal revenue officials, employees, and others concerned. EO No. 114, series of 2026, issued pursuant to Republic Act (RA) No. 12316, implements the temporary suspension of the excise taxes imposed under said provision on specific petroleum products, subject to the conditions and limitations provided therein. Attached herewith as Annex “A” is a copy of the said EO. For ease of reference and insofar as relevant to the functions of the Bureau of Internal Revenue, the following provisions are hereby reproduced: “Section 1. Temporary Suspension of Excise Taxes on Specific Petroleum Products. The excise taxes
In view of the issuance of Executive Order No. 110, s. 2026, declaring a State of National Energy Emergency and Authorizing the Unified Package for Livelihoods, Industry, Food, and Transport, and in order to give taxpayers additional time to properly file their 2025 attachments without the imposition of penalties, particularly at a time when the effects of rising oil prices are being felt, this Circular is hereby issued to extend the deadline for such filing payment, and submission from April 15, 2026 to May 15, 2026 Taxpayers may file their returns through the Bureau of Internal Revenue (BIR) electronic filing platforms and pay the corresponding taxes due thereon electronically in any of the available electronic payment platforms and manually to the nearest Authorized Agent Banks, notwithstanding the covered jurisdiction of the Revenue District Office.
Guidelines in the Availment of the Fiscal Incentives Under Section 38 of Republic Act No. 12120, Otherwise Known as the “Philippine Natural Gas Industry Development Act” SECTION 1. SCOPE. – Pursuant to Section 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), and in accordance with the State’s policy to promote natural gas as a safe, efficient, and cost-effective energy source, those Regulations are hereby issued to provide guideline in the availment of the tax incentives provided under Section 38 of Republic Act (RA) No. 12120, otherwise known as the “Philippine Natural Gas Industry Development Act”. SECTION 2. DEFINITION OF TERMS – For purposes of these Regulation, the following terms shall be defined as follows: (a) Aggregation refers to the procurement of indigenous natural gas, combining it with imported Liquefied Natural Gas, and selling the aggregated gas to gas buyers in the Philippines or
In accordance with the implementing provision of Republic Act No. 11976 also known as “Ease of Paying Taxes (EOPT) Act” under Section 3 of Revenue Regulations (RR) No. 4-2024, this Circular is being issued to ensure an efficient and convenient process for the taxpaying public and reiterate the use of available Bureau of Internal Revenue (BIR) electronic platforms for the filing of Annual Income Tax Return (AITR) and the payment of corresponding taxes due thereon, for the Calendar Year ending December 31, 2025, on or before April 15, 2026. I. FILING OF TAX RETURNS Taxpayers are reminded of the existing procedures for the electronic filing of tax returns through the following BIR electronic filing platforms: 3. Tax Software Providers (TSPs) certified by BIR – for specific returns. For the list of TSPs and the certified BIR forms, please refer to Annex “A”. Taxpayers submitting their tax returns through the Offline
Guidelines on the compliances of One Person Corporation (OPCs) SECTION 1. INITIAL APPOINTMENT OF OFFICERS The OPC must appoint its Treasurer, Corporate Secretary, and other Officers, and thereafter submit a form for Appointment for OPC (FAO) to the Commission iwthin twenty (20) days from the approval of its Certificate of Incorporation Failure to comply with the initial appointment and timely submission of the FAO shall result in a one-time penalty of Ten Thousand Pesos (P10,000.00) SECTION 2. SUBSEQUENT APPOINTMENT OF OFFICERS In any instance that the single stockholder appoints an officer, the OPC must notify the Commission by filling the FAO within five (5) days from any succeeding appointment of its officers. Non-compliance in filing of the Form for Appointment for OPC shall observe the scale of penalties as follows: SECTION 3. SUBMISSION OF FINANCIAL STATEMENT (FS) A. GENERAL GUIDELINES ON THE SUBMISSION OF FS BY THE OPC. The submission
Amending Sections 3,4, and 7 of Revenue Regulations (RR) No. 9-2025 to Clarify Filing and Payment Rules for VAT on Local Sales, Provide Optional Value-Added Tax (VAT) Registration for Certain Registered Business Enterprises (RBEs), Extend the Deadline for System Reconfiguration, and Exclude Certain Enterprises and Activities from the Coverage of VAT on Local Sales of RBEs Under Section 295(D) of the National Internal Revenue Code of 1997 (Tax Code), as Amended by Section 18 of Republic Act (RA) No. 12066 Pursuant to the provisions of Sections 244 and 245 of the Tax Code as amended, in relation to Section 32 of RA No. 12066, these Regulations hereby promulgated to amend Sections 3, 4 and 7 of RR No. 9-2025 to clarify the manner of filing and payment of VAT on local sales, provide optional VAT registration for certain RBEs, exclude certain enterprises and business activities from the coverage of VAT
The Commission, hereby issues and prescribes the following guidelines on the filing of AFS and GIS for 2026: Section 1. Deadline of Submission. All corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, whose fiscal years end on 31 December, shall file their AFS through the SEC Electronic Filing and Submission Tool (eFAST). The deadline for filing of the AFS shall be on 29 May 2026. All corporations under the jurisdiction of the SEC Extension Offices shall be governed by the same schedule in 2026. Section 2. Corporations with Different Filing Schedule. The filing schedule prescribed in Section 1 hereof shall not apply to the following corporations: Section 3. Late Filings. Late filings or submissions after 29 May 2026 shall be subject to the applicable penalties. Section 4. Requirements in the Submission of AFS. The submission of AFS shall be accompanied by the following
SECTION 1. BACKGROUND This Circular is hereby issued to clarify the tax treatment of purely cash donations pursuant to Title III, Chapter II of the National Internal Revenue Code of 1997, as amended (Tax Code), and to reiterate the obligation of donors to file the required return and remit the corresponding taxes, if any, in accordance with existing revenue issuances. Further, this clarifies whether or not the issuance of an Electronic Certificate Authorizing Registration (eCAR) of purely cash donations is necessary. SECTION 2. COVERED TRANSACTIONS These rules shall apply to donations consisting purely cash made during the same calendar year, to natural or juridical persons, including organizations, foundations, and institutions. SECTION 3. CLARIFICATIONS SECTION 4. EFFECTIVITY This Circular shall take effect immediately upon publication in the BIR official website and shall remain in force until further amended.
Pursuant to the authority of the Commissioner of Internal Revenue under Section 4 of the National Internal Revenue Code of 1997, as amended (Tax Code), this Circular is hereby issued to resume audit and related field operations following the completion of review of audit policies, procedures, and internal control mechanisms. I. LIFTING OF THE AUDIT SUSPENSION The resumption of tax audit and related field operations shall cover but shall not be limited to the following activities: a. Issuance of Electronic Letters of Authorities (eLAs), Mission Orders (MOs), and Tax Verification Notices (TVNs);b. Continuation and completion of audit cases previously suspended pursuant to RMC No. 107-2025;c. Enforcement, verification, assessment, and collection activities requiring audit or field operations; andd. Other audit or enforcement activities necessary to protect revenue or enforce compliance. All tax audit and related field operations conducted upon the effectivity of this RMC shall comply with Revenue Memorandum Order No.
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