This Circular is issued to prescibe the extension of filing of the 2025 Audited Financial Statements (AFS) and Other Attachments, and guidelines to ensure uniform handling by all concerned offices of the issues encountered by taxpayers in the submission of AFS and other attachments through the Electronic Audited Financial Statements (eAFS)/ Submission Facility during the recently concluded Annual Income Tax Return filing period:
This Circular is issued to clarify the requirement of the submission of the Certificate of Entitlement to Tax Incentives (CETI) as a mandatory attachment to the Annual Income Tax Return (AITR) of Registered Business Enterprise (RBE) taxpayers. It is hereby clarified that Revenue Memorandum Circular (RMC) No. 20-2026 did not amend nor repeal existing requirements relating to the submission of the CETI by RBE taxpayers. The list of attachments to the AITR indicated in RMC No. 20-2026 is similar to those prescribed under the following prior issuances: (1) RMC No. 34-2025; (2) RMC No. 51-2024; and (3) RMC No. 44-2023. All of the above issuances were issued in reference to and consistent with the provisions under RMC No. 28-2022, which governs the submission of CETI in support of the availment of Income Tax incentives. Pursuant to the provisions of Section 4 under Rule 8 of the Implementing Rules and Regulations
Pursuant to Section 236 of the National Internal Revenue Code of 1997, as amended (Tax Code) and its Implementing Rules and Regulations under Section 5 of Revenue Regulations (RR) No. 7-2026 and Section 5 of RR No. 15-2024, every person subject to any internal revenue tax is required to register with the Revenue District Office of the Bureau of Internal Revenue on or before the commencement of business, before payment of any tax due, or before or upon filing of any applicable tax return, statement or declaration as mandated by the Tax Code. Moreover, Section 5(F) of RR No. 7-2024 provides for the issuance of Certificate of Registration (COR) or Electronic Certificate of Registration (eCOR) to each Head Office, Branch and Facility within the period of/time prescribed in the BIR Citizen’s Charter, upon submission of complete documentary requirements. Section 5(G) of RR No. 7-2024 and Section 6 of RR No.
In view of the availability of BIR Form No. 1701-MS (Annual Income Tax Return for Individuals Classified as Micro and Small Taxpayers) in the Offline eBIRForms Package 7.9.6, pertinent provisions of Revenue Memorandum Circular No. 20-2026 dated March 16, 2026 is hereby amended to read as follows: IV. GUIDELINES IN THE FILING OF BIR FORM NOS. 1701-MS, 1701 AND 1701A In response to the inquiries raised by micro and small taxpayers regarding the filing of their AITRs, following guidelines are hereby issued to clarify the applicable procedures and provide guidelines are hereby issued to clarify the applicable procedures and provide guidance in the filing of BIR Form Nos. 1701-MS, 1701, and 1701A. All internal revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible.
This Circular is issued to announce the availability of the Offline eBIRForms Package Ver. 7.9.6.0, which can be downloaded form the BIR Website. The Updated Offline eBIRForms Package v7.9.6.0 contains the following enhancements: 3. Increase in character field length of Taxpayer Identification Number (TIN) Branch Code, from three (3) digits to five (5) digits branch code in all tax returns. 4. Updated tax rates, from 15% to 20%, in Schedule 1 for Foreign Currency Deposit based on the reutrn period being filed in BIR Form No. 1602Qv2018. 5. Bug fixes for the following BIR Forms: 0619E, 1601FQ, 1604F, 1702Qv2018C, 1702EXv2018, 1702MXv2018C, 1707v2021, 2000-OT and 2551Qv2018. All internal revenue officials, employees, and others concerned are hereby enjoyed to give this Circular as wide a publicity as possible.
In accordance with Memorandum Circular No. 114 dated March 6, 2026 of the Office of the President, directing all government agencies and instrumentalities to strictly adopt energy conservation protocols, Revenue Memorandum Order (RMO) No. 007-2026 was issued, providing the guidelines for the implementation thereof. Relative thereto, this Circular is being issued in order to clarify the deadline of filing of Request for Reconsideration of the Partial or Full Denial Claims for VAT/Excise Tax Refund within the National Office, pursuant to Revenue Regulations (RR) No. 8-2025 and Request for reconsideration of the Final Decision on Disputed Assessment (FDDA) pursuant to RR No. 12-99, as amended. For Request for Reconsideration of the Partial or Full Denial of Claim for VAT/Excise Tax Refund within the National Office or Request for Reconsideration of the FDDA, with due date falling on a friday, the deadline of filing thereof shall be moved to the next business
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
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