I. OBJECTIVE This Circular is hereby issued to amend the pertinent provision of Revenue Memorandum Circular (RMC) No. 74-2024 with respect to the processing offices authorized to accept and process the claims for credit/refund of taxes erroneously or illegaly received or collected or penalties imposed without authority pursuant to Section 204(C), in relation to Section 229 of the National Internal Revenue Code of 1997 (Tax Code), as amended, except those under the authority and jurisdiction of the Legal Group. II. AMENDMENT Section I (2) of RMC No. 74-2024 is hereby amended to read as follows: “I. GENERAL POLICIES 2. The taxpayer-claimant shall submit the “Application for Tax Credits/Refunds” (BIR Form No.1914) for claims under Section 204(C), relation to Section 229 of the Tax Code, as amended to the following processing offices: a. For tax credit/refund claims of Capital Gains Tax (CGT) on the sale of real property classified as capital
I. OBJECTIVE This Circular is hereby issued to provide clarification and updates on the processing of claims for tax credit certificate or cash refund (tax credit/refund) of excess or unutilized creditable withholding taxes (CWT) on income under Section 76(C), in relation toSections 204(C) and 229 of the National internal Revenue Code of 1997 (Tax Code), as amended, and Revenue Regulations No. 5-2024, and to prescribe the updated Checklist of Mandatory Requirements (Annexes) for the processing of said tax credit/refund. This does not cover requests for tax credits/refunds under the authority and jurisdiction of the Legal Group. II. AMENDMENT Section I of RMC No. 75-2024, as amended by RMC No. 14-2025 is hereby amended to read as follows: “I. GENERAL POLICIES
In view of the issuance of Executive Order (EO) No. 125, 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,” and in relation to Revenue Regulations No. 3-2026, this Circular is hereby ossued for the information, guidance, and observance of all internal revenue officials, employees, and other concerned. EO No. 125, Series of 2026, issued pursuant to Republic Act (RA) No. 12316, which amended Section 148 of the National Internal Revenue Code of 1997, as amended (Tax Code), implements the temporary suspension of the excise taxes imposed under said provision on specific pretroleum products, subject to the conditions and limitations provided therein. 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.
In relation to the requiremtn on the posting of the Bureau of Internal Revenue (BIR) Registration Seal Badge pursuant to Revenue Memorandum Circular No. 38-2026, This Circular is issued to reiteriate the compliance requirement under Section 5(H) of Revenue Regulations (RR) No. 7-2024 and Section 7 of RR No. 15-2024. Said Regulations require online sellers, online merchants, and persons engaged in the sale of goods or services through digital or electronic platforms, as well as those with online business presence, to post proof of BIR registration on their online websites, e-commerve or e-marketplace seller/merchant social media pages, and other digital platforms. In this regard, all online sellers, online merchants, digital platforms operators, and other covered taxpayers are reminded that the requirement to prominently display their BIR Registration Seal Badge (as proof of registration), shall have to be complied with immediately. In order to facilitate compliance and provide onlise sellers, online
I. PURPOSE This Circular is issued to prescibe the policies and guidelines on electronic invoicing (issuance of electronic invoice) pursuant to Sections 237 of the National Internal Revenue Code, as amended (Tax Code), as implemented by RR No. 8-2022 and RR No. 11-2025, as amended by RR No. 26-2025. II. DEFINITION OF TERMS For the purpose of this Circular, the following words and phrases shall have the meaning indicated below: III. COVERAGE This issuance shall apply for the following taxpayers: IV. POLICIES AND GUIDELINES All covered taxpayers shall adhere to this Circular and shall follow the policies and guidelines provided herein: While the electronic invoicing system/software of the taxpayer may be capable of electronically transmitting the copy of the invoice through email, apps, a printed copy of the electronic invoice shall be provided by the taxpayer-seller upon request by the buyer. Invoices created manually using office productivity applications, including but
Choosing a good location for your professional practice or business in one thing but ensuring beneficial the terms and conditions of your lease contract in the Philippines is another thing. A little effort checking the terms and conditions of the lease could save you some funds and headaches than immediately jumping on to affix your signatures on lessor’s pro-forma lease contracts/ agreements in Philippines. Unit owners and lessors have their lawyers or legal counsels on their contracts but that does not keep you from negotiating to protect your interest. Once executed, be mindful of the salient terms and conditions while enjoying the property so you could plan ahead nect steps without losing funds for penalties and extra payments, specially, when pre-terminating the lease contract in Philippines. Pointers are on this article for your easy reference.
Fort he information and guidance of all internal revenue officials, employees, and other concerned, attached herewith as Annex “A” is a copy of Energy Regulatory Commission (ERC)Resolution No. 26, seried of 2026, entitled “A Resolution Declaring the System Loss Charge as a Government-Mandated Pass-Through Cost Not Forming Part of the Gross Sales of Generation Companies, National Grid Corporation of the Philippines, and Distriburion Utitlities for Value-Added Tax Purposes and Ammending Pertinent Provisions of ERC Resolution No. 20, Series of 2005, and ERC Resolution No. 14, Series of 2022.” In its Resolution No. 26, Series of 2026, the ERC declared the allowable System Loss Charge, within the cap approved by the ERC pursusant to its rules and regulations, as a government-mandated pass-through cost that does not form part of the gross sales of Generation Companies (Gen Cos), the National Grid Corporation of the Philippines (NGCP), and Distribution Utilities (DUs) for Value-Added
This Circular is issued to provide clarification on Section III (1) (a) of Revenue Memorandum Circular (RMC) No. 37-2025 on the qualification of Export-Oriented Enterprises (EOEs) for VAT refund, specifically during the transitory period for securing a VAT zero-rating certificate from the Export Marketing Bureau of the Department of Trade and Industry, hereinafter referred to as the DTI-EMB. I. BACKGROUND On March 28, 2025, Department Administrative Order (DAO) No. 25-03 series of 2025 was issued by the DTI prescribing the guidelines on certification of EOEs under Republic Act (RA) No. 12006 (CREATE MORE Act.). Moreover on April 10, 2025, RMC No. 37-2025 was issued by the Bureau of Internal Revenue (BIR) prescribing the streamlined procedures and requirements for claims of VAT refund under Section 112 of the National Internal Revenue Code of 1997, as amended. Section III (1)(a) of RMC No. 37-2025 states that export-oriented enterprises that were passed on
I. OBJECTIVE This Circular is issued to: II. DEFINITION OF TERMS For purposes of clarity and uniform interpretation of this Circular, the following terms shall be defined as follows: For purposes of this Circular, proceeds from the sale of PERA investment products that are transferred to and retained in the contributor’s PERA custody account, whether under a third-party or self-custody arrangement shall not be considered an early withdrawal. A qualified or unqualified early withdrawal from a specific sub-account shall not, by itself, result in the closure, termination, or impairment of any other sub-account, nor shall it be construed as a wihdrawal from, or termination of, the entire PERA investment product category. III. IMPOSITION OF EARLY WITHDRAWAL PENALTY Pursuant to Section 10(C) of RR No. 17-2011, as amended an EWP shall be imposed on any unqualified early withdrawal of PERA assets. The EWP shall consist of the following: Only the Gross
This Circular is issued to clarify and provide guidance on whether the “Certificate of Compliance” issued by the Cooperatives and Social Enterprise Authority (CSEA) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) can be accepted for the issuance of Certificate of Tax Exemption (CTE) in lieu og the “Certificate of Good Standing” issued by the Cooperative Development Authority (CDA) as required under Revenue Memorandum Order (RMO) No. 76-2010, which prescribes the policies and guidelines in the issuance of CTE of cooperatives. Purpose of Certificate of Compliance The “Certificate of Good Standing” issued by the CDS is among the documents required to be attached to the letter-application for the issuance of a CTE in accordance with Section 13 of the Joint Rules. The same Section further states that no application for tax exemption shall be issued in the absence thereof. The “Certificate of Good Standing” issued by the CDA served
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