This Circular supplements Revenue Memorandum Circular (RMC) No. 86-2023 by recognizing the updated composition of securities from the PSE bi-annual index rebalancing, as transmitted by the SEC. The SEC, through its letter dated 29 January 2026 (Annex “B”) , informed the Bureau of Internal Revenue (BIR) of the official results of the PSE bi-annual rebalancing of the PSE Index (PSEi) and Dividend Yield Index which took effect on 02 February 2026, pursuant to Section 3 of SEC Memorandum Circular (MC) No. 7, Series of 2022, otherwise known as the Rules on Qualified and/r Eligible PERA Investments. In view thereof, and for the purposes of administering tax incentives under Republic Act No. 9505, otherwise known as “PERA Act of 2008”, and its Implementing Rules and Regulations, the following clarifications are hereby issued: Nothing in this Circular shall be construed as amending or revoking tax rules, but merely supplementing and clarifying the
In line with the Bureau of Internal Revenue’s (BIR) continuing efforts to modernize tax administation, enhance taxpayer services, and promote ease of doing business, this Circular is issued to announce the availability of the Taxpayer Portal and its pilot implementation covering taxpayers registered under the offices/divisions of the BIR’s Large Taxpayers Service (LTS). The Taxpayer Portal is secured digital platform that provides taxpayers with a single-view online access to their tax information. Through a centralized taxpayer profile, taxpayers can payments, and receive timely system-generated reminders for tax returns, track taxpayments, and receive timely system- generated reminders for tax return filing and payment obligations. With the said features the need for manual follow ups and in-person visits to BIR offices will be reduced. As part of the pilot implementation, taxpayers registered under the LTS may enroll in the Taxpayer Portal and use the following system functionalities: The pilot implementation of the
Prescribing Simplified and Streamlined Guidelines and Procedures in the Closure and/or Cancellation of Business Registration with the Bureau of Internal Revenue SECTION 1. Purpose. – Pursuant to Section 5(J) of Revenue Regulations No. 7-2024 and Revenue Memorandum Circular No. 91-2024, implementing Republic Act (RA ) No. 11976 standardize, and streamline the guidelines and procedures in the processing of applications for closure and/or cancellation of taxpayer’s business registration with the Bureau of Internal Revenue (BIR). SECTION 2. Coverage. – This Circular shall apply to all business taxpayers registered with the BIR, whether domestic or foreign, resident or non-resident, that have permanently ceased business operations or have otherwise become subject to closure or cancellation of business registration, including but not limited to the following persons: SECTION 3. Modes and Venue of Filing of Application for Closure and/or Cancellation of Business Registration. – The application for closure and/or cancellation of business registration, together
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:
Suspension of the per month of delay penalty for late and non-filing of reportorial requirements under SEC Memorandum Circular No. 06, Series of 2024 SECTION 1. SUSPENSION OF THE PER MONTH OF DELAY PENALTY. The imposition and enforcement of the per month of delay penalty prescribed under SEC Memorandum Circular No. 06, Series of 2024, for the late and non-filing of the Annual Financial Statements (AFS) and General Information Sheet (GIS) by all domestic and foreign corporate subject to the Commission’s jurisdiction is hereby suspended, until further order, on a prospective basis from the date of effectivity of this Circular. SECTION 2. COVERAGE AND UNIFORM APPLICATION This suspension applies uniformity to all domestic corporation (stock, non-stock, and one person corporations) and all stock and non-stock foreign corporations subject to MC 06-2024, without distinction as to capitalization, retained earnings, or the number of prior offenses. SECTION 3. PROSPECTIVE APPLICATION; NO RETROACTIVE
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
Live Webinar: SEC Corporate Process: Amendments, Capitalizations, Dividends etc.
Live Webinar: Acting as CTA ICPA (BIR LOA’s)
Live Webinar: Basic Accounting for Non-Accountant
BIR Tax Compliance Live Webinar (Retainership, Tax Consultation & Opinions)
Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
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Revenue Memorandum Circular No. 81-2026
Revenue Memorandum Circular No. 79-2026
Availment of a One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers
Revenue Memorandum Circular No. 71-2026
Revenue Regulations No. 004-2026
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