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.
This Circular is hereby issued to extend the deadline for filing of tax returns and payment of corresponding Value-Added Tax (VAT) by Nonresident Digital Service Providers (NRDSPs) on January 25, 2026 due to technical issues encountered in using VAT on Digital Services (VDS) portal. Accordingly, the deadline for filing of VAT returns and payment of corresponding VAT due on January 25, 2026 affecting NRDSPs is hereby extended until January 30, 2026. All internal revenue officers and employees are hereby enjoined to follow, observe and give this Revenue Memorandum Circular as wide publicity as possible. The Circular shall take effect immediately.
This Circular is issued to reiteriate, ans clarify existing policies on the registration of Permanently Bound Loose-Leaf Books of Accounts and Computerized Books of Accounts, and to announce the extension of registration deadlines due to intermittent technical issues affecting the ORUS. I. Mandatory Registration Through ORUS Pursuant to Revenue Memorandum Circular No. 3-2023, and considering that ORUS has been fully implemented nationwide since 2023, the registration of Permanently Bound Loose-Leaf Books of Accounts and Computerized Books of Accounts shall be strictly and mandatorily completed online through ORUS within the prescribed deadlines, unless an extension is granted by the Commissioner of Internal Revenue is duly authorized representative, upon representative, upon request of the taxpayer filed before the lapse of the original period. After successful registration via ORUS, a QR Code stamp shall be generated, which can be validated online. II. Manual Registration; Exceptional Cases In cases of system downtime or technical
Further amending the “De Minimis” Benefits Provisions of Revenue Regulations (RR) No. 2-98 as Amended, Increasing the Ceiling of Non-Taxable Benefits Pursuant to Sections 4 and 244 in relation to Section 33 of the Tax Code of 1997, these regulations are hereby promulgated to further amend RR No. 2-98, as amended by RR No. 004-2025, with respect to “De Minimis” benefits which are exempt from income tax on compensation as well as from fringe benefit tax. Section 1. Section 2.78.1 of RR No. 2-98, as amended by RR No. 004-2025, is hereby further amend to read as follows: “Section 2.78.1. Withholding of Income Tax on Compensation Income (A) Compensation Income Defined. (3) Facilities and privileges of relatively small value Section 2. REPEALING CLAUSE – All existing rules and regulations and other issuances or parts thereof which are inconsistent with the provisions of these Regulations are hereby amended, modifies or repealed
Implementing the Enhanced Version of the Electronic Documentary Stamp Tax System SECTION 1. SCOPE – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997 as amended, these Regulations are hereby promulgated to implement the enhanced version of Electronic Documentary Stamp Tax (eDST) System of the Bureau of Internal Revenue (BIR). SECTION 2. COVERAGE – All taxpayers whether individual or non-individual, falling under the following industries are mandated to use the enhanced version of the eDST system for the affixture of the prescribe documentary stamp on their taxable documents: SECTION 3. REQUIREMENT OF ONLINE ENROLLMENT ON THE USE OF eDST SYSTEM. – All taxpayers mandated to use the enhanced version of the eDST System shall enroll online through the website of the BIR. Considering that the said system has two (2) modules, the Deposit Module and Non-Deposit Module, the taxpayer can no
SECTION 1. SCOPE – Pursuant to Sections 244-245 of the National Internal Revenue Code of 1997, as amended, these Regulations are hereby promulgated to amend Section 8 of Revenue Regulations (RR) No. 25-2003 modifying the allowable depreciation rate for vehicle transfers from tax-exempt persons/entities to non-tax-exempt buyers in order to ensure equitable tax computation and alignment with market-based valuation. SECTION 2. AMENDMENT – Section 8 of RR No. 25-2003 is hereby amended to read as follows: ” SEC. 8. TAX TREATMENT ON SUBSEQUENT SALE, TRANSFER OR EXCHANGE OF TAX-EXEMPT AUTOMOBILE BY A TAX-EXEMPT PERSON/ENTITY TO A NON-EXEMPT PERSON/ENTITY. -In case where a tax-exempt person/entity acquired an automobile, whether locally purchased or imported, without payment of the tax by reason of his/their exemption, the purchase thereof by a non-exempt person/entity shall be subjected to the ad valorem tax based on, whichever is higher of, (i) the actual consideration between the tax-exempt
SECTION 1. Scope – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 12 and 13 of Republic Act (RA) No. 12066, these Regulations are hereby promulgated to amend the transitory provisions of Revenue Regulations (RR) No. 11-2025 and extend the period by covered taxpayers to comply with the issuance of electronic invoice, in consideration of the operational adjustments required of taxpayers, including system reconfiguration and transition to electronic invoicing. SECTION 2. Amendments of Extension of Compliance Period. – Section 14 – Transitory Provisions of RR No. 11-2025 is hereby amended to read as follows: “SECTION 6. Transitory Provisions – The following taxpayers shall have until December 31, 2026 to comply with the electronic invoicing requirements (issuance of electronic invoices) prescribed in these Regulations: SECTION 3. Subsequent Amendments on the Extension of Period to
SECTION 1 BACKGROUND Section 160 of the National Internal Revenue Code (NIRC) of 1997, as amended, requires that importers and manufacturers of articles subject to excise tax shall post a bond for years succeeding the initial period of operation, based on the actual excise tax paid during the year immediately preceding the year of operation. The purpose of the bond is to secure the payment of taxes on excisable articles and to satisfy other obligations which may be incurred by the taxpayer. Representatives from the petroleum industry and other stakeholders, however, submit that the requirement of posting importers’ or manufacturers’ bonds is no longer relevant or necessary given that oil companies are required to pay excise taxes due on petroleum products prior to their release from customs custody or withdrawal from a refinery, and that the bond requirement is inconsistent with the government’s policy of promoting ease of doing business
Live Webinar: Value Added Tax: In and Out
Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
Live Webinar: Withholding Taxes, Subjects & Applications
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Basic Bookkeeping for Non-Accountants
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: BIR Examination: Their Procedures and Our Defenses
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Revenue Memorandum Circular No. 062- 2026
Revenue Memorandum Circular No. 060-2026
Revenue Memorandum Circular No. 059- 2026
Revenue Memorandum Circular No. 055-2026
Revenue Memorandum Circular No. 054-2026
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