Bureau of Internal Revenue Issuances
REVENUE MEMORANDUM CIRCULAR
RMC No. 21-2026
March 19, 2026
Tax Treatment of Development Assistance Activities Carried Out by the Foreign Assistance Section of the United States Embassy in the Philippines.
Tax Advisory
2025 Annual Income Tax Return Filing – Due on or Before April 15, 2026
Tax And Business Related News
BIR WEEKENDER BRIEFS
Volume No. 17, Issue No. 12 Week Ending March 27, 2026 – (BIR Website)
On March 18, the Collection Section Chief of RD 57-West Laguna, Don Johnson Guevarra and Revenue Officer Khyte Claine Mercado– under CAS Carlito Mariano and the leadership of RDO Stimson Cureg and Asst. RDO Arvin Manuntag– joined RR 9B-LaQueMar’s Legal Division team, composed of Czarina May Umilin, Vhea Angelica Penaredondo and Kurt Arvil Dausin in filing RATE cases at the Office of the City Prosecutor-Biñan City for violations of Sec 255 of the NIRC.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/v17n12%20highres.pdf
BIR WEEKENDER BRIEFS
Volume No. 17, Issue No. 11 Week Ending March 20, 2026 – (BIR Website)
The following were conducted ending March 20, 2026: Enforcement Operations against Illicit Cigarettes; Filing of Cases; Tax Enforcement Activities; Surveillance Activities; Destruction of Inventories; and among others.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/v17n11 high res.pdf
BIR opens 2026 Strong With ₱15.307 Billion Revenue Gain, Hits 100.43% of Jan-Feb Goal
Public Information & Education Division / March 20, 2026
The Bureau of Internal Revenue (BIR) collected ₱530.055 billion from January to February 2026, exceeding its ₱527.775 billion target and posting a 2.97% increase from the same period in 2025.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/PR22MAR2026.pdf
DOF, BIR issue rules granting VAT exemption for natural gas transactions
Public Information & Education Division / March 23, 2026
The Department of Finance (DoF), upon recommendation of the BIR, issued regulations granting VAT exemption on indigenous natural gas and related power generation under Republic Act No. 12120 to support the development of the Philippine natural gas industry.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/PR23MARCH2326.pdf
Oil firms back VAT suspension for faster fuel price reduction
Philippine News Agency / Wilnard Bacelonia / March 26, 2026
Oil industry groups backed a proposal to suspend VAT on petroleum products, saying it would reduce importation costs and allow faster pump price cuts for consumers.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1271848
Marcos gets emergency powers to cut, suspend oil taxes
Philippine News Agency / Darryl John Esguerra / March 25, 2026
Ferdinand R. Marcos Jr. signed Republic Act No. 12316 granting the President emergency powers to temporarily suspend or reduce petroleum excise taxes to address rising global oil prices.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1271800
4 tax evasion charges vs. Curlee Discaya filed before CTA
Philippine News Agency / Benjamin Pulta / March 19, 2026
The Department of Justice filed four tax evsion cases before the Court of Tax Appeals against Pacifico “Curlee” Discaya over alleged ₱7.18 billion in unpaid taxes.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1271414
PEZA approves Collins Aerospace unit’s adjusted registered activities
Business World / Beatriz Marie D. Cruz / March 25, 2026
Philippine Economic Zone Authority signed a revised supplemental agreement with B/E Aerospace B.V. to expand its aerospace manufacturing activities in the First Philippine Industrial Park (FPIP) Special Economic Zone in Batangas.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/03/25/738720/peza-approves-collins-aerospace-units-adjusted-registered-activities/
Non-tariff measures on meat imports need streamlining-PCC
Business World / Vonn Andrei E. Villamiel / March 23, 2026
Philippine Competition Commission said 169 non-tariff measures on meat imports may need streamlining to reduce trade barriers, lower costs, and improve supply and competition in the Philippines.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/03/23/738157/non-tariff-measures-on-meat-imports-need-streamlining-pcc/
Taxing imported petroleum products: VAT vs. excise
Business World / Samantha Patricia C. Buenacafe / March 23, 2026
The Middle East conflict raises global oil prices, increasing the VAT on imported petroleum products in the Philippines—since VAT is based on landed cost—while excise tax remains fixed, prompting calls to review the country’s fuel tax structure.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/03/23/738151/taxing-imported-petroleum-products-vat-vs-excise/
BIR spells out VAT exemption mechanism for electricity generated from domestic gas
Business World / Sheldeen Joy Talavera / March 19, 2026
The Bureau of Internal Revenue issued Revenue Regulations No. 2-2026 implementing Republic Act No. 12120, setting rules for the 12% VAT exemption on electricity generated from indigenous natural gas.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/03/19/737622/bir-spells-out-vat-exemption-mechanism-for-electricity-generated-from-domestic-gas/
Download File:
