Bureau of Internal Revenue Issuances
REVENUE REGULATION
RR No. 03-2026
April 17, 2026
Implementing Executive Order No. 114, Series of 2026 “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”
REVENUE MEMORANDUM CIRCULAR
RMC No. 28-2026
April 13, 2026
Publishing the Full Text of Department Order No. 014-2026 Dated March 9, 2026 Signed by the Secretary of Finance, Frederick D. Go, Re: Guidelines on Energy Efficiency and Conservation in the Department of Finance
RMC No. 29-2026
April 13, 2026
Publishing the Full Text of Memorandum Circular No. 114 Dated March 9, 2026 Signed by the Acting Executive Secretary Ralph G. Recto, Office of the President Re: “Directing All Government Agencies and Instrumentalities to Strictly Adopt Energy Conservation Protocols”
RMC No. 30-2026
April 14, 2026
Extension of the deadline for the Filing of 2025 Annual Income Tax Returns and Payment of the Corresponding Taxes Due Thereon Including Submission of Required Attachments
RMC No. 31-2026
April 17, 2026
Circularizing Executive Order 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”
Tax Advisory
The BIR shall conduct a Public Auction (Acquired Real Assets) on April 30, 2026, 9:00 AM at the Auditorium of the BIR National Training Center, BIR National Office Compound, Diliman, Quezon City.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/Notice%20of%20Sale%20(15).pdf
Tax And Business Related News
BIR WEEKENDER BRIEFS
Volume 17, Issue No. 15 Week Ending April 17, 2026 – BIR Website
The following activities were the list of accomplishments ending April 10, 2026: Annual Income Tax Return Deadline Moved to May 15, 2026; Run After Tax Evaders (RATE) Cases; Filing of Cases; Tax Enforcement Activities; Destruction of Inventories; Serving Notices; and among others.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/v17n15.pdf
BIR Expands VAT-Exempt Medicines List to Over 2,263 Drugs
Public Information & Education Division / April 13, 2026
The Bureau of Internal Revenue issued RMC No. 27-2026 listing 2,263 Food and Drug Administration-endorsed VAT-exempt drugs, replacing prior lists to help cut medicine costs.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/PR27APR1326.pdf
PBBM suspends excise tax on LPG, kerosene for 3 months
Philippine News Agency / Ruth Abbey Gita-Carlos / April 17, 2026
A 3-month suspension of excise taxes on LPG and kerosene under EO 114, subject to monthly review, to ease high oil prices was so ordered.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1273133
BOC shortens import assessment valuation request to 3 days
Philippine News Agency / Ferdinand Patinio / April 16, 2026
The Bureau of Customs cut valuation processing time to 3 days (from 5) to speed up trade.
Click the link below to read full news from the source:
https://www.pna.gov.ph/articles/1273087
Bill to reduce VAT by 10% filed in Senate
Philippine News Agency / Wilnard Bacelonia / April 16, 2026
Bill 2047 was filed to cut VAT from 12% to 10% to ease rising living costs.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1273054
SIPP draft approved by FIRB
Business World / Justine Irish D. Tabile / April 16, 2026
The Fiscal Incentives Review Board approved the revised 2025-2027 SIPP, removing several activities from incentives and extending tax report deadlines.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/16/743536/sipp-draft-approved-by-firb/
Exporter support suspension of excise tax and VAT on fuel
Business World / Beatriz Marie D. Cruz / April 16, 2026
The Philippine Exporters Confederation, Inc. Backed suspending fuel excise tax and VAT to lower costs and stabilize prices.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/16/743535/exporters-support-suspension-of-excise-tax-and-vat-on-fuel/
BIR March collections top P198 billion, up 11.87%
Business World / Justine Irish D. Tabile / April 15, 2026
The BIR collected ₱198.8B in March 2026, with net collections at ₱187.4B after high refunds.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/15/743206/bir-march-collections-top-p198-billion-up-11-87/
PEZA registers ₱370-million manufacturer of solar modules targeting European markets
Business World / Beatriz Marie D. Cruz / April 15, 2026
The Philippine Economic Zone Authority approved ₱370M solar module plant in Batangas for export, boosting renewable energy manufacturing.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/15/743202/peza-registers-p370-million-manufacturer-of-solar-modules-targeting-european-markets/#google_vignette
Switzerland bats for easing of regulations for pharma imports
Business World / Beatriz Marie D. Cruz / April 15, 2026
Switzerland is pushing to ease Philippine pharma import rules to expand Swiss products and improve market access.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/15/743201/switzerland-bats-for-easing-of-regulations-for-pharma-imports/
Beyond buildings: Inside the SEC’s REIT rule reforms
Business World / Johanne D. Abdulrahman / April 13, 2026
The Securities and Exchange Commission issued revised REIT rules expanding eligible assets (including infrastructure), ownership structures via SPVs, and extending sponsor reinvestment period to 2 years to boost capital formation.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/04/13/742570/beyond-buildings-inside-the-secs-reit-rule-reforms/
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