Bureau of Internal Revenue Issuances
REVENUE MEMORANDUM CIRCULAR
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. 43-2026
May 13, 2026
Circularizing Republic Act No. 12022, Entitled “An Act Defining the Crimes of Agricultural Economic Sabotage Prescribing Penalties Therefor, Vesting Jurisdiction Over Such Offenses with the Court of Tax Appeals Providing Mechanisms for its Implementation and Enforcement, Repealing for the Purpose Republic Act No. 10845 or the ‘Anti-Agricultural Smuggling Act of 2016’ “
RMC No. 44-2026
May 13, 2026
Circularizing Department of Finance (DOF) Department Order No. 018-2025, entitled “Guidelines for Accreditation of Value Added Tax (VAT) Refund System Operators Pursuant to Republic Act No. 12079 Otherwise Known as ‘An Act Creating a VAT Refund Mechanism for Non-Resident Tourists, Adding a New Section 112-A to the National Internal Revenue Code of 1997, As Amended, For the Purpose'”
RMC No. 45-2026
May 13, 2026
Publishing the Full Text of Memorandum Circular No. 118 Dated April 13, 2026 Signed by the Acting Executive Secretary, Ralph G. Recto, Office of the President Re: “Directing all Government Agencies and Instrumentalities and Encouraging Local Government Units and the Private Sector, to Participate in the Celebration of the 128th Anniversary of the Proclamation of Philippine Independence”.
REVENUE MEMORANDUM ORDER
RMO No. 11-2026
May 12, 2026
Updated Cost to Collect Threshold for Accounts Receivable/Delinquent Accounts (AR/DA) for Collection Enforcement Prioritization
REVENUE DELEGATION AUTHORITY ORDER
RDAO No. 24-2026
May 13, 2026
Designates the OIC-Chief of the Assessment Division of Revenue Region (RR) No. 7B – East NCR to perform the power and duties of Assistant Regional Director on all matters in view of the approved leave of RR No. 7B’s OIC-Asst. Revenue Director
Tax Advisory
Advisory on Clarifications Relative to the Electronic Submission of Audited Financial Statements and Other Required Attachments Through the Electronic Audited Financial Statement (eAFS) System
BIR Website
This advisory is being issued to clarify and address the numerous queries relative to the electronic submission of Audited Financial Statements and other required attachments through the Electronic Audited Financial Statement (eAFS) System.
To provide further clarifications, given below are the illustrations and recommended actions for the following concerns/issues:
- Registration Issues
- Login Issues
- File Upload Issues
- Email Notifications
- Proof of Filing Submission
- Accessibility Issues
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/eAFS%20Tax%20Advisory.pdf
Other Government Regulatory news
NOTICE
April 14, 2026
The Securities and Exchange Commission (SEC), through a Notice dated April 14, 2026, has officially extended the deadlines for the submission of AFS and other required reports. This extension aligns with the Bureau of Internal Revenue’s (BIR) issuance of Revenue Memorandum Circular No. 30-2026, which moved the deadline for filing the 2025 Annual Income Tax Returns (AITR) to May 15, 2026.
Click the link below to read the full news from the source:
COOPERATIVE DEVELOPMENT AUTHORITY
MEMORANDUM CIRCULAR NO. 2026 –07
April 23, 2026
The Cooperative Development Authority (CDA), pursuant to Executive Order No. 110, s. 2026 declaring a State of National Emergency, has approved the extension of the deadline for the submission of required reports for Calendar Year 2026 covering Fiscal Year 2025 operations until May 31, 2026, without penalty. The CDA also clarified that Certificates of Compliance (COC) expiring on April 30, 2026 shall remain valid until the extended deadline. The memorandum circular takes effect immediately upon publication in the Official Gazette or a newspaper of general circulation.
Click the link below to read the full news from the source:
https://cda.gov.ph/wp-content/uploads/2026/04/MC-2026-07-ONAR.pdf
PHILIPPINE ECONOMIC ZONE AUTHORITY
MEMORANDUM CIRCULAR NO. 2026- 027
April 20, 2026
The Fiscal Incentives Review Board (FIRB) has issued Advisory No. 007-2026 extending the deadlines for submitting the Annual Tax Incentives Report (ATIR) and Annual Benefits Report (ABR) for Taxable Year 2025. For registered business enterprises (RBEs) using a calendar-year accounting period, the deadline for filing both ATIR and ABR is moved from May 15, 2026 to June 15, 2026. RBEs following a fiscal-year accounting period are likewise given until June 15, 2026 to submit the Employment and Compensation Data under the ABR. The extension aligns with the adjusted income tax return filing deadline following the declaration of a national energy emergency.
Click the link below to read the full news from the source:
https://www.peza.gov.ph/sites/default/files/memorandum_circular_no._2026-027.pdf
Tax And Business Related News
BIR WEEKENDER BRIEFS
Volume No. 17, Issue No. 19 Week Ending May 15, 2026
On the final day of AITR filing, the BIR has mobilized its Revenue District Offices, eLounges, and taxpayer assistance centers nationwide to provide manual and electronic filing assistance, and guidance on electronic payment channels. Its National Command Center at Revenue Region No. 7B-East NCR in Mandaluyong City was activated to serve as the Bureau’s centralized monitoring and coordination hub for the May 15 deadline. Expressing his appreciation, BIR Commissioner Charlito Martin R. Mendoza said, “Nagpapasalamat tayo kay Pangulong Ferdinand Marcos, Jr., sa pagpapalawig sa AITR deadline. Mahaba po ang isang buwang palugit na siguradong nakatulong sa ating taxpayers na maayos na makapag-comply sa kanilang tax obligations.”
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/v17n19%20final%202.pdf
SEC simplifies access to securities regulations
The Philippine Star / Richmond Mercurio / May 11, 2026 – Manila
The Securities and Exchange Commission (SEC) is simplifying access to the country’s securities regulations by coming out with a comprehensive digital reference.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2026/05/11/2527031/sec-simplifies-access-securities-regulations
Gasoline prices keep rising while diesel falls
Manila Bulletin / Gabriell Christel Galang / May 11, 2026
Gasoline prices will increase for the third straight week starting Tuesday, May 12, while diesel prices will continue to decline. Based on the prescribed adjustments of the Department of Energy (DOE), gasoline prices will rise by ₱0.47 per liter, while diesel prices will see a ₱9.57-per-liter rollback.
Click the link below to read the full news from the source:
https://mb.com.ph/2026/05/11/gasoline-prices-keep-rising-while-diesel-falls
Gcash backs BSP call for stronger merchant verification
Philippine News Agency / Anna Leah Gonzales / May 13, 2026 – Manila
GCash expressed support for the Bangko Sentral ng Pilipinas’ (BSP) efforts to strengthen consumer protection and promote safer digital payment practices through stronger merchant verification and Ecosystem Controls.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1274949
BIR to waive collection of smaller delinquent amounts
Business World / Justine Irish D. Tabile / May 13, 2026
THE Bureau of Internal Revenue (BIR) said it raised the threshold for writing off delinquent tax accounts, citing the need to save on administrative costs it would have incurred for going after relatively small receivables.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2026/05/13/749505/bir-to-waive-collection-of-smaller-delinquent-amounts/
Banks loans grow faster despite Middle East shock
Philippine Daily Inquirer / Nyah Genelle C. De Leon – Manila
Philippine bank lending rose at its fastest pace in seven months in March as the impact of the Middle East war had yet to significantly spill over into domestic loan activity.
Click the link below to read the full news from the source:
https://business.inquirer.net/590067/bank-loans-grow-faster-despite-mideast-shock
SEC suspends monthly penalties for late corporation filings
Manila Times / May 14, 2026
THE Securities and Exchange Commission (SEC) has suspended until Dec. 31 the imposition of monthly penalties for the late or non-filing of reportorial requirements as part of efforts to ease compliance costs for corporations.
Click the link below to read the full news from the source:
https://www.manilatimes.net/2026/05/14/business/top-business/sec-suspends-monthly-penalties-for-late-corporate-filings/2343145
BIR to assist taxpayers on last day of income tax return filing
Philippine News Agency / Anna Leah Gonzales / May 15, 2026 – Manila
The Bureau of Internal Revenue (BIR) reminded taxpayers that today (May 15) is the last day to file and pay Annual Income Tax Returns (AITRs)
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1275101
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