Tax Advisory
Tax Advisory: Latest Version of the eBIRForms Offline Package
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https://bir-cdn.bir.gov.ph/BIR/pdf/TaxAdvisory_eBIRForms 2018Aug17.pdf
eBIRForms Installation Guide
Tax And Business Related News
BIR clarifies PERA rules on 20% early withdrawal penalty
Philippine News Agency/ Joyce Ann L. Rocamora/ August 14, 2026 – MANILA
The Bureau of Internal Revenue (BIR) has clarified that the 20 percent early withdrawal penalty (EWP) from Personal Equity and Retirement Accounts (PERA) is limited to the earnings from PERA assets actually withdrawn. In the Revenue Memorandum Circular (RMC) 91-2026 issued on Aug. 11, the BIR said income, unrealized gains, and other PERA assets that remain invested are excluded from the penalty base.
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https://www.pna.gov.ph/articles/1281930
Pag-IBIG offers ‘BFF’ financing for members’ business capital
Philippine News Agency/ Liza Agoot / August 14, 2026 – BAGUIO CITY
Members of Pag-IBIG Fund can ensure better savings for themselves in the future aside from having a possible source of additional income by putting up a business.
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https://www.pna.gov.ph/articles/1282182
Philippines tax revenue goal ‘ambitious,’ says BMI
The Philippine Star / Aubrey Rose Inosante / August 16, 2026 – MANILA, Philippines
The Philippine government’s tax revenue target appears “ambitious,” with value-added tax (VAT) collections estimated to rise by 12.8 percent to P860 billion next year even without introducing major tax reforms, according to research and analysis firm BMI.
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https://www.philstar.com/business/2026/08/16/2549504/philippines-tax-revenue-goal-ambitious-says-bmi
New tax-exempt threshold: Tax relief or inflation adjustment? “Lets Talk tax”
Business World / Via Marie Angela M. Valdez/ August 17, 2026
During his fifth State of the Nation Address (SONA) on July 27, 2026, President Ferdinand Marcos, Jr. proposed increasing the annual personal income tax exemption threshold from P250,000 to P350,000. The proposal was touted as a form of tax relief intended to help workers cope with rising living costs and allow them to retain a larger portion of their earnings.
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https://bworldonline.com/economy/2026/08/17/770592/new-tax-exempt-threshold-tax-relief-or-inflation-adjustment/
Property tax reform
Business World / Marvin Tort/ August 17, 2026
The central issue is not whether some taxes can be removed, but how the government can replace the revenue loss. And this is why the President should rethink his recent call for Congress to suspend Republic Act No. 12001, or the Real Property Valuation and Assessment Reform Act (RPVARA).
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https://bworldonline.com/editors-picks/2026/08/20/771186/property-tax-reform/
Perks cleared: BIR simplifies tax rules on club shares held in trust
The Philippine Star / Mark Philip M. Ingente / August 18, 2026
It has been a common practice of taxpayers to secure a confirmatory ruling from the Bureau of Internal Revenue (BIR) just to establish that no capital gains tax (CGT), documentary stamp tax (DST) or donor’s tax was due. Revenue Memorandum Circular (RMC) 72-2026, issued by the BIR on June 30, 2026, finally dispenses with the requirement to obtain a prior confirmatory ruling from the BIR.
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https://www.philstar.com/business/2026/08/18/2549930/perks-cleared-bir-simplifies-tax-rules-club-shares-held-trust
Consumer groups: Vape tax loophole a gift to illicit traders
The Philippine Star /August 18, 2026 – MANILA, Philippines
Consumer advocacy groups have urged Congress to scrap what they described as a “glaring loophole” in the country’s vape excise tax system, warning that the current distinction between nicotine salt and freebase nicotine allows unscrupulous operators to misdeclare products, evade taxes, and rob the government of much-needed revenues.
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https://www.philstar.com/business/2026/08/18/2549927/consumer-groups-vape-tax-loophole-gift-illicit-traders
BIR files ₱2-billion tax case against offshore gaming operator Hongsheng
Manila Bulletin / Jun Ramirez / August 20, 2026
The Bureau of Internal Revenue (BIR) filed a ₱2.23 billion tax evasion case against offshore online gaming operator Hongsheng Gaming Technology Inc. after its investigation uncovered underreporting of revenues and unremitted taxes.
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https://mb.com.ph/2026/08/20/bir-files-2-billion-tax-case-against-offshore-gaming-operator-hongsheng
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