Bureau of Internal Revenue Issuances
REVENUE MEMORANDUM CIRCULAR
RMC No. 53-2026
May 26, 2026
Announcing the Availability of the Taxpayer Portal and its Pilot Implementation to Large Taxpayers Service.
RMC No. 55-2026
May 26, 2026
Obligation of Electronic Marketplace Operators and Digital Financial Services Providers on the submission of the prescribed Alphabetical List of Employees/Payees.
RMC No. 56-2026
May 26, 2026
Circularizing the full text of Republic Act No. 12316, “An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended”.
RMC No. 57-2026
May 26, 2026
Clarifies the inclusion of jackpot prizes from casino and other gambling activities within the statutory definition of “winnings” subject to final tax pursuant to Sections 24(B)(1), 25(A)(1) and 25(B) of the National Internal Revenue Code of 1997, as Amended.
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.
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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.
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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.
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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. 21 Week Ending May 29, 2026
The Bureau of Internal Revenue (BIR), led by Commissioner Charlito Martin R. Mendoza and the Deputy Commissioners, launched the Taxpayer Portal (TPPortal) on May 26, 2026 at the Revenuers Development and Leisure Center, BIR National Office, Quezon City. The initiative marks the pilot implementation of the portal for taxpayers registered under the Large Taxpayer Service (LTS). Finance Secretary Frederick D. Go graced the event as the keynote speaker, highlighting the portal’s role in simplifying compliance.
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https://bir-cdn.bir.gov.ph/BIR/pdf/v17n21%20highres.pdf
BIR launches Taxpayer Portal
Philippine News Agency / Anna Leah Gonzalez / May 26, 2026 – Manila
The Bureau of Internal Revenue (BIR) launched on Tuesday a Taxpayer Portal as part of its continuing efforts to modernize tax administration and promote ease of doing business. In its Revenue Memorandum Circular 053, BIR said the portal is a secure digital platform that provides taxpayers with a single-view online access to their tax information.
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https://www.pna.gov.ph/articles/1275870
BIR: Jackpot prize from casinos, gambling subject to withholding tax
Philippine News Agency / Anna Leah Gonzalez / May 27, 2026 – Manila
The Bureau of Internal Revenue (BIR) said jackpot prizes derived from casino and other gambling activities, when falling within the scope of existing tax laws, are considered winnings and are, therefore, subject to final withholding tax.BIR issued Memorandum Circular No. 57-2026 on Tuesday after it received numerous inquiries regarding the scope of the term “winnings” under the Tax Code, particularly on whether jackpot prizes, including fixed and progressive jackpots, fall within such definition and are subject to final withholding tax.
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https://www.pna.gov.ph/articles/1275941
BSP tightens rules on bank group credit risk
Inquirer. Net / Ian Nicolas P. Cigaral / May 27, 2026 – Manila
The Bangko Sentral ng Pilipinas (BSP) has tightened rules on how banks can offset credit risk from loans guaranteed within a banking group, introducing a risk-weighted cap to ensure that capital relief better reflects underlying financial risks.
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https://business.inquirer.net/592347/bsp-tightens-rules-on-bank-group-credit-risk
BIR orders online platforms withholding taxes
Manila Bulletin / Derco Rosal / May 27, 2026
The Bureau of Internal Revenue (BIR) has identified electronic marketplace (e-marketplace) operators and digital financial services providers (DFSPs) as withholding agents required to remit a portion of gross payments sent to sellers.
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https://mb.com.ph/2026/05/27/bir-orders-online-platforms-digital-firms-to-remit-seller-withholding-taxes
Peso, stock market slide on peace deal pessimism
The Manila Times / Nazylen Joy Mabanglo / May 27, 2026
THE peso and stock market both retreated on Tuesday, with sentiment said to have been affected by renewed US strikes against Iran.
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https://www.manilatimes.net/2026/05/27/business/top-business/peso-stock-market-slide-on-peace-deal-pessimism/2351919
BSP warns public vs fake online posts
Philippine News Agency / Anna Leah Gonzalez / May 28, 2026 – Manila
The Bangko Sentral ng Pilipinas (BSP) on Thursday warned the public against fake online posts using the names and images of well-known government and business personalities to promote fraudulent investment schemes.
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https://www.pna.gov.ph/articles/1276057
Pag-IBIG Fund raises housing loan limit to ₱10M to serve more Filipino workers
Manila Bulletin / Mbrand / May 28, 2026
To further widen the reach of President Ferdinand R. Marcos Jr.’s flagship Expanded Pambansang Pabahay para sa Pilipino (Expanded 4PH) Program and help address the oversupply of available housing inventory, Pag-IBIG Fund has raised its maximum housing loan amount per borrower to ₱10 million.
Click the link below to read the full news from the source:
https://mb.com.ph/2026/05/28/pag-ibig-fund-raises-housing-loan-limit-to-10m-to-serve-more-filipino-workers
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