Bureau of Internal Revenue Issuances
REVENUE REGULATIONS
RR No. 24-2025
September 25, 2025
Further amending the pertinent provisions of Section 2.57.2.(I) under RR No. 2-98, as amended by RR No. 11-2018, RR No. 7-2019 and RR No. 31-2020, on the imposition of Creditable Withholding Tax on Top Withholding Agents.
TAX ADVISORY
Public Advisory: Postponement of vape destruction activity formerly scheduled for September 27 to 28, 2025.
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https://bir-cdn.bir.gov.ph/BIR/pdf/Advisory 09-25-25.pdf
Advisory on System Unavailability/Inaccessibility of various BIR Systems
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https://bir-cdn.bir.gov.ph/BIR/pdf/Advisory Unavailability of Various BIR Systems (0037) v1.pdf
TAX LAW
REPUBLIC ACT No. 12214 – Capital Markets Efficiency Promotion Act (CMEPA)
BIR Website / signed May 29, 2025
AN ACT AMENDING SECTIONS 22, 24, 25, 27, 28, 32, 34, 38, 39, 42, 51, 52, 56, 57, 127, 149, 174, 176, 179, 190, 199, AND 258 OF REPUBLIC ACT NO. 8424, ОТHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
REPUBLIC ACT No. 12079 – A VAT Refund for Non- Resident Tourists
Official Gazette / December 9, 2024
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
REPUBLIC ACT No. 12066 – CREATE MORE
Official Gazette / November 13, 2024
AN ACT AMENDING SECTIONS 27, 28, 32, 34, 57, 106, 108, 109, 112, 135, 237, 237-A, 269, 292, 293, 294, 295, 296, 297, 300, 301, 308, 309, 310, AND 311, AND ADDING NEW SECTIONS 135-A, 295-A, 296-A, AND 297-A OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES.
REPUBLIC ACT No. 12023 – VAT on Digital Services
Official Gazette / October 2, 2024
AN ACT AMENDING SECTIONS 105, 108, 109, 110, 113, 114, 115, 128, 236, AND 288 AND ADDING NEW SECTIONS 108-A AND 108-B OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
TAX AND BUSINESS RELATED NEWS
Client Support Service conducts Seminar/Workshop on Taxpayer Journey Mapping
BIR Website/ Nessie Joy T. Cachero / September 26, 2025
The seminar/workshop was attended by selected Assistant Revenue District Officers and selected personnel under the Client Support Section (CSS Chiefs and New Business Registration Officers), and Assessment, Collection and Compliance Division/Sections from the Revenue Regions and Revenue District Offices nationwide.
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/BIR Updates (Issue No. 7, S. 2025).pdf
BIR conducts Risk Assessment Workshops to strengthen Enterprise Risk Management
BIR Website / Mark Erol M. Taguinod / September 26, 2025
Since the establishment of Enterprise Risk Management (ERM) in the Bureau of Internal Revenue (BIR) in 2023, Revenue Services, Revenue Regions and Revenue Data Centers have been conducting Risk Assessment Workshops annually as mandated in Revenue Memorandum Order No. 9-2023.
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https://bir-cdn.bir.gov.ph/BIR/pdf/BIR Updates_ERM.pdf
BIR conducts Innovation Challenge 2025
BIR Website / Joiada S. Villon / September 26, 2025
To promote innovation across the Bureau of Internal Revenue (BIR) and recognize the increasing role of citizen developers, the BIR Innovation Challenge 2025 was launched in the Bureau on December 16, 2024 through a memorandum issued by Commissioner Romeo D. Lumagui, Jr.
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https://bir-cdn.bir.gov.ph/BIR/pdf/BIR Updates_Innovation Challenge 2025.pdf
Clarity in compliance: The impact of RMC 81-2025 on business expense deductions ‘Suits The C-Suite’
Business World / Jay A. Ballesteros / September 21, 2025
In the realm of taxation, clarity is power. With the issuance of Revenue Memorandum Circular (RMC) No. 81-2025, the Bureau of Internal Revenue (BIR) has taken a bold step toward reaffirming the principles of fairness, transparency, and accountability in tax reporting.
THE CORE OF RMC 81-2025
RMC 81-2025 reiterates the criteria for and guidelines on the deductibility of ordinary and necessary business expenses under Section 34(A)(1)(a) of the National Internal Revenue Code (NIRC) of 1997, as amended. While the language of the circular emphasizes reiteration, the tone and structure suggest a deeper intent: to refine the boundaries of what is considered deductible and to reframe the expectations around documentation, substantiation, and reasonableness.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2025/09/21/699883/clarity-in-compliance-the-impact-of-rmc-81-2025-on-business-expense-deductions/
SEC extends shelf registration validity to five years
Business World / Alexandria Grace C. Magno / September 22, 2025
COMPANIES will now have up to five years, from the previous three, to issue securities under a shelf registration after the Securities and Exchange Commission (SEC) approved rules extending the validity period and simplifying requirements for subsequent tranches. In memorandum circular (MC) No. 12, series of 2025, the SEC said the enhanced shelf registration framework extends the validity period starting from the registration statement’s effective date.
Click the link below to read the full news from the source:
https://www.bworldonline.com/corporate/2025/09/22/699792/sec-extends-shelf-registration-validity-to-five-years/
SEC extends shelf registration validity to five years
Business World / Alexandria Grace C. Magno / September 22, 2025
COMPANIES will now have up to five years, from the previous three, to issue securities under a shelf registration after the Securities and Exchange Commission (SEC) approved rules extending the validity period and simplifying requirements for subsequent tranches. In memorandum circular (MC) No. 12, series of 2025, the SEC said the enhanced shelf registration framework extends the validity period starting from the registration statement’s effective date.
Click the link below to read the full news from the source:
https://www.bworldonline.com/corporate/2025/09/22/699792/sec-extends-shelf-registration-validity-to-five-years/
Who can audit you? Understanding the importance of a Letter of Authority ‘Let’s Talk Tax’
Business World / Elijah Dominic V. David / September 22, 2025
To limit such power, taxation must respect the taxpayer’s right to due process. One of the most important safeguards in the tax system is the requirement for a Letter of Authority (LoA) before any audit or investigation can begin. The LoA is not merely a procedural formality — it is a legal prerequisite that ensures the taxpayer’s right to due process is respected.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2025/09/22/700094/who-can-audit-you-understanding-the-importance-of-a-letter-of-authority/
Unlocking retirement security: How PERA and CMEPA empower Filipinos to save smarter
The Philippine Star / Kristina Pauline Gutierrez / September 23, 2025
How prepared are you for retirement? For many Filipinos, saving for the future often takes a backseat to daily expenses. Recognizing this challenge, Republic Act 9505 or the Personal Equity and Retirement Account Act of 2008 was enacted to give Filipinos a tax-efficient option to build long-term financial security. PERA is a voluntary retirement savings account set up by individuals (contributors) for their exclusive use and benefit.
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https://www.philstar.com/business/2025/09/23/2474680/unlocking-retirement-security-how-pera-and-cmepa-empower-filipinos-save-smarter
BoC holds beta testing of new import tax calculator
Business World / Aubrey Rose A. Inosante / September 23, 2025
THE Bureau of Customs (BoC) is urging the public to join the beta testing of its improved online calculator that compute duty and tax for import goods entering the Philippines, after temporarily removed last month. In a statement on Tuesday, Customs said it released the Online Tax Estimator, which provides an estimate goods imported with free-carrier or free on-board value above P10,000 and less than P50,000.
Click the link below to read the full news from the source:
https://www.bworldonline.com/the-nation/2025/09/23/700429/boc-holds-beta-testing-of-new-import-tax-calculator/
Legislator says Finance department open to discussing tax on billionaires
Business World / Kenneth Christiane L. Basilio / September 24, 2025
THE Department of Finance (DoF) is open to discussing a “wealth tax,” a legislator said at the DoF’s budget hearing, which could signal greater willingness by the government’s chief fund-raiser to consider new sources of revenue after a longstanding no-new-taxes position.
Click the link below to read the full news from the source:
https://www.bworldonline.com/editors-picks/2025/09/24/700749/legislator-says-finance-department-open-to-discussing-tax-on-billionaires/
City gov’t offers tax incentive to traders using Paleng-QR
Philippine News Agency / Liza Agoot / September 24, 2025
BAGUIO CITY – The local government here has urged market traders to adopt the Paleng-QR cashless payment system as it carries the benefit of business tax incentives under a city ordinance. Under Ordinance 71-2022, businesses that adopt QR PH as an alternative mode of payment are entitled to a one-time 2.5 percent discount on their business tax during the first year of implementation.
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https://www.pna.gov.ph/articles/1259463
Gov’t revenues reach P3.1T in January-August on robust BIR collections
Bilyonaryo.com / September 24, 2025
Government revenues climbed 3.1% in the first eight months of 2025, lifted by stronger tax collections, the Bureau of the Treasury said. The Bureau of Internal Revenue (BIR) remained the main driver, collecting P2.14 trillion, an 11.4% increase “driven by higher corporate income tax, personal income tax, value-added tax, excise tax on tobacco, percentage tax on banks/financial institutions, and documentary stamp tax,” the BTR said.
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https://bilyonaryo.com/2025/09/24/govt-revenues-reach-p3-1t-in-january-august-on-robust-bir-collections/money/
PH, Singapore start negotiations for double taxation agreement update
Philippine News Agency / Anna Leah .Gonzales / September 25, 2025 – MANILA
The Philippines and Singapore started negotiations to update the 1977 Double Taxation Agreement (DTA), the Department of Finance (DOF) said Thursday. In a statement, the DOF said the DTA update aims to keep pace with the demands of the modern economy and strengthen bilateral and investment relations that will translate to more jobs for Filipinos.
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https://www.pna.gov.ph/articles/1259527
Philippine long-term bank deposits plunge 95% after tax exemption removal
Manila Bulletin / Derco Rosal / September 25, 2025
“So the five-years-plus-one-day time deposit product of our member banks, we’ve seen a 95-percent drop in that product. It’s quite dramatic,” veteran banker Michael Angelo Kho Samson, who chairs the Bankers Association of the Philippines’ (BAP) capital markets development committee, said during the Philippine Tax Academy (PTA) Convention on Wednesday, Sept. 24.
Click the link below to read the full news from the source:
https://mb.com.ph/2025/09/25/philippine-long-term-bank-deposits-plunge-95-after-tax-exemption-removal
BSP to close digital bank application by December 2025
Philippine News Agency / Anna Leah Gonzales / September 25, 2025- MANILA
The Bangko Sentral ng Pilipinas (BSP) will stop accepting new applications for digital bank licenses starting December 1, 2025. “The closure of the application window follows the Monetary Board’s approval of a moratorium on digital bank licensing on 18 September 2025.
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https://www.pna.gov.ph/articles/1259602
SEC backs lifting of bank secrecy law
The Philippine Star / Richmond Mercurio / September 25, 2025
“As a corporate and capital market regulator, the SEC welcomes the proposed easing of our bank secrecy law as a necessary measure to uphold trust and confidence in the Philippine capital market and overall economy,” SEC chairperson Francis Lim said.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2025/09/25/2475158/sec-backs-lifting-bank-secrecy-law
Iloilo City extends 60% real property tax rate to 2028
Manila Bulletin / Tara Yap / September 25, 2025 – ILOILO CITY
The Iloilo City government extended the 60-percent real property tax rate until 2028 amid a warning that a 300-percent RPT hike will destroy the economy and a Supreme Court (SC) petition. The Iloilo City Council approved an ordinance on Wednesday, Sept. 24, extending the 40-percent discount that is supposed to end by this year.
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https://mb.com.ph/2025/09/25/iloilo-city-extends-60-real-property-tax-rate-to-2028
Bill raising excise taxes on alcoholic drinks filed
The Philippine Star / September 26, 2025 – MANILA, Philippines
A measure seeking to raise excise taxes on alcoholic beverages to curb excessive drinking and generate additional revenues for the country’s Universal Health Care (UHC) program has been filed in Congress.
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https://www.philstar.com/business/2025/09/26/2475397/bill-raising-excise-taxes-alcoholic-drinks-filed
D&L subsidiaries secure tax holiday extension
Philippine News Agency / Joann Villanueva / September 26, 2025-MANILA
Two subsidiaries of publicly-listed firm D&L Industries have secured a two-year Income Tax Holiday (ITH) extension for their plants in Tanauan, Batangas, on account of their state-of-the-art facilities that boost job creation and economic growth.
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https://www.pna.gov.ph/articles/1259649
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