Outright Biz Solutions and Consultancy, Inc.

Smart minds. Quick thinking. Well-deserved wins.

Congratulations to our Quiz Bee champions -- our 1st Quarter Employee Awardees!

Real experience. Real growth. 💙

From learning the basics to gaining real-world accounting experience, Jozel shares how her internship at OBSC helped her build confidence, strengthen her technical skills, and better understand the full accounting cycle.

Thank you for being part of OBSC, Jozel! 💙
Get it Right with Outright. 💜💗

Tax season is still in progress… but definitely worth celebrating 🎉

We may not be at the finish line yet (hello, extended deadline 😅), but the progress we’ve made so far deserves a pause and a little celebration.

After weeks of deadlines, reports, and non-stop client work, we took a quick break—with good food, lots of laughs, and a fun icebreaker game that brought out everyone’s competitive (and funny!) side 😂

Because sometimes, it’s not just about the end—it's about recognizing the wins along the way 💙

Let’s finish strong, team!
Get it Right with Outright.

Annual ITR filing for TY 2025 is extended from April 15, 2026 to May 16, 2026 (Revenue Memorandum Circular No. 30-2026).

Source:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2030-2026.pdf

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (𝐑𝐌𝐂) 𝐍𝐨. 𝟏𝟒-𝟐𝟎𝟐𝟔 𝐜𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐬 𝐭𝐡𝐞 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐑𝐌𝐂 𝐍𝐨. 𝟖-𝟐𝟎𝟐𝟔, 𝐑𝐌𝐎 𝐍𝐨. 𝟏-𝟐𝟎𝟐𝟔, 𝐚𝐧𝐝 𝐑𝐌𝐎 𝐍𝐨. 𝟔-𝟐𝟎𝟐𝟔 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐚𝐱 𝐚𝐮𝐝𝐢𝐭𝐬, 𝐭𝐡𝐞 𝐒𝐢𝐧𝐠𝐥𝐞-𝐈𝐧𝐬𝐭𝐚𝐧𝐜𝐞 𝐀𝐮𝐝𝐢𝐭 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤, 𝐚𝐧𝐝 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐚𝐮𝐝𝐢𝐭 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐢𝐞𝐬 𝐢𝐬𝐬𝐮𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐁𝐮𝐫𝐞𝐚𝐮 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐞𝐯𝐞𝐧𝐮𝐞.

Key Clarifications

𝟏. 𝐑𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 𝐞𝐋𝐀 (𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐋𝐞𝐭𝐭𝐞𝐫 𝐨𝐟 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲)
- Issued when revenue officers are reassigned or replaced.
- Not considered a new audit authority if taxpayer, taxable period, and scope remain unchanged.
- Cannot expand the audit to new taxable periods.

𝟐. 𝐕𝐚𝐥𝐢𝐝𝐢𝐭𝐲 𝐨𝐟 𝐏𝐫𝐢𝐨𝐫 𝐀𝐮𝐝𝐢𝐭 𝐈𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭𝐬
- LOAs/eLAs issued before RMO 1-2026 remain valid and enforceable.

𝟑. 𝐓𝐕𝐍 𝐒𝐜𝐨𝐩𝐞 𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧
- A Tax Verification Notice (TVN) is limited to the transaction stated in the notice.
- Broader issues require a separate eLA.

𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬
𝐌𝐚𝐫𝐜𝐡 𝟏𝟑, 𝟐𝟎𝟐𝟔 – Deadline to request non-consolidation of VAT audit cases.
𝐌𝐚𝐫𝐜𝐡 𝟐𝟎, 𝟐𝟎𝟐𝟔 – Automatic consolidation of multiple LOAs/eLAs for the same taxpayer and period.
𝐌𝐚𝐲 𝟏𝟓, 𝟐𝟎𝟐𝟔 – Deadline for VAT audit units to complete transfer and preparation of cases.
𝐌𝐚𝐲 𝟏𝟖, 𝟐𝟎𝟐𝟔 – Mandatory consolidation of remaining audits.
𝐌𝐚𝐲 𝟐𝟗, 𝟐𝟎𝟐𝟔 – Final wind-down of VAT audit offices.

𝐒𝐨𝐮𝐫𝐜𝐞:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2014-2026.pdf

🎉 Happy Birthday to our incredible Managing Director, Sir Ice! 🎂✨

Thank you for your leadership, guidance, and unwavering support that keeps OBSC moving forward. Wishing you a year filled with success, joy, and unforgettable moments! 🥳🎁

Ms. Larry has been a consistent and dependable part of OBSC's journey. Her contributions to our operations over the past decade are deeply appreciated.

Thank you for 10 years of commitment.

𝐁𝐈𝐑 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲: 𝐑𝐑 𝐍𝐨. 𝟏-𝟐𝟎𝟐𝟔 — 𝐕𝐀𝐓 𝐑𝐮𝐥𝐞𝐬 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐝 𝐟𝐨𝐫 𝐑𝐁𝐄𝐬 & 𝐒𝐲𝐬𝐭𝐞𝐦 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐄𝐱𝐭𝐞𝐧𝐝𝐞𝐝⁣
⁣
Revenue Regulations (RR) No. 1-2026 amends RR No. 9-2025 to clarify VAT rules on local sales of Registered Business Enterprises (RBEs), allow optional VAT registration, define exclusions, and extend the system reconfiguration deadline. ⁣
⁣
𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐃𝐚𝐭𝐞:⁣
Takes effect 15 days after publication in the Official Gazette or BIR website. ⁣
⁣
𝐊𝐞𝐲 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 & 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬⁣
⁣
1. VAT on RBE Local Sales (B2B):⁣
- VAT on purchases from ecozones/freeports is paid per transaction using BIR Form 0605 prior to release of goods.⁣
- Bulk shipments may be paid in one consolidated payment. ⁣
⁣
2. Optional VAT Registration for RBEs:⁣
- RBEs under 5% SCIT or GIE may opt to register as VAT taxpayers for local sales.⁣
- Registration cannot be cancelled for 3 years. ⁣
⁣
3. Transactions Excluded from VAT on Local Sales Rules:⁣
- VAT zero-rated and VAT-exempt transactions⁣
- Non-qualifying Domestic Market Enterprises⁣
- Sales unrelated to registered RBE activities (subject to regular 12% VAT) ⁣
⁣
𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞⁣
System reconfiguration deadline extended to: 👉 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟑𝟏, 𝟐𝟎𝟐𝟔 (for POS/CAS/invoicing systems reflecting VAT on local sales). ⁣
⁣
Source:⁣
https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%201-2026.pdf

𝐒𝐄𝐂 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲: 𝐌𝐂 𝐍𝐨. 𝟗-𝟐𝟎𝟐𝟔 — 𝟐𝟎𝟐𝟔 𝐀𝐅𝐒 & 𝐆𝐈𝐒 𝐅𝐢𝐥𝐢𝐧𝐠 𝐑𝐮𝐥𝐞𝐬 𝐚𝐧𝐝 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬⁣
⁣
SEC Memorandum Circular No. 9-2026 prescribes the 2026 filing guidelines for Annual Financial Statements (AFS) and General Information Sheet (GIS) for all corporations under the Securities and Exchange Commission. ⁣
⁣
𝐊𝐄𝐘 𝐃𝐄𝐀𝐃𝐋𝐈𝐍𝐄𝐒:⁣
⁣
𝐅𝐨𝐫 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐟𝐢𝐬𝐜𝐚𝐥 𝐲𝐞𝐚𝐫 𝐞𝐧𝐝𝐢𝐧𝐠 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟑𝟏, 𝟐𝟎𝟐𝟓:⁣
- AFS filing: May 29, 2026 ⁣
- Late submissions are subject to penalties.⁣
⁣
𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐟𝐢𝐬𝐜𝐚𝐥 𝐲𝐞𝐚𝐫:⁣
- File within 120 days from fiscal year end. ⁣
⁣
𝐆𝐈𝐒 𝐅𝐢𝐥𝐢𝐧𝐠:⁣
Within 30 days from:⁣
- Stockholders’ meeting (stock corporations)⁣
- Members’ meeting (non-stock corporations)⁣
- License anniversary date (foreign corporationss) ⁣
⁣
𝐌𝐚𝐣𝐨𝐫 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐑𝐮𝐥𝐞𝐬:⁣
- All submissions must be filed online via 𝐞𝐅𝐀𝐒𝐓; email and manual submissions are no longer accepted. ⁣
- AFS must show BIR receipt stamp or eAFS confirmation. ⁣
- Corporations above ₱3M assets/liabilities threshold must submit AFS; those below may submit FS with Notarized Statement of Management Responsibility (SMR). ⁣
- Reports with poor quality or errors may be reverted and considered not filed. ⁣
⁣
𝐒𝐨𝐮𝐫𝐜𝐞:⁣
https://www.sec.gov.ph/mc-2026/sec-mc-no-09-series-of-2026/ .tab=0

At OBSC, we believe internships should be more than just compliance work—they should be about learning, growth, and real-world experience.

Thanks to Ivy who completed her internship last Friday, Feb 7, for sharing her feedback and being part of our team!

𝐁𝐈𝐑 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲: 𝐑𝐌𝐂 𝐍𝐨. 𝟖-𝟐𝟎𝟐𝟔 — 𝐓𝐚𝐱 𝐀𝐮𝐝𝐢𝐭𝐬 𝐚𝐧𝐝 𝐅𝐢𝐞𝐥𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐑𝐞𝐬𝐮𝐦𝐞⁣
⁣
Revenue Memorandum Circular No. 8-2026 lifts the suspension of tax audits and related field operations that were previously halted under RMC No. 107-2025, as clarified by RMC No. 109-2025. All BIR audit and enforcement activities are now authorized to resume nationwide. ⁣
⁣
𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐃𝐚𝐭𝐞:⁣
January 27, 2026 — 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲.⁣
⁣
𝐖𝐡𝐚𝐭 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 𝐑𝐞𝐬𝐮𝐦𝐞:⁣
- Issuance of Electronic Letters of Authority (eLAs), Mission Orders (MOs), and Tax Verification Notices (TVNs)⁣
- Continuation and completion of audit cases previously suspended⁣
Enforcement, verification, assessment, and collection activities requiring audit or field operations⁣
- Other audit/enforcement actions necessary to protect revenue and ensure compliance, subject to existing controls⁣
⁣
All resumed audits must comply with Revenue Memorandum Order (RMO) No. 001-2026, which prescribes revised audit policies, controls, and procedures. ⁣
⁣
Previously, audits and field operations were suspended. This circular formally resumes all such activities and signals a return to regular audit operations, with updated internal controls.⁣
⁣
𝐒𝐨𝐮𝐫𝐜𝐞:⁣
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%208-2026.pdf⁣