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AVPrime Accounting and Advisory Corp AVPrime aims to help you in your accounting needs.

We dedicate our passion to be partner with you as your accountant, bookkeeper, consultant, and tax preparation so you can focus your efforts on the core of growing your business.

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03/10/2026

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Just hit that message button πŸ“Ÿ

and WIPO are deepening their cooperation to help Filipino innovators, creators, and businesses derive greater value from their IP and expand into international markets.

During WIPO Director General Daren Tang’s visit, discussions covered IP financing, commercialization, AI, green technology, IP education, and ASEAN cooperation.

The engagements reinforce a shared goal of moving IP beyond protection and helping Filipino ideas, brands, and technologies generate investment, create opportunities, and compete globally.

Read the full article here: https://tinyurl.com/yus2k2rh

03/10/2026

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The Bureau of Internal Revenue (BIR), led by Commissioner Charlito Martin R. Mendoza, has issued the implementing rules for electronic invoicing, moving a major digital tax reform toward broader implementation among covered taxpayers.

β€œWith these rules in place, we can now move into implementation and refine the framework as needed. Our goal is to make electronic invoicing workable for taxpayers while laying a stronger foundation for the continued digitalization of tax administration,” Commissioner Mendoza said.

Issued on September 22, 2026, Revenue Memorandum Circular No. 98-2026 covers small, medium, and large taxpayers engaged in e-commerce or internet transactions; taxpayers under the Large Taxpayers Service; large taxpayers under the Ease of Paying Taxes framework; and taxpayers using a computerized accounting system and computerized book of accounts with accounting records and other invoicing software. Those within the mandatory coverage are required to issue electronic invoices on or before December 31, 2026. Micro taxpayers are not covered by the mandatory electronic invoicing requirement.

The Circular implements the electronic invoicing requirements under Revenue Regulations Nos. 8-2022 and 11-2025, as amended by RR No. 26-2025.

Taxpayers may use an in-house or commercially acquired electronic invoicing solution, or the services of an Electronic Invoicing Service Provider. The BIR will issue a separate issuance governing Electronic Invoicing Service Providers within the month.

β€œElectronic invoicing and electronic sales reporting are separate requirements. For now, taxpayers should focus on complying with the electronic invoicing rules. Electronic sales reporting will follow once the BIR issues the separate implementing policies and procedures for it,” Commissioner Mendoza said.

The final guidelines, which take effect immediately, follow the BIR-PMSG public consultation held on August 25, 2026, at the BIR National Office, where the Bureau discussed the proposed rules with private-sector stakeholders and received inputs on implementation.

β€œElectronic invoicing is a huge step toward revolutionizing invoicing and tax administration in the Philippines. It will change how businesses document transactions, how tax information is generated, and how the BIR uses data to build a more modern and efficient tax system,” Commissioner Mendoza said.

Read the full RMC No. 98-2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2098-2026%20redacted.pdf

03/10/2026

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