CAER Tax and Accounting Services

Yes po. 👍

𝗧𝗮𝗻𝗼𝗻𝗴 𝗻𝗶 𝗝𝘂𝗮𝗻 𝗡𝗼. 𝟭𝟲:

“𝗛𝗲𝗹𝗹𝗼, 𝗕𝗜𝗥! 𝗪𝗮𝗹𝗮𝗻𝗴 𝗿𝗲𝘀𝗶𝗯𝗼 𝘆𝘂𝗻𝗴 𝗺𝗴𝗮 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀 𝗮𝘁 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝗸𝗼 𝗮𝘁 𝗻𝗮𝗸𝗮 𝗜𝘁𝗲𝗺𝗶𝘇𝗲𝗱 𝗱𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀 𝗽𝗼 𝗮𝗸𝗼. 𝗔𝗻𝗼 𝗽𝗼 𝗸𝗮𝘆𝗮 𝗮𝗻𝗴 𝗺𝗮𝗮𝗿𝗶𝗻𝗴 𝗺𝗮𝗴𝗶𝗻𝗴 𝗽𝗿𝗼𝗯𝗹𝗲𝗺𝗮 𝗸𝗼?”

𝗔𝗻𝗴 𝗞𝗮𝘀𝗮𝗴𝘂𝘁𝗮𝗻:

Ang maaring maging pangunahing problema mo ay madidisallow ng BIR ang lahat ng deductions mo kapag nagkaroon ng tax audit o assessment.

Sa ilalim ng Section 34(A)(1)(b) ng National Internal Revenue Code (Tax Code) ng Pilipinas, ang pangunahing patunay na hinahanap para sa mga business expenses ay tinatawag na Substantiation Evidence o sapat na ebidensya.

Hindi pwedeng basta ilista lang ang nagastos. Ang batas ay partikular na binabanggit ang mga sumusunod na opisyal na patunay at dokumento:

1. 𝗣𝗮𝗻𝗴𝘂𝗻𝗮𝗵𝗶𝗻𝗴 𝗣𝗮𝘁𝘂𝗻𝗮𝘆 (𝗣𝗿𝗶𝗺𝗮𝗿𝘆 𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝘀)

Kasunod ng mga reporma sa batas tulad ng Ease of Paying Taxes (EOPT) Act, pinag-isa na ng BIR ang mga dokumento para sa transaksyon:

▪️Invoice / Sales Invoice: Ito ang pinaka-unang hinahanap ng BIR. Ito ang opisyal na patunay kapag bumili ka ng produkto (goods) o nagbayad para sa serbisyo (services). Dapat ito ay rehistrado sa BIR at naglalaman ng pangalan ng negosyo mo, iyong Tax Identification Number (TIN), petsa, at deskripsyon ng binili.

2. 𝗦𝗮𝗽𝗮𝘁 𝗻𝗮 𝗗𝗼𝗸𝘂𝗺𝗲𝗻𝘁𝗼 (𝗢𝘁𝗵𝗲𝗿 𝗔𝗱𝗲𝗾𝘂𝗮𝘁𝗲 𝗥𝗲𝗰𝗼𝗿𝗱𝘀)

Binabanggit din sa Section 34 na kung walang invoice, maaari ring tanggapin ang iba pang "adequate records" o sapat na kasulatan basta mapatunayan ang dalawang bagay: ang halaga ng gastos at ang direktang koneksyon nito sa negosyo mo. Kasama rito ang:

▪️Kontrata (Contracts / Deeds): Halimbawa ay Lease Contract para sa upa ng opisina (Rent Expense) o Employment Contract para sa Sahod.

▪️Payslips at Payroll Sheets: Patunay sa pagpapasahod sa mga empleyado (Salaries and Wages).

▪️Bank Statements at Canceled Checks: Katibayan na nagkaroon ng aktwal na labas ng pera mula sa account ng negosyo patungo sa supplier o pinagbayaran.

▪️Billing Statements o Statement of Account (SOA): Para sa mga regular na bayarin gaya ng kuryente (Meralco), tubig, o internet na nakapangalan sa negosyo mo.

𝗔𝘆𝗼𝗻 𝘀𝗮 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟯𝟰, 𝗵𝗶𝗻𝗱𝗶 𝘀𝗮𝗽𝗮𝘁 𝗻𝗮 𝗺𝗮𝘆 𝗽𝗮𝗽𝗲𝗹 𝗸𝗮 𝗹𝗮𝗻𝗴. 𝗗𝗮𝗽𝗮𝘁 𝗺𝗮𝗹𝗶𝗻𝗮𝘄 𝗻𝗮 𝗻𝗮𝗸𝗮𝘀𝗮𝗮𝗱 𝘀𝗮 𝗶𝘆𝗼𝗻𝗴 𝗺𝗴𝗮 𝗽𝗮𝘁𝘂𝗻𝗮𝘆 𝗮𝗻𝗴:

𝟭. 𝗧𝗵𝗲 𝗮𝗺𝗼𝘂𝗻𝘁 𝗼𝗳 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝗯𝗲𝗶𝗻𝗴 𝗱𝗲𝗱𝘂𝗰𝘁𝗲𝗱: 𝗔𝗻𝗴 𝗲𝗸𝘀𝗮𝗸𝘁𝗼𝗻𝗴 𝗵𝗮𝗹𝗮𝗴𝗮 𝗻𝗮 𝗯𝗶𝗻𝗮𝘆𝗮𝗿𝗮𝗻 𝗺𝗼.

𝟮. 𝗗𝗶𝗿𝗲𝗰𝘁 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀: 𝗣𝗮𝘁𝘂𝗻𝗮𝘆 𝗻𝗮 𝗮𝗻𝗴 𝗴𝗮𝘀𝘁𝗼𝘀 𝗮𝘆 𝗼𝗿𝗱𝗶𝗻𝗮𝗿𝘆 𝗮𝗻𝗱 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆—𝗶𝗯𝗶𝗴 𝘀𝗮𝗯𝗶𝗵𝗶𝗻, 𝗸𝗮𝗿𝗮𝗻𝗶𝘄𝗮𝗻 𝗮𝘁 𝗸𝗮𝗶𝗹𝗮𝗻𝗴𝗮𝗻 𝘁𝗮𝗹𝗮𝗴𝗮 𝗽𝗮𝗿𝗮 𝘁𝘂𝗺𝗮𝗸𝗯𝗼 𝗮𝘁 𝗸𝘂𝗺𝗶𝘁𝗮 𝗮𝗻𝗴 𝗶𝘆𝗼𝗻𝗴 𝗻𝗲𝗴𝗼𝘀𝘆𝗼 𝗼 𝗽𝗿𝗼𝗽𝗲𝘀𝘆𝗼𝗻.

🫶👍

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act.”

“This is our ‘Ease of Closing Business’ reform,” Commissioner Charlito Martin R. Mendoza said. “In line with President Ferdinand R. Marcos Jr.’s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Go’s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.”

“From improving the ease of doing business and the ease of paying taxes, this reform completes the BIR’s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,” he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.

The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.

Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayer’s registered form types shall likewise be placed under “deregistered” status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.

In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

Read the full RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

👍

𝗧𝗮𝗻𝗼𝗻𝗴 𝗻𝗶 𝗝𝘂𝗮𝗻 𝗡𝗼. 𝟭𝟳:

“𝗛𝗲𝗹𝗹𝗼, 𝗕𝗜𝗥. 𝗢𝗻𝗹𝗶𝗻𝗲 𝗦𝗲𝗹𝗹𝗲𝗿 𝗽𝗼 𝗮𝗸𝗼. 𝗜𝗯𝗶𝗻𝗶𝗻𝗮𝗹𝗶𝗸 𝗻𝗴 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗮𝗻𝗴 𝗽𝗿𝗼𝗱𝘂𝗸𝘁𝗼𝗻𝗴 𝗯𝗶𝗻𝗲𝗻𝘁𝗮 𝗸𝗼 𝗱𝗮𝗵𝗶𝗹 𝗻𝗮-𝗱𝗮𝗺𝗮𝗴𝗲 𝗶𝘁𝗼 𝗱𝘂𝗿𝗶𝗻𝗴 𝗱𝗲𝗹𝗶𝘃𝗲𝗿𝘆. 𝗠𝗮𝘆 𝗿𝗲𝘀𝗶𝗯𝗼 𝗻𝗮 𝗮𝗸𝗼𝗻𝗴 𝗻𝗮-𝗶𝘀𝘀𝘂𝗲, 𝗽𝗮𝗮𝗻𝗼 𝗻𝗴𝗮𝘆𝗼𝗻 𝗮𝗻𝗴 𝗴𝗮𝗴𝗮𝘄𝗶𝗻 𝗸𝗼?”

𝗔𝗻𝗴 𝗞𝗮𝘀𝗮𝗴𝘂𝘁𝗮𝗻:

Para sa mga online sellers, ang tamang pagtrato sa mga produktong ibinalik (sales returns) dahil na-damage ito habang ay dine-deliver ay nakadepende sa kung pinalitan mo ang item (Replacement) o kung ibinalik mo ang pera ng customer (Refund).

Dahil nakapag-issue ka na ng Sales Invoice, sundin ang mga sumusunod na hakbang para maitama ang iyong accounting records at hindi ka magbayad ng maling buwis:

𝗦𝗲𝗻𝗮𝗿𝘆𝗼 𝗔: 𝗞𝘂𝗻𝗴 𝗽𝗶𝗻𝗮𝗹𝗶𝘁𝗮𝗻 𝗺𝗼 𝗻𝗴 𝗯𝗮𝗴𝗼𝗻𝗴 𝗶𝘁𝗲𝗺 (𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁)

Kung nagpadala ka ng kapalit na produkto na kapareho ang halaga, hindi mo na kailangang kanselahin ang unang invoice o magbawas sa iyong idinedeklarang benta:

𝗛𝘂𝘄𝗮𝗴 𝗺𝗮𝗴-𝗶𝘀𝘀𝘂𝗲 𝗻𝗴 𝗯𝗮𝗴𝗼𝗻𝗴 𝗦𝗮𝗹𝗲𝘀 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 para sa pamalit na item upang maiwasan ang dobleng pagpataw ng buwis sa iisang benta.

𝗚𝗮𝗺𝗶𝘁𝗶𝗻 𝗮𝗻𝗴 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗥𝗲𝗰𝗲𝗶𝗽𝘁 (𝗗𝗥) para sa pagbiyahe ng bagong produkto at ilagay sa deskripsyon: "Replacement for damaged item under Sales Invoice No. [Ilagay ang lumang invoice number]".

𝗦𝗲𝗻𝗮𝗿𝘆𝗼 𝗕: 𝗞𝘂𝗻𝗴 𝗯𝗶𝗻𝗮𝗹𝗶𝗸 𝗺𝗼 𝗮𝗻𝗴 𝗽𝗲𝗿𝗮 (𝗥𝗲𝗳𝘂𝗻𝗱)

Kung tuluyan nang kinansela ang transaksyon at binalik mo ang bayad sa bumili, kailangan mong maihabol ito bilang Sales Return.

✔️𝙈𝙖𝙜-𝙞𝙨𝙮𝙪 𝙣𝙜 𝘾𝙧𝙚𝙙𝙞𝙩 𝙈𝙚𝙢𝙤 / 𝘾𝙧𝙚𝙙𝙞𝙩 𝙉𝙤𝙩𝙚

Gumawa ng supplementary document tulad ng Credit Memo kung saan malinaw na nakasulat ang pangalan ng buyer, orihinal na Sales Invoice number, petsa, detalye ng produkto, at dahilan ng pagbabalik (damaged item).

✔️𝙈𝙖𝙧𝙠𝙖𝙝𝙖𝙣 𝙖𝙣𝙜 𝙎𝙪𝙥𝙥𝙡𝙚𝙢𝙚𝙣𝙩𝙖𝙧𝙮 𝘿𝙤𝙘𝙪𝙢𝙚𝙣𝙩

Tandaan na sa ilalim ng Revenue Regulations No. 7-2024 ng BIR, ang mga katulad na supplementary document (Credit Memo) ay kailangang may naka-print na linyang: "THIS DOCUMENT IS NOT VALID FOR CLAIM OF INPUT TAX."

✔️𝙄-𝙙𝙚𝙙𝙪𝙘𝙩 𝙨𝙖 𝙞𝙣𝙮𝙤𝙣𝙜 𝙏𝙖𝙭 𝙍𝙚𝙩𝙪𝙧𝙣

I-report ang halagang ito bilang bawas sa iyong Gross Sales (Sales Returns and Allowances) sa susunod mong pag-file ng Quarterly Income Tax Return (BIR Form 1701Q/1702Q) o VAT/Percentage Tax Return para hindi mo na ito kailangang bayaran ng buwis.

Mahahalagang Paalala para sa Proteksyon mo:

✔️Ang mga Ebidensya

Itabi ang mga screenshot ng chat sa e-commerce platform (Shopee, Lazada, o TikTok), refund confirmation, at larawan o video ng sira o nadamage na produkto bilang patunay sa BIR kung sakaling magka-audit.

✔️Huwag Burahin o Sirain ang kopya ng Invoice

Panatilihing buo ang iyong kopya (Seller's copy) ng naisiyung invoice para sa iyong bookkeeping at huwag itong buburahin o babaguhin nang walang kaakibat na Credit Memo.

Legal Bases:

National Internal Revenue Code (Tax Code), Section 106(C)(2).

RR 7-2024 = https://share.google/SyixUpAkJLbqLWgJn

Republic Act No. 7394 (Consumer Act of the Philippines)

📣 Heads up, our dear taxpayers!

Please see attached copy of RMC No. 46-2026 issued on May 18, 2026 re: Procedures and Deadline Extension on the Submission of 2025 Audited Financial Statements and Other Attachments Through the Electronic Audited Financial Statement System/Submission Facility.

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act.”

“This is our ‘Ease of Closing Business’ reform,” Commissioner Charlito Martin R. Mendoza said. “In line with President Ferdinand R. Marcos Jr.’s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Go’s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.”

“From improving the ease of doing business and the ease of paying taxes, this reform completes the BIR’s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,” he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.

The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.

Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayer’s registered form types shall likewise be placed under “deregistered” status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.

In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

Read the full RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

𝗔𝗡𝗡𝗨𝗔𝗟 𝗜𝗡𝗖𝗢𝗠𝗘 𝗧𝗔𝗫 𝗥𝗘𝗧𝗨𝗥𝗡 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘 𝗠𝗢𝗩𝗘𝗗 𝗧𝗢 𝗠𝗔𝗬 𝟭𝟱, 𝟮𝟬𝟮𝟲

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 30-2026, extending the deadline to May 15, 2026 for the filing of 2025 Annual Income Tax Returns, payment of the corresponding taxes due thereon, and submission of required attachments.

“In line with the directive of President Ferdinand R. Marcos Jr., this extension is meant to make tax compliance easier for taxpayers at a time when many are managing added strain from the ongoing energy crisis,” Commissioner Charlito Martin R. Mendoza said.

Taxpayers may file through the BIR’s electronic filing platforms and pay electronically through available payment platforms, or manually through the nearest Authorized Agent Banks.

RMC No. 30-2026: https://tinyurl.com/RMC302026

PBBM: Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang May 15, 2026. Mas may oras ang bawat taxpayer na makapag-file nang maayos, kasama ang lahat ng kailangang dokumento, at walang ipapataw na penalties.

Maaaring mag-file at magbayad sa pamamagitan ng BIR electronic platforms, o sa mga Authorized Agent Banks.

Ginawa natin ito para mas magaan ang pagbabayad ng bawat Pilipino, lalo na sa panahong ramdam ang pagtaas ng presyo ng langis. Tuloy-tuloy ang ating ginagawa para maibsan ang bigat sa araw-araw na buhay ng ating mga kababayan.

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SEC EXEMPTS MICRO ENTERPRISES FROM SUBMITTING AUDITED FINANCIAL STATEMENT.

SEC aligning with the BIR threshold requirements.