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📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝟮𝟬𝟮𝟱 𝗔𝗻𝗻𝘂𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 (𝗔𝗙𝗦)

The filing deadline for the 2025 Annual Financial Statements (AFS) and related reportorial requirements has been 𝗘𝗫𝗧𝗘𝗡𝗗𝗘𝗗. This follows the issuance of Revenue Memorandum Circular No. 30-2026 by the Bureau of Internal Revenue (BIR).

🗓️ Revised Deadlines:
• Annual Financial Statements of All Corporations: 𝗝𝘂𝗻𝗲 𝟭𝟱, 𝟮𝟬𝟮𝟲
• SEC Form 52-AR of Brokers & Dealers: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲
• Annual Reports (SEC Form 17-A) with AFS as attachment: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲

All corporations are reminded to ensure that submitted AFS are duly received by the BIR.

Read the full notice here: https://www.sec.gov.ph/notices-2026/extension-of-the-deadline-for-filing-of-2025-annual-financial-statements-afs/

𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘 📣

Please be guided of the following Tax Deadlines this April 2026. Avoid the Rush. 🇵🇭

𝐋𝐎𝐎𝐊 | Labor Advisory No. 05, series of 2026 – Payment of Wages for the Regular Holiday on 02 April 2026 (Maundy Thursday)

In observance of Maundy Thursday, a regular holiday, the Department of Labor and Employment (DOLE) reminds all employers to comply with Holliday pay rules.

For employees, this ensures that they are properly compensated during holiday, entitling them to receive 100% of their daily wage even if they do not report for work, provided they are present or on approved leave with pay on the workday immediately preceding the holiday. Those who report to work on holiday are entitled to 200% of their regular daily wage.

𝗕𝗜𝗥 𝗦𝗔𝗬𝗦 𝗖𝗥𝗢𝗦𝗦-𝗕𝗢𝗥𝗗𝗘𝗥 𝗦𝗘𝗥𝗩𝗜𝗖𝗘𝗦 𝗡𝗢𝗧 𝗔𝗨𝗧𝗢𝗠𝗔𝗧𝗜𝗖𝗔𝗟𝗟𝗬 𝗧𝗔𝗫𝗔𝗕𝗟𝗘 𝗜𝗡 𝗣𝗛

The Bureau of Internal Revenue (BIR) has issued a revenue memorandum circular (RMC) clarifying that income from cross-border services are not automatically subject to Philippine income tax, setting clearer guidelines for how such transactions should be assessed for income tax purposes.

The BIR’s RMC No. 024-2026 sets guidance on the proper application of earlier issuances following the Supreme Court (SC) ruling in Aces Philippines Cellular Satellite Corporation v. Commissioner of Internal Revenue, amid concerns that the rules were being applied beyond their intended scope.

As a general rule, income from services is taxed where the service is performed. While the SC ruling allows consideration of where the benefit of the service is enjoyed, or where the economic activity occurs, the BIR stressed that taxability must still be determined based on the specific facts of each case.

The circular directs revenue officers to assess service agreements as a whole and cautions against isolating a single activity as the sole basis for taxation. Any tax assessment must clearly state its legal and factual basis, in line with Section 228 of the Tax Code.

To support compliance, the BIR outlined documents that taxpayers may present during audits to show that services were performed outside the Philippines, including service contracts, proof of foreign performance, and tax residency certificates.

The issuance also clarifies that taxpayers are not required to secure a prior BIR ruling to claim the proper tax treatment of cross-border transactions, provided they can substantiate their position during assessment.

BIR Commissioner Charlito Martin R. Mendoza said the circular aims to ensure more consistent and fair application of tax rules.

“The circular ensures that both revenue officers and taxpayers apply the rules on cross-border services in line with law and jurisprudence. It reinforces our commitment to fair enforcement while providing clear guidance to taxpayers,” Mendoza said.

https://www.bir.gov.ph/2026-Revenue-Memorandum-Circulars

Let’s be real — payroll isn’t just about computing salaries.
It’s about staying compliant, hitting deadlines, managing deductions, and filing reports on time.

That’s why we’re here.
At LFM, we take the payroll load off your plate — so you can focus on running your business (and maybe breathe a little easier 😌

We handle:
🧾 Payroll computation & disbursement
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📅 Timekeeping integration
💬 And more.

We get it done — accurately, on time, and stress-free.

👉 Send us a message now!

📱 +63 977 235 6543
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Here are the tax deadlines for the month of April! Stay informed, file on time, and avoid penalties by settling your tax obligations within the prescribed due dates.

View the BIR's Interactive Tax Calendar on the BIR website through this link: https://tinyurl.com/2026BIRTaxCalendar

SSS to explore loan moratorium and penalty condonation to ease economic burdens

The Social Security System (SSS) said that it is actively studying the feasibility of offering a loan moratorium for members and a condonation program for contribution penalties for employers as relief measures amid economic challenges.

SSS President and Chief Executive Officer Robert Joseph M. de Claro said these measures aim to provide immediate relief to SSS members and employers struggling with financial difficulties, ensuring they can continue to access vital benefits without an added burden.

Read more: https://www.sss.gov.ph/news-and-updates/sss-to-explore-loan-moratorium-and-penalty-condonation-to-ease-economic-burdens/

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