VNG Bookkeeping

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

Tick-tock, tax clock. ⏰

Only 1 day left before the ITR 2025 filing deadline!

Tomorrow’s problem has a way of becoming today’s penalty, so let’s not give it the chance.

FILE NOW, BREATHE LATER.

Need help untangling the numbers?
Message us at VNG BOOKKEEPING.

Congratulations to our newest client, AMORE JTV, on your approved corporation status. 🎉🎊

Thank you for trusting VNG Bookkeeping with your end-to-end business registration. We’re truly grateful to be part of this meaningful milestone and wish you continued success ahead.

Two corporations approved this week, and we couldn’t be more grateful! 🎉

Thank you, Alkris Trading and Voxera CF, for putting your trust in us. Every approval is a reminder of why we do what we do—helping businesses move forward with confidence.

Wishing you continued success and a strong start ahead! 🙏❤️

The Bureau of Internal Revenue (BIR) has issued the following orders and circulars relative to the lifting the suspension of all tax audit and field operations previously imposed under RMC No. 107-2025.

👉 Revenue Memorandum Order (RMO) No. 1-2026

RMO No. 1-2026 prescribes the revised policies and procedures for tax audits following the lifting of the suspension previously imposed under RMC No. 107-2025.

Key highlights of the new guidelines include:

・Single-Instance Audit Framework: As a general rule, taxpayers will be subject to only one Electronic Letter of Authority (eLA) for a given taxable year, covering all applicable internal revenue tax types, including Value-Added Tax (VAT).

・Anonymized Selection and Assignment: To reduce discretion-related risks, the BIR is implementing an anonymized process where taxpayer identities remain concealed during the initial selection and officer assignment phases.

・Mandatory Audit Labels: Audit instruments must prominently display specific labels defining their scope: "Full Examination" for eLAs, "Limited Authority" for Mission Orders (MO), and "Limited Scope" for Tax Verification Notices (TVN).

・Standardized Audit Checklists: Revenue Officers are now required to use a standardized checklist of documents for all audits to minimize repetitive requests and ensure transparency.

・Integration of Task Forces: Audit functions previously performed by specialized task forces, such as the Run After Fake Transactions (RAFT) Task Force, are concluded and absorbed by regular BIR offices to align with the new framework.

・System-Assisted Selection: The issuance of new eLAs will be governed by system-assisted taxpayer selection based on objective risk parameters and centralized approval by the Commissioner.

These reforms aim to institutionalize transparency, uphold due process, and promote accountability across the tax assessment process.

👉 Revenue Memorandum Circular (RMC) No. 8-2026

Effective immediately, the Bureau will resume the issuance of Electronic Letters of Authority (eLAs), Mission Orders, and Tax Verification Notices. The resumption also includes the continuation and completion of audit cases that were previously stayed.

All resumed field operations and assessments must now comply with the revised policies, controls, and procedures prescribed under RMO No. 1-2026. This move marks the conclusion of the review of audit processes and the implementation of new internal control mechanisms for the Bureau.

Source: BIR website

Heads up, taxpayers! 📢
The threshold for De Minimis Benefits has been revised. Stay informed to ensure proper tax compliance and correct payroll reporting. 🙌

List of 2026 Business Permit Renewal Extensions in some LGUs & Cities of Cebu

👉 Cebu City (Extended until January 30, 2026)
👉 Mandaue City (Assessment is until January 25, 2026, payment is until January 30, 2026)
👉 Lapu Lapu City (Extended until January 30, 2026)
👉 Talisay City (Extended until February 27, 2026)
👉 Naga City (Extended until January 30, 2026)
👉 Cordova (Extended until January 30, 2026)
👉 Minglanilla (Extended until January 30, 2026)

Feel free to share updates from your respective BPLOs in the comment section below.

The Securities and Exchange Commission (SEC) announces the official launch of the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR). Effective January 30, 2026, all Beneficial Ownership Declaration (BOD) Pages must be submitted exclusively through this new registry.

Key Implementation Guidelines

👉 Mandatory Transition: Effective January 30, 2026, reporting entities must stop submitting beneficial ownership information via the General Information Sheet (GIS) and move to the web-based HARBOR system.

👉 Revised GIS Requirements: All active authorized eFAST filers must begin using the 2026 version of the GIS, which has been updated by removing the BOD Page.

👉 Filer Eligibility: Only active authorized eFAST filers are permitted to declare beneficial ownership information through HARBOR.

👉 Account Access: To access HARBOR, authorized filers must maintain an active eSECURE account.

This directive is issued for strict compliance pursuant to SEC Memorandum Circular (MC) No. 15, s. 2025.

Source: SEC website

The Securities and Exchange Commission (SEC) has released Memorandum Circular (MC) No. 4, s. 2026, amending the audit requirements for corporations to ease the regulatory burden on smaller businesses.

Key Takeaways

👉 New Audit Threshold: Only stock and non-stock corporations with total assets or total liabilities exceeding Three Million Pesos (₱3,000,000) are now required to file audited financial statements.
👉 Audit Exemption: Corporations with assets or liabilities at or below the ₱3,000,000 threshold are no longer required to submit audited financial statements.
👉 New Filing Requirement: Exempt corporations must instead submit unaudited financial statements accompanied by a Statement of Management's Responsibility (SMR) signed under oath.
👉 Authorized Signatories: For standard corporations, the SMR must be signed by the Chairman of the Board, the President or CEO, and the Treasurer or CFO. For One-Person Corporations (OPCs), the SMR must be signed by the President and the Treasurer.
👉 Signatory Accountability: Those signing the SMR assume full responsibility for the accuracy and truthfulness of the financial statements.
👉 Applicability: The new threshold applies to financial statements for fiscal years ending on or after December 31, 2025.
👉 Public Interest Entities (PIEs): The audit exemption threshold does not apply to PIEs, entities classified under Group A, B, or C, or those determined to be vested with public interest. These specific entities must still provide audited financial statements regardless of their total asset or liability size.

Source: SEC website