AE Tax and Accounting Services

𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘: 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐕𝐀𝐓 𝐟𝐨𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝐑𝐌𝐂 𝐍𝐨. 𝟎𝟓𝟗-𝟐𝟎𝟐𝟔)

The Bureau of Internal Revenue has issued Revenue Memorandum Circular (RMC) No. 059-2026, providing further technical clarifications on the implementation of Republic Act No. 12023.

This issuance serves to refine the provisions of Revenue Regulations No. 3-2025, ensuring the standardized application of Value-Added Tax on digital service providers. It addresses critical amendments to the National Internal Revenue Code regarding registration, filing, and compliance obligations for the digital sector.

We encourage all stakeholders to review these guidelines to ensure continued alignment with the latest regulatory framework.

Source: BIR Website
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2059-2026.pdf

𝗦𝗖𝗔𝗠 𝗔𝗟𝗘𝗥𝗧: 𝗙𝗿𝗮𝘂𝗱𝘂𝗹𝗲𝗻𝘁 𝗕𝗜𝗥 𝗠𝗲𝘀𝘀𝗮𝗴𝗲𝘀

The Bureau of Internal Revenue warns the public against deceptive messages circulating on various messaging platforms regarding a fake tax refund program. Impostors pretending to be government staff are sending links to fraudulent websites designed to steal your personal and financial information. Please be advised that the bureau does not use ordinary mobile numbers or chat applications to issue official refunds.

Do not click any links, reply to these senders, or provide personal data. Legitimate tax processes are handled strictly through official government channels and your local Revenue District Office.

For verified updates and to report suspicious activity, please visit our official website or call the BIR Customer Assistance Division at (02) 8538-3200.

🚨 𝗣𝗨𝗕𝗟𝗜𝗖 𝗔𝗗𝗩𝗜𝗦𝗢𝗥𝗬: 𝗕𝗜𝗥 𝗘𝗫𝗧𝗘𝗡𝗗𝗦 𝗲𝗔𝗙𝗦 𝗦𝗨𝗕𝗠𝗜𝗦𝗦𝗜𝗢𝗡 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘 𝗧𝗢 𝗠𝗔𝗬 𝟮𝟱! 🚨

Did you experience technical difficulties during the recent tax filing season? The Bureau of Internal Revenue (BIR) has just issued Revenue Memorandum Circular No. 46-2026, officially extending the deadline for the submission of 2025 Audited Financial Statements (AFS) and other mandatory attachments via the eAFS facility!

Here are the key details you need to know:

📅 𝗡𝗲𝘄 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲:
✔️ You now have until May 25, 2026 to submit your documents.
✔️ Penalties arising solely from delayed attachment submissions during this period are waived.

👥 𝗪𝗵𝗼 𝗗𝗼𝗲𝘀 𝗧𝗵𝗶𝘀 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗔𝗽𝗽𝗹𝘆 𝗧𝗼?
This administrative relief is strictly for:
✔️ Taxpayers who could not successfully upload their 2025 AFS and attachments via eAFS on or before May 15, 2026, due to system issues.
✔️ Taxpayers who used the contingency email submission route on or before May 15, 2026, but have not yet received an official email acknowledgment.

✅ 𝗔𝗹𝗿𝗲𝗮𝗱𝘆 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗔𝗻 𝗔𝗰𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗺𝗲𝗻𝘁?
If you submitted via the contingency email by May 15 and already received an official email acknowledgment from your BIR office, you are considered fully compliant! You are not required to resubmit through eAFS, though you may voluntarily do so.

⚠️ 𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧 𝗥𝗘𝗠𝗜𝗡𝗗𝗘𝗥:
This extension only covers the submission of the AFS and attachments through the eAFS platform. It does NOT extend the statutory deadline for the filing and payment of the Annual Income Tax Return (AITR) itself.

Don't miss this extended window to complete your requirements! 💻📂

𝗣𝗨𝗕𝗟𝗜𝗖 𝗔𝗗𝗩𝗜𝗦𝗢𝗥𝗬 : 𝗕𝗜𝗥 𝗘𝗫𝗧𝗘𝗡𝗗𝗦 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘 𝗙𝗢𝗥 𝗘𝗔𝗙𝗦 𝗦𝗨𝗕𝗠𝗜𝗦𝗦𝗜𝗢𝗡𝗦 𝗨𝗡𝗧𝗜𝗟 𝗠𝗔𝗬 𝟮𝟱

The Bureau of Internal Revenue (BIR) has announced that it is extending the deadline for the submission of the 2025 Audited Financial Statements (AFS) and other mandatory attachments through the Electronic Audited Financial Statements (eAFS) facility until May 25, 2026.

The extension was finalized through Revenue Memorandum Circular No. 46-2026 to provide administrative relief to taxpayers who encountered eAFS system-related technical issues during the recently concluded 2025 Annual Income Tax Return (AITR) filing season.

Under this issuance, penalties arising solely from delayed attachment submissions during this period are waived.

The extension until May 25, 2026, strictly applies to the following taxpayers:

1. Those who were unable to successfully upload their 2025 AFS and attachments through the eAFS platform on or before May 15, 2026, due to system-related issues; and

2. Those who utilized the contingency email submission route on or before May 15, 2026, but have not yet received an official email acknowledgment receipt from their concerned BIR office.

Taxpayers who submitted their attachments through the prescribed contingency email procedure on or before May 15, 2026, and have already received an email acknowledgment from their concerned BIR office, are considered fully compliant.

They are not required to resubmit via the eAFS facility, though they may still choose to do so voluntarily.

The BIR clarified that this extension applies only to the submission of the AFS and related attachments through the eAFS facility. It does not extend the statutory deadline for the filing and payment of the Annual Income Tax Return (AITR) itself.

The full copy of the guidelines can be accessed through this link:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2046-2026.pdf

📢 𝗠𝗔𝗝𝗢𝗥 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦! 🏢✨

Great news for entrepreneurs and business owners! Following the implementation of the Ease of Paying Taxes Act (RA 11976), the Bureau of Internal Revenue (BIR) has just issued Revenue Memorandum Circular (RMC) No. 47-2026 to completely simplify tax registration cancellation and business closure.

Here is what you need to know about this massive reform:

🚀 𝗧𝗮x 𝗖𝗹𝗲𝗮𝗿𝗮𝗻𝗰𝗲 𝗶𝗻 𝗮𝘀 𝗳𝗮𝘀𝘁 𝗮𝘀 𝟯 𝗗𝗮𝘆𝘀!
✔️ Micro taxpayers with no open cases or outstanding liabilities will now receive their tax clearance within three (3) working days from the submission of complete documents.

📑 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗲𝗱 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗰𝗲𝘀𝘀
✔️ Applications can now be submitted either manually or electronically through your respective Revenue District Office (RDO).
✔️ Documentary requirements have been streamlined. Aside from the basic application and original BIR registration documents, you only need to submit:

1.A list of ending inventory of goods/supplies (and capital goods for VAT taxpayers).

2.Unused invoices, supplementary documents, and unutilized accounting forms.

🛑 𝗡𝗼 𝗠𝗼𝗿𝗲 𝗔𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗶𝗻𝗴 𝗣𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀
✔️ Penalties for non-filing will automatically stop accruing once complete documentary requirements are submitted.
✔️ Registered form types will be immediately shifted to a "deregistered" status to prevent open cases from piling up.

🔍 𝗔𝘂𝗱𝗶𝘁 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗠𝗶𝗰𝗿𝗼 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀
✔️ Micro taxpayers are now exempt from mandatory audits for closure or cancellation of business registration

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

📢 𝐁𝐈𝐑 𝐔𝐏𝐃𝐀𝐓𝐄 | 𝐑𝐌𝐂 𝐍𝐨. 𝟐𝟎-𝟐𝟎𝟐𝟔

Revenue Memorandum Circular (RMC) No. 20-2026 provides the guidelines for the filing of Annual Income Tax Returns and the payment of corresponding taxes for Calendar Year 2025.

Full Text: bir-cdn.bir.gov.ph/BIR/pdf/RMC%2020-2026.pdf
Annex A:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2020-2026%20Annex%20A%20(6).pdf
Annex B:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2020-2026%20Annex%20B%20(Colored).pdf
Annex C:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2020-2026%20Annex%20C%20(3).pdf
Annex D:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2020-2026%20Annex%20D%20(2).pdf

PESO-DOLLAR CLOSING RATE (25 FEBRUARY 2026)