Socobos Accounting and Taxation Services

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.

The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular (RMC) No. 6-2026, which provides an extension for filing tax returns and paying Value-Added Tax (VAT) due of Nonresident Digital Service Providers (NRDSPs).

The adjustment follows technical issues reported by users of the VAT on Digital Services (VDS) portal.

Tax obligations and returns originally due on January 25, 2026, may now be filed and paid until January 30, 2026.

Source: BIR website

Advisory from the Bureau of Internal Revenue (BIR)

Pursuant to Bank Bulletin No. 2026-01, the BIR has mandated all Authorized Agent Banks (AABs) to extend their services to accommodate taxpayers.

Key Schedule Updates for Taxpayers:

• Saturday Banking Operations: To facilitate tax payments, AABs will be open on March 28, 2026, and April 11, 2026.
• Black Saturday Notice: Please be advised that banks will remain closed on April 4, 2026, in observance of Black Saturday.
• Extended Daily Hours: From April 1 to April 15, 2026, AABs will extend their banking hours until 5:00 PM
• Payment Validation: While payments made on Saturdays will be reported as collections on the following working day, the machine validation on your deposit slip will reflect the actual date of payment.

We encourage everyone to plan their filings ahead of time to avoid the peak period rush.

Should you have any questions or concerns regarding tax filings, please feel free to reach out to us.

Source: BIR website

BIR Update: Revenue Memorandum Circular (RMC) No. 2-2026

Circularizing Memorandum Circular (MC) No. 111 dated December 18, 2025 of the Office of the President, Malacañang Palace

BIR SUSPENDS FIELD AUDITS AND OPERATIONS!

The Bureau of Internal Revenue (BIR) has just released Revenue Memorandum Circular (RMC) No. 107-2025, announcing a major suspension of audit operations.

If you have a pending Letter of Authority (LOA) or are worried about an upcoming audit, here is what you need to know about this new directive.

WHAT IS HAPPENING? Effective immediately, the BIR has ordered the suspension of all ongoing field audits and related field operations.

This covers the issuance of Letters of Authority (LOA), Mission Orders (MO), and the examination/verification of books of accounts and records.

WHY THE SUSPENSION? The BIR is conducting a comprehensive review of its policies to address systemic issues and protect taxpayers from irregular or intrusive audits. The goal is to develop a more transparent and standardized audit framework.

EXCEPTIONS (Operations that will CONTINUE) While general audits are paused, the BIR will still proceed with the following specific cases:

Prescribing Cases: Investigations of cases that will prescribe within six (6) months.

One-Time Transactions: Processing of Estate Tax, Donor’s Tax, Capital Gains Tax, and Withholding Tax on the sale of real properties or shares of stocks.

Retiring Businesses: Examinations required for business retirement/closure.

Criminal Probes: Active criminal investigations supported by intelligence reports or third-party data validation.

Tax Refunds: Claims where an LOA is required by law.

Deadlines: Matters with specific deadlines imposed by the Commissioner.

IMPORTANT REMINDERS

Collections Continue: The suspension only applies to audits. The issuance of Assessment Notices, Warrants, and Seizure Notices for established liabilities will continue.

Voluntary Payment: You can still voluntarily pay known deficiency taxes without needing approval.

The suspension remains in effect until officially lifted by the Commissioner.

Stay tuned to our page for more updates on how this affects your business compliance!

🥸 BIR Advisory: The updated software patch with the newly created Alphanumeric Tax Codes (ATCs) for Alphalist Data Entry Module version 7.4 is now available at the "Downloadables" section of the BIR Website.

👁️‍🗨️ BIR Update: Revenue Memorandum Order (RMO) No. 47-2025 provides assumption to duty of CHARLITO MARTIN R. MENDOZA as Commissioner of Internal Revenue.

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 91-2025 on the Clarification of Documentary Requirements for Business Registration Being Signed by the Assistant Corporate Secretary of a Corporation.

Under this new circular, the BIR will now accept Board Resolutions and Secretary's Certificates signed by the Assistant Corporate Secretary. This change aims to reduce administrative burden and streamline the submission of documentary requirements.

This update supersedes the stricter rule under RMC No. 74-2025, making business registration easier.

Source: BIR website

BIR Update: Revenue Regulations (RR) No. 24-2025 further amending the pertinent provisions of Section 2.57.2.(I) under RR No. 2-98, as amended by RR No. 11-2018, RR No. 7-2019 and RR No. 31-2020, on the imposition of Creditable Withholding Tax on Top Withholding Agents.

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 81-2025 dated September 3, 2025, reiterating the criteria and guidelines on deductibility of ordinary and necessary expenses under Sec. 34 (A)(1)(a) of the National Internal Revenue Code of 1997, as amended.

The circular has cited rulings and principles that provide a comprehensive framework for determining the deductibility of business expenses, essential for accurately reflecting the taxable income of organizations, trades or businesses.

Source: BIR website

Tax Advisory