Greenpoint Consultancy

📣 Tax Update Alert!

✅ Key Points
• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activities are considered "winnings" and are subject to final withholding tax.
• The tax is computed based on the gross amount of winnings, without deductions for fees, commissions, or similar charges.
• Applicable final withholding tax rates:
20% for resident citizens, resident aliens, and non-resident citizens
25% for non-resident aliens not engaged in trade or business in the Philippines
• Gaming operators and withholding agents are responsible for properly withholding and remitting the applicable taxes.

✅ Who's Impacted?
Individuals receiving jackpot prizes or gambling winnings, casinos, gaming operators, and withholding agents.

✅ What Actions Should Be Taken?
• Review withholding procedures for jackpot prizes and gambling winnings. • Ensure correct tax rates are applied based on taxpayer classification. • Verify that taxes are computed on gross winnings. • Strengthen compliance controls to avoid penalties and sanctions.

📝 For full reference, refer to the official issuance published by the BIR:
👉 https://f.mtr.cool/eyflemumnw

📣 Tax Update Alert!

✅ Key Points
• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activities are considered "winnings" and are subject to final withholding tax.
• The tax is computed based on the gross amount of winnings, without deductions for fees, commissions, or similar charges.
• Applicable final withholding tax rates:
20% for resident citizens, resident aliens, and non-resident citizens
25% for non-resident aliens not engaged in trade or business in the Philippines
• Gaming operators and withholding agents are responsible for properly withholding and remitting the applicable taxes.

✅ Who's Impacted?
Individuals receiving jackpot prizes or gambling winnings, casinos, gaming operators, and withholding agents.

✅ What Actions Should Be Taken?
• Review withholding procedures for jackpot prizes and gambling winnings. • Ensure correct tax rates are applied based on taxpayer classification. • Verify that taxes are computed on gross winnings. • Strengthen compliance controls to avoid penalties and sanctions.

📝 For full reference, refer to the official issuance published by the BIR:
👉 https://f.mtr.cool/ujvhiduydo

📣 Tax Update Alert!

✅ Key Points
• RMC No. 53-2026 announces the availability of the BIR Taxpayer Portal and its pilot implementation for taxpayers registered under the Large Taxpayers Service (LTS).
• The Taxpayer Portal is a secured digital platform that provides taxpayers with centralized online access to their tax information and related services.
• Through the portal, enrolled taxpayers may:
1. View taxpayer registration information;
2. Monitor the status of filed tax returns per tax type/form type;
3. Track tax payments;
4. View account ledger per tax type/form type; and
5. Receive system-generated notifications and tax reminders.
• The BIR stated that the platform is intended to reduce manual follow-ups and in-person visits to BIR offices while supporting the Bureau’s digital transformation initiatives.
• The pilot implementation for LTS taxpayers is intended to support the gradual rollout of the system to other taxpayer categories after operational readiness is established.
• Taxpayers needing enrollment assistance or experiencing technical issues are advised to coordinate with their concerned Large Taxpayers Office/Division.

✅ Who’s Impacted?
Large taxpayers registered under the BIR Large Taxpayers Service (LTS) participating in the pilot implementation of the Taxpayer Portal.

✅ What Actions Should Be Taken?
• Coordinate with the concerned LTS Office/Division regarding enrollment in the Taxpayer Portal.
• Familiarize relevant personnel with the portal’s functionalities for monitoring filings, payments, and account ledgers.
• Coordinate with the BIR for technical or account-related concerns affecting portal access.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2053-2026.pdf

📣 Tax Update Alert!
✅ Key Points
• RMC No. 47-2026 prescribes simplified and streamlined guidelines and procedures for the closure and/or cancellation of business registration with the Bureau of Internal Revenue (BIR).
• The Circular applies to:
o Individual taxpayers and professionals;
o Corporations, partnerships, cooperatives, and other juridical entities;
o Estates, trusts, GOCCs, GFIs, and government entities; and
o Micro, Small, Medium, and Large taxpayers.
• Applications for closure and/or cancellation of business registration may be filed:
o Electronically through the taxpayer’s registered email, the TRRA Portal, or ORUS; or
o Manually with the concerned Revenue District Office (RDO).
• The following documentary requirements are prescribed:
1) BIR Form No. 1905 (2 original copies)
2) Inventory list of unused goods/supplies and capital goods for VAT taxpayers
3) Unused invoices and supplementary documents with inventory thereof
4) Original BIR notices and permits (e.g., COR, Authority to Print, Permit to Use, EIS Permit)
5) Additional authorization documents for representatives or estates, where applicable

• Taxpayers must file all final or short-period tax returns up to the date of closure and settle all applicable tax liabilities.
• Micro taxpayers with gross sales not exceeding ₱3,000,000 or gross assets not exceeding ₱8,000,000 upon retirement may receive Tax Clearance within three (3) working days, provided there are no open cases or liabilities.
• Taxpayers who cease operations without formally cancelling their business registration with the BIR shall continue to be liable for filing obligations, taxes, and penalties until the cancellation process is completed.

✅ Who’s Impacted?
All taxpayers registered with the BIR intending to permanently cease business operations or apply for closure and/or cancellation of business registration.

✅ What Actions Should Be Taken?
• Prepare and submit complete documentary requirements for business closure/cancellation.
• File all final or short-period tax returns and settle any outstanding liabilities.
• Ensure proper completion of the BIR cancellation process to avoid continuing compliance obligations and penalties.
• Taxpayers with pending audits should coordinate with the BIR before closure/cancellation can be finalized.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

📣 Tax Update Alert! — RMC No. 46-2026

✅ Key Points
Extends the deadline for the submission of 2025 Audited Financial Statements (AFS) and other attachments through the Electronic Audited Financial Statements (eAFS) System.
Taxpayers who were unable to successfully submit their AFS and attachments on or before May 15, 2026 due to eAFS system-related issues may submit the same until May 25, 2026 without penalties arising solely from the delayed submission.
The extension applies only to the submission of AFS and related attachments through the eAFS facility and does not extend the deadline for filing the Annual Income Tax Return (AITR).
Taxpayers who already submitted their AFS and attachments through the prescribed contingency procedures on or before May 15, 2026 and received acknowledgment from the concerned BIR office shall be considered compliant with the eAFS attachment submission requirements.
All submissions remain subject to BIR validation and verification, and the BIR may require re-uploading through the eAFS facility or submission of additional documents or hard copies when necessary.

✅ Who’s Impacted?
Taxpayers required to submit Audited Financial Statements (AFS) and attachments through the eAFS System
Corporations and entities filing Annual Income Tax Returns with attached AFS
Revenue District Offices (RDOs), Large Taxpayers Offices, and other concerned BIR offices handling submissions

✅ What Actions Should Be Taken?
Ensure submission of AFS and attachments no later than May 25, 2026 if affected by eAFS system issues.
Keep acknowledgment emails and proof of submission for contingency filings.
Prepare for possible re-uploading of documents through the eAFS facility if required by the BIR.
Continue complying with all AITR filing deadlines, as these were not extended.

📝 For full reference, refer to the official issuance published by the BIR.

📣 Tax Update Alert!

✅ Key Points
• Mandatory Online Display of Registration: All taxpayers engaged in online business, e-commerce, or digital services must visibly display proof of BIR registration on their websites, platforms, or profiles.
• Introduction of BIR Registration Seal Badge: A new BIR Registration Seal Badge (Annex A) will be issued as an alternative to posting the COR/eCOR, addressing concerns on sensitive information disclosure.
• Free Issuance via ORUS: The Seal Badge is issued free of charge, either manually or electronically via the Online Registration and Update System (ORUS).
• QR Code Integration: Both the COR/eCOR and the Seal Badge will contain a QR Code for real-time verification of taxpayer registration via scanning.
• Optional Update of Existing COR/eCOR: Taxpayers are not required to replace existing COR/eCOR without QR codes but are encouraged to update them to obtain the Seal Badge.
• This issuance outlines business classifications for online activities and specifies where the BIR Registration Seal Badge must be displayed across various digital platforms.

✅ Who’s Impacted?
All taxpayers engaged in:
• Online selling of goods or services
• E-commerce and digital platforms
• Content creation and monetized digital activities (e.g., vloggers, influencers, freelancers)
• Businesses with online presence

✅ What Actions Should Be Taken?
• Secure a BIR Registration Seal Badge via ORUS or the Revenue District Office
• Ensure proper posting of the Seal Badge on all applicable online platforms
• Confirm PSIC/PSOC codes are properly registered and reflected in COR/eCOR
• Use and maintain QR-enabled COR/eCOR or Seal Badge for verification
• Follow Annex B guidelines for proper badge display and formatting

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20NO.%2038-2026.pdf

📣 Tax Update Alert!

✅ Key Points
• The deadline for filing the 2025 Annual Income Tax Returns (AITR) has been extended from April 15, 2026 to May 15, 2026.
• The extension also applies to the payment of taxes due and the submission of required attachments.
• This extension is granted without the imposition of penalties.
• The issuance is in response to Executive Order No. 110, s. 2026, declaring a State of National Energy Emergency.
• Taxpayers are encouraged to use BIR electronic filing (eFPS/eBIRForms) and electronic payment platforms, or pay manually through Authorized Agent Banks (AABs).
• Payments may be made to any AAB regardless of Revenue District Office jurisdiction.

✅ Who’s Impacted?
All taxpayers required to file 2025 Annual Income Tax Returns, including individuals, corporations, and other juridical entities.

✅ What Actions Should Be Taken?
• File the 2025 AITR on or before May 15, 2026.
• Ensure full payment of taxes due within the extended deadline.
• Submit all required attachments accordingly.
• Utilize electronic filing and payment channels where possible for convenience and compliance.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2030-2026.pdf

Araw ng Kagitingan (Day of Valor) is a time to honor the courage, sacrifice, and resilience of the Filipino heroes who fought for our freedom, particularly during World War II. It reminds us of the strength of unity and the enduring spirit of bravery in the face of adversity.

Today, we remember their legacy and carry forward the values they stood for.

Wishing everyone a meaningful Araw ng Kagitingan!

Easter is a celebration of hope, renewal, and new beginnings.

Wishing everyone a joyful and meaningful Easter. 🌿✝️

📣 Tax Update Alert!

✅ Key Points
• Clarifies the proper application of RMC No. 5-2024 and RMC No. 38-2024 on the tax treatment of cross-border services, aligning with the Supreme Court ruling in Aces Philippines Cellular Satellite Corp. vs. CIR.
• Cross-border services are not automatically subject to Philippine income tax; taxability depends on whether the source of income is within the Philippines.
• The “source of income” test requires identifying the activity or service that generated economic benefit and where such benefit is realized.
• Revenue Officers must evaluate the entire service agreement, not isolated components, and establish key elements such as parties, income-producing activity, situs, and absence of exemptions.
• Taxpayers bear the burden of proof to show that income is sourced outside the Philippines and may present supporting documents (e.g., contracts, invoices, tax residency certificates, proof of remittance).
• A BIR ruling is not mandatory to confirm taxability or non-taxability, provided sufficient legal and factual basis is established during audit.

✅ Who’s Impacted?
• Philippine taxpayers engaging non-resident service providers
• Multinational companies and entities involved in cross-border service transactions
• BIR Revenue Officers conducting tax assessments

✅ What Actions Should Be Taken?
• Review cross-border service arrangements to determine true source of income based on actual service performance and benefit realization.
• Ensure proper documentation is maintained to support claims of non-Philippine sourced income.
• Evaluate whether transactions qualify for tax treaty relief or exemptions.
• Prepare to substantiate tax positions during audits without relying solely on prior BIR rulings.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2024-2026.pdf