BGC and CO. CPA's

𝚁𝚊𝚒𝚗𝚢 𝚜𝚔𝚒𝚎𝚜, 𝚜𝚕𝚘𝚠𝚎𝚛 𝚍𝚊𝚢𝚜, 𝚊𝚗𝚍 𝚝𝚒𝚖𝚎 𝚝𝚘 𝚛𝚎𝚌𝚑𝚊𝚛𝚐𝚎. 🌧️🌿

Remember, rest is not a pause from progress—it’s part of the journey. Take this weekend to breathe, reset, and appreciate how far you’ve come.

𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙚𝙫𝙚𝙧𝙮𝙤𝙣𝙚 𝙖 𝙥𝙚𝙖𝙘𝙚𝙛𝙪𝙡, 𝙧𝙚𝙨𝙩𝙛𝙪𝙡, 𝙖𝙣𝙙 𝙧𝙚𝙛𝙧𝙚𝙨𝙝𝙞𝙣𝙜 𝙬𝙚𝙚𝙠𝙚𝙣𝙙! 💙☔

𝗕𝗜𝗥 𝗣𝗥𝗘𝗣𝗔𝗥𝗘𝗦 𝗩𝗔𝗧 𝗥𝗘𝗠𝗢𝗩𝗔𝗟 𝗢𝗡 𝗔𝗟𝗟𝗢𝗪𝗔𝗕𝗟𝗘 𝗦𝗬𝗦𝗧𝗘𝗠 𝗟𝗢𝗦𝗦 𝗖𝗛𝗔𝗥𝗚𝗘 𝗧𝗢 𝗛𝗘𝗟𝗣 𝗟𝗢𝗪𝗘𝗥 𝗘𝗟𝗘𝗖𝗧𝗥𝗜𝗖𝗜𝗧𝗬 𝗕𝗜𝗟𝗟𝗦

BIR Commissioner Charlito Martin R. Mendoza announced that the Bureau of Internal Revenue is preparing the issuance that will remove the Value-Added Tax (VAT) on the allowable system loss charge in electricity bills, in line with President Ferdinand R. Marcos Jr.’s directive to review and clarify tax rules that can provide immediate relief to consumers.

The BIR will issue the corresponding Revenue Memorandum Circular after the lapse of fifteen (15) days from the publication of Energy Regulatory Commission (ERC) Resolution No. 26, Series of 2026, which classifies the system loss charge as a government-mandated pass-through cost.

“As Finance Secretary Frederick Go has consistently guided us, our reforms should deliver results that people can immediately feel. When there is a clear basis under the law to provide tax relief, we should act on it. We are preparing the BIR issuance now so that after the required period has lapsed, we can immediately implement the VAT removal and pass the benefit on to electricity consumers,” Commissioner Mendoza said.

Under ERC Resolution No. 26, Series of 2026, the allowable system loss charge is treated as a cost recovered through electricity bills rather than income earned by generation companies, the National Grid Corporation of the Philippines (NGCP), and distribution utilities.

“In simple terms, consumers should not be paying VAT on electricity that never actually reaches their homes or businesses. A pass-through charge is a cost collected from consumers and passed on to the proper recipient. Removing VAT from that charge means a lower amount will be passed on to electricity consumers,” Commissioner Mendoza said.

The forthcoming issuance builds on earlier BIR action clarifying the tax treatment of government-mandated electricity charges. Under RMC No. 60-2026 released in June, the BIR clarified that the Lifeline Subsidy, Green Energy Auction Allowance, and other specified government-mandated charges are not subject to output VAT and related creditable withholding taxes.

“We will continue reviewing our tax rules for areas where their proper application can provide practical relief to taxpayers. Where the law allows it, we want that relief to be clear, immediate, and felt by our people,” Commissioner Mendoza said.

🌞 𝐆𝐨𝐨𝐝 𝐦𝐨𝐫𝐧𝐢𝐧𝐠, 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞!

A new month brings a fresh opportunity to reset, refocus, and keep moving forward. Let’s make the most of the days ahead and celebrate every little progress along the way. 💙

𝐻𝑎𝑝𝑝𝑦 𝑆𝑒𝑝𝑡𝑒𝑚𝑏𝑒𝑟, 𝑒𝑣𝑒𝑟𝑦𝑜𝑛𝑒! 𝐻𝑎𝑣𝑒 𝑎 𝑔𝑟𝑒𝑎𝑡 𝑎𝑛𝑑 𝑝𝑟𝑜𝑑𝑢𝑐𝑡𝑖𝑣𝑒 𝑤𝑒𝑒𝑘! 🌟

𝑯𝒂𝒑𝒑𝒚 𝑳𝒐𝒏𝒈 𝑾𝒆𝒆𝒌𝒆𝒏𝒅!

𝐸𝑛𝑗𝑜𝑦 𝑡ℎ𝑒 𝑒𝑥𝑡𝑟𝑎 𝑑𝑎𝑦𝑠, 𝑚𝑎𝑘𝑒 𝑔𝑜𝑜𝑑 𝑚𝑒𝑚𝑜𝑟𝑖𝑒𝑠, 𝑎𝑛𝑑 𝑡𝑎𝑘𝑒 𝑡𝑖𝑚𝑒 𝑡𝑜 𝑟𝑒𝑐ℎ𝑎𝑟𝑔𝑒. 𝑌𝑜𝑢 𝑑𝑒𝑠𝑒𝑟𝑣𝑒 𝑖𝑡!

𝐇𝐎𝐋𝐈𝐃𝐀𝐘 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘 - 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐇𝐄𝐑𝐎𝐄𝐒 𝐃𝐀𝐘

Please be advised that all 𝑩𝑮𝑪 𝑨𝑵𝑫 𝑪𝑶 𝑪𝑷𝑨𝑺 𝑩𝒓𝒂𝒏𝒄𝒉 𝑶𝒇𝒇𝒊𝒄𝒆𝒔 will be 𝐜𝐥𝐨𝐬𝐞𝐝 𝐨𝐧 𝐌𝐨𝐧𝐝𝐚𝐲, 𝐀𝐮𝐠𝐮𝐬𝐭 𝟑𝟏, 𝟐𝟎𝟐𝟔 in observance of 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐇𝐞𝐫𝐨𝐞𝐬 𝐃𝐚𝐲.

"𝑊𝑒 𝑒𝑥𝑡𝑒𝑛𝑑 𝑜𝑢𝑟 𝑔𝑟𝑎𝑡𝑖𝑡𝑢𝑑𝑒 𝑡𝑜 𝑡ℎ𝑒 ℎ𝑒𝑟𝑜𝑒𝑠 𝑤ℎ𝑜 𝑏𝑟𝑎𝑣𝑒𝑙𝑦 𝑓𝑜𝑢𝑔ℎ𝑡 𝑓𝑜𝑟 𝑡ℎ𝑒 𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑦 𝑎𝑛𝑑 𝑑𝑖𝑔𝑛𝑖𝑡𝑦 𝑜𝑓 𝑜𝑢𝑟 𝑛𝑎𝑡𝑖𝑜𝑛."

Regular operations will resume on 𝐓𝐮𝐞𝐬𝐝𝐚𝐲, 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟎𝟏, 𝟐𝟎𝟐𝟔.

Thank you, and may we continue to honor the courage, sacrifices, and contributions of our Filipino heroes.

📢 𝗕𝗜𝗥 𝗨𝗽𝗱𝗮𝘁𝗲

𝗥𝗠𝗢 𝗡𝗼. 𝟮𝟮-𝟮𝟬𝟮𝟲

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 22-2026, which prescribes the Consolidated and Revised Policies, Guidelines and Procedures for the BIR Audit Program.

📌 This issuance provides updated policies and procedures governing the conduct and administration of BIR tax audits.

For taxpayers and tax professionals, understanding these revised audit guidelines is important in ensuring proper compliance and preparedness during a BIR examination.

💡 𝗧𝗮𝘅𝗖𝗼𝗺𝗳𝘆 𝗧𝗶𝗽:
Always maintain complete and organized accounting records and supporting documents. Proper documentation remains one of the best ways to prepare for a BIR audit.

The Bureau of Internal Revenue (BIR) is subjecting its tax investigators to a second tier of scrutiny, introducing a revalidation process to eliminate calculation errors and enforce legal compliance across all assessment issuances.

Read the full article in the comments section below.

𝐇𝐚𝐩𝐩𝐲 𝐌𝐨𝐧𝐝𝐚𝐲! ☀️

"𝐴𝑙𝑜𝑛𝑒 𝑤𝑒 𝑐𝑎𝑛 𝑑𝑜 𝑠𝑜 𝑙𝑖𝑡𝑡𝑙𝑒; 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟 𝑤𝑒 𝑐𝑎𝑛 𝑑𝑜 𝑠𝑜 𝑚𝑢𝑐ℎ." — 𝐻𝑒𝑙𝑒𝑛 𝐾𝑒𝑙𝑙𝑒𝑟

Whatever challenges come our way this week, we have another opportunity to learn, improve, and move forward together.

𝓗𝓪𝓹𝓹𝔂 𝓛𝓸𝓷𝓰 𝓦𝓮𝓮𝓴𝓮𝓷𝓭, 𝓮𝓿𝓮𝓻𝔂𝓸𝓷𝓮! ☀️

𝚃𝚊𝚔𝚎 𝚊 𝚠𝚎𝚕𝚕-𝚍𝚎𝚜𝚎𝚛𝚟𝚎𝚍 𝚋𝚛𝚎𝚊𝚔, 𝚌𝚊𝚝𝚌𝚑 𝚞𝚙 𝚘𝚗 𝚜𝚘𝚖𝚎 𝚛𝚎𝚜𝚝, 𝚎𝚗𝚓𝚘𝚢 𝚐𝚘𝚘𝚍 𝚏𝚘𝚘𝚍, 𝚊𝚗𝚍 𝚖𝚊𝚔𝚎 𝚝𝚒𝚖𝚎 𝚏𝚘𝚛 𝚝𝚑𝚎 𝚙𝚎𝚘𝚙𝚕𝚎 𝚠𝚑𝚘 𝚖𝚊𝚝𝚝𝚎𝚛. 𝚆𝚑𝚊𝚝𝚎𝚟𝚎𝚛 𝚢𝚘𝚞𝚛 𝚙𝚕𝚊𝚗𝚜 𝚊𝚛𝚎, 𝚜𝚝𝚊𝚢 𝚜𝚊𝚏𝚎 𝚊𝚗𝚍 𝚎𝚗𝚓𝚘𝚢 𝚎𝚟𝚎𝚛𝚢 𝚖𝚘𝚖𝚎𝚗𝚝.🚙

DOLE, NAGLABAS NG GUIDELINES SA SUSPENSYON NG TRABAHO SA PRIVATE SECTOR

READ: Naglabas ang Department of Labor and Employment (DOLE) ng mga panuntunan para sa pagsususpinde ng trabaho sa pribadong sektor kapag may masamang panahon o iba pang katulad na sitwasyong maaaring magdulot ng panganib sa mga manggagawa.

Layunin ng guidelines na makatulong sa mga employer at empleyado sa pagdedesisyon tungkol sa pagsususpinde o pagpapatuloy ng trabaho habang may weather disturbances at iba pang emergency situations.

📸 Department of Labor and Employment/Facebook