MPG Tax and Accounting Services

📌 MAY COR KA NA… PERO HINDI KA PA COMPLIANT.

Registered ka na ba as a business? Good start. Pero registration is only one part of tax compliance. 👀

As a business owner, may iba pang requirements na kailangan bantayan:

📄 File your tax returns
💰 Pay taxes on time
🧾 Issue proper invoices
📚 Maintain proper books and accounting records
✅ Comply with other applicable BIR requirements

Hindi porke registered na, compliant na agad. Missing even one requirement can lead to penalties, interest, or unnecessary tax problems later on.

💡 Stay informed. Stay compliant.

Need help with your tax and accounting compliance?
📩 Send us a message.

ONLINE SELLER KA? BAKA TAXPAYER KA NA. 👀

Nagbebenta ka ba sa Facebook, TikTok, Shopee, Lazada, o iba pang online platforms? Hindi porke’t online ang negosyo, ibig sabihin ay exempted na sa tax obligations.

Kung regular at kumikita na ang iyong online selling activity, maaaring may BIR registration, invoicing, bookkeeping, at tax filing obligations ka na.

💡 Online business is still a business.
Mas mabuting maging compliant kaysa maabutan ng penalties at tax problems.

Ikaw ba ay online seller? Registered ka na ba sa BIR?
👇 Share your experience or questions in the comments!

📅 BIR DEADLINE REMINDER

Mark your calendar! The following BIR forms are due on September 10, 2026:

📌 BIR Form 1601-C
Monthly Remittance Return of Income Taxes Withheld on Compensation

📌 BIR Form 0619-E
Monthly Remittance Form for Expanded Withholding Tax

If these forms apply to your business, make sure to file and pay on time to avoid penalties and interest.

📍 Save this post as a reminder and share it with a fellow business owner!

Advisory on the Unavailability of the eBIRForms System

📢 BIR ADVISORY: DEADLINE EXTENDED UNTIL AUGUST 17, 2026

The Bureau of Internal Revenue (BIR), through Revenue Memorandum Circular (RMC) No. 89-2026, has granted an extension of the deadlines for the filing of identified tax returns/documents, payment of taxes, and submission of required documents for taxpayers under the jurisdiction of the heavily affected Revenue District Offices (RDOs).

🌧️ The extension was granted in view of the continued heavy rainfall and flooding brought about by the Southwest Monsoon (Habagat).

📅 NEW DEADLINE: AUGUST 17, 2026

The extension applies to the identified returns/documents and specified areas covered by the RMC.

⚠️ Taxpayers are advised to check whether their RDO and specific tax obligation are covered by the extension.

📌 Reference: BIR Revenue Memorandum Circular No. 89-2026
Link:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2089-2026_redacted.pdf

💡 TAX FUN FACT #001

Did you know?

Many business owners focus on sales but forget that proper recordkeeping can also affect how much tax they pay.

Business expenses that are ordinary, necessary, and properly documented may be deductible for tax purposes.

That's why keeping receipts, invoices, and expense records organized is important - not just during tax season, but throughout the year.

📌 Good records today can help prevent tax headaches tomorrow.

Need help with bookkeeping or tax compliance? Message MPG Tax and Accounting Services.

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

2 DAYS LEFT! Pay as you file!

With the deadline fast approaching, the BIR is reminding taxpayers to pay their exact 2025 Annual Income Tax on the day of filing their Return.

Deadline: on or before May 15, 2026.

The Bureau of Internal Revenue released RMC 36-2026 anouncing the availability of the Offline eBIRForms Package v7.9.6.0, now downloadable from its website.

Quick highlights:

• New 1701-MS (Aug 2024) for micro/small taxpayers - deadline moved to May 15, 2026
• New ATCs in 1601-EQ (motor vehicles, pharma, fuels) at 0.5% withholding tax
• TIN Branch Code expanded from 3 to 5 digits
• Foreign currency deposit tax now 20% (from 15%) in 1602Q
• Bug fixes on several forms (0619E, 1601FQ, 1604F, etc.)

Make sure to update your eBIRForms before filing.