RBU TAX & Accounting Services

Good news..

The Bangko Sentral ng Pilipinas (BSP) has doubled the threshold for cash withdrawals that trigger mandatory enhanced due diligence to ease the regulatory burden on legitimate business operations while maintaining the focus on high-risk financial activity.

READ: https://mb.com.ph/2026/03/03/bsp-eases-rules-on-large-cash-withdrawals

FYI

The Bureau of Internal Revenue (BIR) adopts a 4-day on-site and 1-day work-from-home arrangement effective Monday, March 9, as part of government energy conservation measures amid rising global oil prices.

Under Revenue Memorandum Order No. 007-2026, BIR personnel will report on-site from Monday to Thursday, while work-from-home arrangements will be implemented every Friday.

Frontline services under the Large Taxpayers Service, the Regional Offices, and the Revenue District Offices will remain operational on Fridays, with appropriate staffing arrangements to ensure the uninterrupted delivery of taxpayer services such as taxpayer registration, filing, payment assistance, and inquiries.

This is in line with the directive of President Ferdinand R. Marcos Jr. for government agencies to reduce electricity and fuel consumption by 10% to 20%.

The BIR will also implement additional energy-saving measures across offices, including reduced electricity use, fuel-efficient vehicle operations, and expanded use of digital services.

Maximize your deductions to lower your Income Tax Payable. You need documents to show expenses or losses you want to deduct.
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An individual whose income tax has been withheld correctly by his employer, provided that such individual has only one employer for the taxable year are not required to file Income Tax returns.
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An Individual earning purely compensation income whose taxable income does not exceed Two Hundred Fifty Thousand Pesos (Php250,000) are not required to file income tax returns.
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What is the 3% BIR tax?
The 3% percentage tax is a tax imposed on the gross sales or receipts of a business or professional practice. This tax rate is applicable to those who are VAT-exempt under the Philippines' tax laws.

Sell losing investments before the end of the year so you can offset any taxable gains you have realized during the year.
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PUBLIC ADVISORY: In line with the issuance of Revenue Memorandum Circular No. 107-2025, everyone may send their complaints, concerns, and suggestions relating to audits and the issuance of Letters of Authority (LOAs) and Mission Orders directly to this email address: [email protected]

To lower tax payables, you can accelerate deductions by paying deductible expenses or making contributions to tax-deferred retirement accounts or charities by the end of the tax year.
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