15/04/2026
Good news for corporations and compliance teams!!!
The deadline for filing the 2025 Annual Financial Statements (AFS) and related reportorial requirements to SEC has been EXTENDED, following the issuance of Revenue Memorandum Circular No. 30-2026 by the BIR.
Revised Deadlines:
• AFS of All Corporations: June 15, 2026
• SEC Form 52-AR (Brokers & Dealers): May 15, 2026
• Annual Reports (SEC Form 17-A) with AFS: May 15, 2026
Reminder: Ensure that your AFS are properly filed and duly received by the BIR to avoid penalties.
Need help with your AFS preparation and filing? Let our team handle the process for you. Message us to get started.
Source: SEC FB Page
14/04/2026
Tax Update: RMC No. 030-2026
The Bureau of Internal Revenue has issued Revenue Memorandum Circular (RMC) No. 030-2026, extending the deadline for filing Annual Income Tax Returns (AITR) to May 15, 2026 in view of the declared national emergency.
Extension details:
• Applies to all taxpayers required to file Annual ITRs
• Original deadline: April 15, 2026
• New deadline: May 15, 2026
Despite the extension, taxpayers are encouraged to file and pay their taxes through available channels such as eFPS, eBIRForms, and Authorized Agent Banks (AABs).
The extension aims to provide relief and additional time for taxpayers to comply with their obligations during the national emergency.
What this means for taxpayers:
You now have additional time to prepare and file your Annual ITR. However, it is still advisable to file early to avoid system congestion and ensure timely compliance.
If you need help with tax filing, compliance, or other BIR-related matters, feel free to send us a message.
Source: BIR Website
10/03/2026
Tax Update: RMO No. 7-2026
The Bureau of Internal Revenue has issued Revenue Memorandum Order (RMO) No. 7-2026, implementing a 4-day on-site and 1-day work-from-home arrangement for BIR personnel effective March 9, 2026.
Work arrangement:
• On-site:Monday to Thursday
• Work-from-home: Friday
Despite this change, BIR frontline services will remain available on Fridays at the Large Taxpayers Service, Regional Offices, and Revenue District Offices to ensure uninterrupted services such as:
✔️ Taxpayer registration
✔️ Filing and payment assistance
✔️ Processing of inquiries
The measure supports the directive of Pres. Ferdinand R. Marcos Jr. for government agencies to reduce electricity and fuel consumption by 10–20%.
What this means for taxpayers:
While most BIR personnel will work remotely on Fridays, taxpayer services will continue with skeleton staffing to ensure assistance remains available.
If you need help with BIR registration, tax compliance, or filing requirements, feel free to send us a message.
Source: BIR Website
