Romeo S. Amparo, CPA

28/08/2026

RMO No. 22-2026
Prescribing the Consolidated and Revised Policies, Guidelines and Procedures for the BIR Audit Program

15/08/2026

📢 ADVISORY: eBIRForms System Availability

Please be informed that the eBIRForms System is now up and accessible to all internal and external users across all sites as of August 15, 2026, 2:00 AM.

You may now proceed with your online filing and submissions.

Read the attached full advisory for more details. Stay guided!

14/08/2026

08/08/2026

Join us this August 12, 2026 at 9:00 AM, live via Zoom* and Facebook Live for a FREE webinar to learn about the One-Time Abatement for Micro Taxpayers.

Scan the QR Code to pre-register.

*Note: In case participants are unable to join the Zoom due to limited slots, please join via the Facebook Live.

30/07/2026

𝗦𝗘𝗖 𝗳𝗶𝗻𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗖𝗿𝗲𝗱𝗶𝘁 𝗳𝗼𝗿 𝗲𝘅𝗰𝗲𝘀𝘀𝗶𝘃𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀, 𝘂𝗻𝗳𝗮𝗶𝗿 𝗱𝗲𝗯𝘁 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀

The Securities and Exchange Commission (SEC) has penalized Inclusive Credit Lending, Inc. amounting to over P1 million for imposing excessive interest rates and engaging in unfair debt collection practices.

In an order dated July 21, the SEC Financing and Lending Companies Department (FLCD) found Inclusive Credit administratively liable for violating SEC Memorandum Circular (MC) No. 3, which prescribes the interest rate and fee ceiling and other charges by lending and financing companies on their online lending platforms, and MC No. 18, Series of 2019, which prohibits unfair debt collection practices.

The Commission directed Inclusive Credit to pay an administrative fine of P1.03 million for the violations.

The order stemmed from a complaint filed by a borrower who alleged that Investor Credit, through its online lending platform Pinoy Peso, imposed deductions amounting to 38 percent of the principal amount of every transaction. She also claimed that she had been subjected to threats, harassment and public shaming during the collection process.

Investigation by the FLCD showed that the 38 percent upfront charge structure in the Pinoy Peso interface translates to a seven-day effective interest rate (EIR) of 61.29 percent, equivalent to 262.67 per month or 8.67 percent daily. This exceeds the prescribed EIR monthly ceiling of 15 percent, or around 0.5 percent per day, in violation of MC 3.

Read the full press release: https://www.sec.gov.ph/pr-2026/sec-fines-inclusive-credit-for-excessive-interest-rates-unfair-debt-collection-practices/ .tab=0

22/07/2026

𝗕𝗜𝗥 𝗖𝗟𝗔𝗥𝗜𝗙𝗜𝗘𝗦 𝗖𝗥𝗘𝗗𝗜𝗧𝗔𝗕𝗟𝗘 𝗪𝗜𝗧𝗛𝗛𝗢𝗟𝗗𝗜𝗡𝗚 𝗧𝗔𝗫 𝗥𝗨𝗟𝗘𝗦 𝗙𝗢𝗥 𝗧𝗢𝗣 𝗪𝗜𝗧𝗛𝗛𝗢𝗟𝗗𝗜𝗡𝗚 𝗔𝗚𝗘𝗡𝗧𝗦 𝗨𝗡𝗗𝗘𝗥 𝗥𝗥 𝗡𝗢. 𝟮𝟰-𝟮𝟬𝟮𝟱

The Bureau of Internal Revenue (BIR) advises all Top Withholding Agents (TWA), manufacturers, direct importers, taxpayers, and other stakeholders that it has issued Revenue Memorandum Circular (RMC) No. 79-2026, which clarifies the provisions of Revenue Regulations (RR) No. 24-2025 on the imposition of Creditable Withholding Tax (CWT) on Top Withholding Agents.

The Circular provides answers to frequently asked questions on the implementation of RR No. 24-2025, including the application of the one-half percent (1/2%) CWT on purchases from manufacturers and direct importers of covered goods intended for wholesale. It also clarifies the documentary requirements for establishing a supplier's status, the proper interpretation of "intended for wholesale," and the circumstances under which the preferential 1/2% CWT rate applies.

In addition, RMC No. 79-2026 clarifies the application of the withholding tax rules to purchases involving motor vehicles in Completely Built Unit (CBU) or Semi-Knocked Down (SKD) form, motorcycles, pharmaceutical products, and solid and liquid fuels and related products. It also prescribes the appropriate corrective measures when an incorrect withholding tax rate has been applied.
The issuance aims to promote the uniform implementation of RR No. 24-2025, provide clearer guidance to withholding agents and taxpayers, and ensure the proper application of withholding tax rules in covered transactions.

For the full text of RMC No. 79-2026, visit the BIR website or access the Circular through this link:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2079-2026_redacted.pdf

22/07/2026

Happy birthday Sir Rsa Pursue! 🎉🎂

Thank you po for our lunch today. 😇