Caparros, Cendaña, and Co.

📢 BIR AUDIT UPDATE: RMO No. 22-2026

The BIR has issued Revenue Memorandum Order No. 22-2026, consolidating and revising the policies and procedures governing the BIR Audit Program.

Key reforms include:

🔹 Single-Instance Audit Framework
🔹 System-assisted and risk-based audit selection
🔹 Anonymized assignment of audit cases
🔹 Standardized documentary requirements
🔹 Stronger controls and safeguards during audits
🔹 Clearer audit procedures and timelines

The Order also reinforces an important rule: BIR audits must be conducted by duly authorized officers under a valid audit authority. Changes in the assigned Revenue Officer or Group Supervisor must follow the prescribed procedures, including the issuance of a replacement eLA when required.

For taxpayers, this means greater transparency and accountability, but also the need to understand your audit rights, verify the authority of the examining officers, and respond to BIR requirements within the prescribed periods.

Honoring the heroes who inspire us through courage, sacrifice, and service.

May their legacy remind us to serve with integrity and help build a better nation.

Happy National Heroes Day!

The Bureau of Internal Revenue ("BIR") recently issued Revenue Regulations ("RR") No. 4-2026, providing qualified micro taxpayers a one-time opportunity to settle certain outstanding tax liabilities and penalties through a simplified abatement program.

The program may cover taxpayers with:

✅ Gross annual sales of less than ₱3 million
✅ Basic tax liabilities and/or penalties of not more than Php80,000 per taxable year
✅ Delinquent accounts or tax assessments
✅ Open stop-filer cases
✅ Businesses that have already ceased operations
✅ Certain pending protests, court/DOJ cases, and compromise settlement requests

Covered cases must generally be those existing as of December 31, 2025. Qualified taxpayers may settle covered liabilities through a ₱5,000 abatement fee per approved application, subject to the requirements and procedures prescribed by the BIR.

Applications may be filed with the taxpayer's Revenue District Office (RDO) until December 31, 2026, unless the period is extended.

The BIR has also issued RMC No. 84-2026, providing further clarification on the implementation and availment of the program.

This may be a good opportunity for qualified micro taxpayers to resolve old BIR cases, clean up their tax records, and move forward with better tax compliance.

Today, we honor Ninoy Aquino and remember his courage and sacrifice for democracy.

May his legacy inspire us to uphold integrity, courage, and love for our country.

“The Filipino is worth dying for.”

🎓 Congratulations, Marc Glen Rivera! 🎉

The entire Caparros, Cendaña and Co. (CCC) family proudly congratulates you on graduating Cum Laude!

Your dedication, hard work, and perseverance have truly paid off. We are proud to celebrate this well-deserved achievement with you and excited to see all that you will accomplish in the next chapter of your journey. 👏🎓✨

In celebration of Araw ng Pasig, our office will be closed tomorrow, July 2, 2026 (Thursday) in observance of the Pasig City holiday.

Regular office operations will resume on July 3, 2026 (Friday).

Wishing everyone in Pasig a meaningful and happy Araw ng Pasig!

Today, we celebrate CCC's 7th anniversary.

Over the years, our anniversary celebrations may have seemed simple, but we have always believed that merely counting the years of our operations is only a secondary reason for celebration.

Instead, we celebrate every milestone that reflects our shared commitment and hard work: each tax return successfully filed, each project ticket closed, each billing collected, and every relationship strengthened as we serve our valued clients and support one another as colleagues.

To our dear clients, partners, and stakeholders, thank you for your continued trust and confidence in us. Your support has been instrumental in our journey over the past seven years.

As we begin another year, may our strategic direction continue to uphold our mission of delivering exceptional service with integrity, professionalism, and excellence.

Happy 7th Anniversary, Caparros, Cendaña, and Co.! Here's to many more years of serving with purpose and growing together.

@7

Today, we join the nation in celebrating the freedom, resilience, and unity that define our country. True independence thrives when we work together with purpose, integrity, and shared vision to build a stronger tomorrow.

We remain dedicated to supporting our clients, empowering our teams, and driving sustainable progress in our industries and communities.

Wishing everyone a meaningful, safe, and happy Independence Day!

⚠️ ADVISORY TO REGULATORS, INVESTORS, CREDITORS, AND USERS OF FINANCIAL STATEMENTS ⚠️

The Association of Certified Public Accountants in Public Practice (ACPAPP) reminds the public to remain vigilant against the growing circulation of fraudulent audited financial statements and fake audit reports bearing forged signatures and identities of legitimate auditors.

Users of financial statements are strongly encouraged to exercise due diligence by verifying the accreditation and good standing of auditors, and when necessary, confirming the authenticity of financial statements directly with the issuing entity or audit firm.

Protect the integrity of financial reporting. Stay vigilant. Report suspicious activities to the proper authorities.

ADVISORY TO REGULATORS, INVESTORS, CREDITORS AND OTHER USERS OF FINANCIAL STATEMENTS Vigilance in the Acceptance and Reliance on Audited Financial Statements We have received information regarding increasing incidents of fraudulent or fake financial statements, including audit reports, circulating in different parts of the Philippines. This include documents bearing the forged signa...

Congratulations to all the successful examinees of the May 2026 CPA Licensure Examination! 🎉

Your hard work, perseverance, and dedication have finally paid off. Welcome to the profession, CPAs! May you continue to uphold excellence and integrity as you begin this new chapter.