MLP Accounting Consultancy Services

24/09/2026

24/09/2026

𝗕𝗜𝗥 𝗦𝗘𝗧𝗦 𝗘𝗟𝗘𝗖𝗧𝗥𝗢𝗡𝗜𝗖 𝗜𝗡𝗩𝗢𝗜𝗖𝗜𝗡𝗚 𝗥𝗨𝗟𝗘𝗦 𝗔𝗛𝗘𝗔𝗗 𝗢𝗙 𝗗𝗘𝗖𝗘𝗠𝗕𝗘𝗥 𝟯𝟭 𝗖𝗢𝗠𝗣𝗟𝗜𝗔𝗡𝗖𝗘 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘

The Bureau of Internal Revenue (BIR), led by Commissioner Charlito Martin R. Mendoza, has issued the implementing rules for electronic invoicing, moving a major digital tax reform toward broader implementation among covered taxpayers.

“With these rules in place, we can now move into implementation and refine the framework as needed. Our goal is to make electronic invoicing workable for taxpayers while laying a stronger foundation for the continued digitalization of tax administration,” Commissioner Mendoza said.

Issued on September 22, 2026, Revenue Memorandum Circular No. 98-2026 covers small, medium, and large taxpayers engaged in e-commerce or internet transactions; taxpayers under the Large Taxpayers Service; large taxpayers under the Ease of Paying Taxes framework; and taxpayers using a computerized accounting system and computerized book of accounts with accounting records and other invoicing software. Those within the mandatory coverage are required to issue electronic invoices on or before December 31, 2026. Micro taxpayers are not covered by the mandatory electronic invoicing requirement.

The Circular implements the electronic invoicing requirements under Revenue Regulations Nos. 8-2022 and 11-2025, as amended by RR No. 26-2025.

Taxpayers may use an in-house or commercially acquired electronic invoicing solution, or the services of an Electronic Invoicing Service Provider. The BIR will issue a separate issuance governing Electronic Invoicing Service Providers within the month.

“Electronic invoicing and electronic sales reporting are separate requirements. For now, taxpayers should focus on complying with the electronic invoicing rules. Electronic sales reporting will follow once the BIR issues the separate implementing policies and procedures for it,” Commissioner Mendoza said.

The final guidelines, which take effect immediately, follow the BIR-PMSG public consultation held on August 25, 2026, at the BIR National Office, where the Bureau discussed the proposed rules with private-sector stakeholders and received inputs on implementation.

“Electronic invoicing is a huge step toward revolutionizing invoicing and tax administration in the Philippines. It will change how businesses document transactions, how tax information is generated, and how the BIR uses data to build a more modern and efficient tax system,” Commissioner Mendoza said.

Read the full RMC No. 98-2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2098-2026%20redacted.pdf

10/09/2026

📢 𝗕𝗜𝗥 𝗔𝗗𝗩𝗜𝗦𝗢𝗥𝗬: 𝗲𝗔𝗙𝗦 𝗘𝗠𝗔𝗜𝗟 𝗡𝗢𝗧𝗜𝗙𝗜𝗖𝗔𝗧𝗜𝗢𝗡 𝗜𝗦𝗦𝗨𝗘 𝗥𝗘𝗦𝗢𝗟𝗩𝗘𝗗

Good news for taxpayers and tax practitioners! ✅

The BIR has announced that the eAFS email notification issue previously reported under Advisory No. 202608-0027-SU has been successfully resolved.

📌 System: Electronic Audited Financial Statements (eAFS)
📍 Coverage: All Sites
🗓️ System Restored: September 9, 2026
⏰ Time: 9:00 PM

Users may now expect the system-generated eAFS email notifications to resume, including account-related notifications, password reset emails, and other automated communications.

💡 Taxpayer Reminder: If you have pending eAFS submissions or are waiting for system-generated notifications, it is advisable to check your registered email address and eAFS account and keep your submission confirmations and other proof of filing for your records.

Please be guided accordingly.

To check the original Advisory, here:https://bir-cdn.bir.gov.ph/BIR/pdf/(0027-SA)%20Advisory%20Availablity%20of%20EAFS.pdf

08/09/2026

📣 𝗦𝗘𝗖 𝗟𝗜𝗙𝗧𝗦 𝗠𝗢𝗥𝗔𝗧𝗢𝗥𝗜𝗨𝗠 𝗢𝗡 𝗢𝗡𝗟𝗜𝗡𝗘 𝗟𝗘𝗡𝗗𝗜𝗡𝗚 𝗣𝗟𝗔𝗧𝗙𝗢𝗥𝗠𝗦

The Securities and Exchange Commission (SEC) has officially lifted the nearly five-year moratorium on new Online Lending Platforms (OLPs).

Through Memorandum Circular No. 20, Series of 2026 (MC No. 20), the SEC introduced new prudential, disclosure, and market conduct requirements for Financing Companies (FCs) and Lending Companies (LCs) operating through digital platforms.

📱 The guidelines cover FCs and LCs that use:
✔️ Mobile applications
✔️ Web-based lending platforms
✔️ Digital applications and other online systems

🛡️ What does this mean for borrowers and businesses?

The new framework aims to promote:

🔹 Greater transparency in loan terms, fees, and charges
🔹 Responsible lending practices
🔹 Fair collection practices
🔹 Stronger consumer protection
🔹 Enhanced regulatory supervision and reporting

💡 For entrepreneurs: The lifting of the moratorium creates an opportunity to establish or expand legitimate online lending operations—but compliance with SEC requirements is essential before launching the platform.

📌 Planning to establish a Financing or Lending Company? Proper corporate registration, licensing, regulatory compliance, financial reporting, and digital lending requirements should be considered from the beginning.

To read the full MC, here: https://www.sec.gov.ph/mc-2026/sec-mc-no-20-series-of-2026/
To read the full press release, here: https://www.sec.gov.ph/.../sec-lifts-moratorium-on.../

📣 𝗦𝗘𝗖 𝗹𝗶𝗳𝘁𝘀 𝗺𝗼𝗿𝗮𝘁𝗼𝗿𝗶𝘂𝗺 𝗼𝗻 𝗼𝗻𝗹𝗶𝗻𝗲 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗽𝗽𝘀, 𝘀𝗲𝘁𝘀 𝘀𝘁𝗿𝗶𝗰𝘁 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀

The Securities and Exchange Commission (SEC) has officially lifted the nearly five-year moratorium against new online lending platforms (OLPs), as it introduced a strict and comprehensive framework governing the operation of financing and lending companies in the country.

The Commission on July 7 issued Memorandum Circular No. 20, Series of 2026 (MC 20), providing the Guidelines Prescribing Prudential Disclosure and Market Conduct Requirements for Financing and Lending Companies and Lifting the Moratorium on Online Lending Platforms.

The memorandum circular applies to all newly registered, existing, and prospective FCs and LCs that make use of digital applications, mobile apps, or web-based systems to offer credit to the public.

The guidelines primarily seek to strengthen consumer protection through enhanced disclosure requirements, responsible lending practices, fair collection standards, and increased regulatory oversight of digital lending activities.

“As we open the doors to new OLPs, we are making it clear that the SEC welcomes and promotes financial innovation but will not tolerate the proliferation of predatory and unfair lending practices,” SEC Chairperson Francis Lim said.

“Our goal is to foster a safe, transparent, and competitive online lending environment where both legitimate businesses and Filipino consumers can thrive through necessary consumer safeguards and reporting mechanisms outlined in this new memorandum circular,” he added.

Read the full MC: https://www.sec.gov.ph/mc-2026/sec-mc-no-20-series-of-2026/

Read the full press release: https://www.sec.gov.ph/pr-2026/sec-lifts-moratorium-on-online-lending-apps-sets-strict-framework-for-financing-lending-companies/

03/09/2026

🌧️ BUMAHA NA, NASIRA PA ANG INVENTORY? MAY TAX RULE NA MAAARING I-CLAIM!

Kung nasira ang stocks o inventory ng negosyo dahil sa baha o iba pang casualty, maaaring may pagkakataon na ma-claim ang loss for tax purposes as a casualty loss, subject to the applicable BIR rules and requirements.

⏰ IMPORTANT: MAY 45-DAY DEADLINE!

Kung nais i-claim ang casualty loss, the taxpayer is generally required to submit a Sworn Declaration of Loss to the concerned BIR Revenue District Office (RDO) within 45 days from the date of the casualty.

📸 Ano ang dapat gawin agad?

✅ I-document ang pinsala — kumuha ng photos at videos
📋 Ihanda ang detailed list ng nasirang inventory
💰 Determine the cost or value of the damaged items
🧾 Itago ang invoices, receipts, at iba pang supporting documents
🛡️ I-disclose kung may insurance claim o anumang compensation na matatanggap

⚠️ Mahalaga: Hindi automatic na deductible ang buong halaga ng nasirang inventory. Ang allowable deduction may depend on the taxpayer's basis, substantiation, insurance recovery, at iba pang requirements under the tax rules.

📌 Legal Basis: Section 34(D) of the National Internal Revenue Code, as amended, and applicable BIR issuances, including RMO No. 31-2009.

💡 Sa panahon ng baha, unahin ang kaligtasan. Pero kung naapektuhan ang negosyo, huwag kalimutang i-document ang casualty loss agad.

📩 Need assistance in reviewing your casualty loss documentation and BIR requirements? Send us a message.

To read RMO 31-2009, here:https://bir-cdn.bir.gov.ph/BIR/pdf/47679RMO%2031-2009.pdf

🌧️ Bumaha na, nalugi pa ang inventory? May tax rule diyan!

Kung nasira ang stocks o inventory ng negosyo dahil sa baha, maaari itong ma-claim bilang casualty loss, subject sa BIR requirements.

⏰ Huwag palampasin ang 45 DAYS!
Kung nais i-claim ang loss, kailangang magsumite ng Sworn Declaration of Loss sa inyong RDO within 45 days mula sa petsa ng casualty.

📸 I-document agad ang pinsala.
📋 Ihanda ang listahan at halaga ng nasirang inventory.
🧾 Itago ang invoices at iba pang supporting documents.
🛡️ I-disclose kung may insurance claim o compensation.

Legal Basis: Sec. 34(D), NIRC, as amended; RMO No. 31-2009

💡 Sa panahon ng baha, unahin ang kaligtasan—pero idocument din ang casualty loss!

03/09/2026

You can now conveniently request copies of corporate and partnership documents through SEC Express using the eGovPH Super App!

📱 Follow these 3 easy steps:

Step 1: Open your eGovPH Super App and search for “SEC Express.”

Step 2: Select “SEC Securing Copies – Corporate/Partnership.”

Step 3: Order your plain or authenticated copies and wait for the delivery of your documents nationwide! 📦

💳 Flexible Payment Options:
✔️ GCash
✔️ Maya
✔️ Banks
✔️ Payment Counters
✔️ Credit Cards

📌 A convenient way to request your SEC documents without the hassle of personally visiting an office.

Check at www.SECExpress.ph

Looking for an easier way to get SEC documents? Follow this quick 3-step guide using the eGovPH superapp:

Step 1: Open your eGov app and search for "SEC Express".

Step 2: Click on "SEC Securing Copies Corporate Partnership".

Step 3: Order your plain or authenticated copies and wait for nationwide delivery!

💳 Flexible Payment Options: GCash, Maya, Banks, Payment Counters, or Credit Cards.

Learn more at www.SECExpress.ph

21/08/2026

📢 PHILHEALTH OFFERS ONE-TIME WAIVER OF INTEREST FOR MISSED EMPLOYER CONTRIBUTIONS

Good news for employers with unpaid or missed PhilHealth contributions!

Under PhilHealth Circular No. 2026-0001, qualified government and private sector employers may avail of a One-Time Waiver of Interest Program covering applicable missed contributions from July 2013 to December 2024.

Who may avail?

The program may cover employers with:

✅ Missed or unpaid PhilHealth contributions
✅ Pending requests or appeals for waiver
✅ Outstanding interest and/or surcharges
✅ Existing installment arrangements, subject to compliance with the program requirements

How much interest may be waived?

The applicable interest depends on how quickly the missed contributions are settled:

🔹 Full waiver of interest – Payment in full within 1 month
🔹 1% simple interest – Payment within 2 to 6 months
🔹 2% simple interest – Payment within 7 to 12 months

Important requirements

To qualify, employers must comply with the documentary requirements and update their employer and employee records. The Circular also requires the selection and assignment of employees under the YAKAP Program and completion of the required First Patient Encounter (FPE).

📅 Applications must be submitted within one year from the effectivity of the Circular and, in any case, not later than December 31, 2026.

⚠️ Important: The waiver applies prospectively. Interest or surcharges that have already been paid will not be refunded. Any delay or default under the approved settlement may also result in the application of the prevailing interest rates.

💼 If your company has old or outstanding PhilHealth contribution obligations, this may be a good opportunity to review your records and explore whether you qualify for the program.

📩 Need assistance in reviewing your PhilHealth contribution records, missed payments, or compliance requirements? Feel free to send us a message for a consultation.

To read the full text of the Philhealth Circular PC2026-0001, here:https://www.philhealth.gov.ph/circulars/2026/PC2026-0001.pdf

20/08/2026

📢 BIR ADVISORY: eCAR AND eONETT SYSTEMS NOW AVAILABLE

Good news for taxpayers! The printing of Electronic Certificate Authorizing Registration (eCAR) transactions is now available.

According to Reference No. 202608-0024-SA, the BIR announced that the affected eCAR and eONETT Systems are now up and available across all sites, effective:

🗓️ August 17, 2026 (Monday)
🕐 1:47 PM

This update follows the previously issued advisories regarding the technical issues affecting the printing of eCAR transactions.

📌 Taxpayer Reminder: Taxpayers, authorized representatives, and practitioners with pending eCAR or eONETT transactions may now coordinate with the concerned Revenue District Office (RDO) regarding the processing and printing of their transactions.

Please be guided accordingly.

Here's the full text of the Advisory:https://bir-cdn.bir.gov.ph/BIR/pdf/0024%20System%20Availability%20for%20eCAR%20and%20eONETT.pdf

20/08/2026

🚨 MICRO BUSINESS OWNER? MAY LUMANG BIR CASE KA? THIS MAY BE YOUR CHANCE TO FIX IT.

📢 BIR REVENUE REGULATIONS NO. 4-2026

The Bureau of Internal Revenue (BIR) has introduced a ONE-TIME TAX ABATEMENT PROGRAM for qualified micro taxpayers.

If your business has:

❌ Old BIR tax liabilities
❌ Delinquent accounts or assessments
❌ Open STOP-FILER cases
❌ Unresolved tax cases from previous years
❌ A business that has already stopped operations but still has open BIR records

👉 You may qualify for the One-Time Tax Abatement Program.

WHO MAY QUALIFY?

Generally, the program covers micro taxpayers with gross sales or business receipts not exceeding ₱3,000,000 and covered basic tax liabilities and/or penalties of not more than ₱80,000 per taxable year, subject to the other requirements and conditions under RR No. 4-2026.

📌 Covered cases generally relate to liabilities/cases existing on or before December 31, 2025.

📅 AVAILMENT PERIOD: Until December 31, 2026

💡 This is not simply about paying an old tax obligation.

It is an opportunity to review your BIR records, determine what cases are actually open, assess your eligibility, prepare the required documents, and properly process the application for abatement.

⚠️ DON'T WAIT UNTIL THE DEADLINE.

If you have an old or inactive business with unresolved BIR cases, now is the right time to have your records checked.

📩 Need assistance?

I can help you with:

✔️ Review of BIR open cases
✔️ Assessment of eligibility under RR No. 4-2026
✔️ Review of available supporting documents
✔️ Preparation of the abatement application and requirements
✔️ Coordination and processing with the concerned BIR office
✔️ Assistance in resolving and closing qualified cases

Let us check your BIR records first and see if you qualify.

📩 Send me a message for an initial assessment.

Disclaimer: Eligibility and approval are subject to the applicable provisions of RR No. 4-2026, related BIR issuances, and evaluation by the Bureau of Internal Revenue.

To read the full text of Revenue Regulation 4-2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%204-2026_Redacted.pdf
For the Guidelines, read RMO 19-2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%2019-2026_Redacted.pdf
To read the clarifications for certain provisions of RR 4-2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2084-2026_Redacted.pdf

17/08/2026

📢 𝐁𝐈𝐑 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘: 𝐋𝐀𝐓𝐄𝐒𝐓 𝐞𝐁𝐈𝐑𝐅𝐨𝐫𝐦𝐬 𝐎𝐅𝐅𝐋𝐈𝐍𝐄 𝐏𝐀𝐂𝐊𝐀𝐆𝐄

The Bureau of Internal Revenue advises all concerned taxpayers and users of the eBIRForms Offline Package to download and install the latest available version: Version 7.9.6.0 or Version 7.9.6.1.

⚠️ Important: Older versions of the eBIRForms Offline Package will eventually be discontinued and will no longer be supported.

Taxpayers are encouraged to update their eBIRForms application at the earliest opportunity. Before updating, make sure to backup your previously saved tax returns and related data and carefully follow the procedures provided in the accompanying User Manual, particularly the instructions on backup and restoration.

📌 Taxpayer Reminder: Always use the latest available version of the eBIRForms Offline Package and regularly check official BIR advisories for system updates and filing-related announcements.

Please be guided accordingly.

BIR Tax Advisory dated August 17, 2026 here:https://bir-cdn.bir.gov.ph/BIR/pdf/Tax%20Advisory_eBIRForms%202018Aug17.pdf
To download eBIRForms version 7.9.6.1 here: https://bir-cdn.bir.gov.ph/BIR/pdf/Offline_eBIRForms_Package_v7.9.6.1_setup.zip
For BIR installation guidelines here:https://bir-cdn.bir.gov.ph/BIR/pdf/eBIRForms_Package_Installation%20User%20Guide%20ver1.1.pdf

𝐁𝐈𝐑 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘: 𝐋𝐀𝐓𝐄𝐒𝐓 𝐞𝐁𝐈𝐑𝐅𝐎𝐑𝐌𝐒 𝐎𝐅𝐅𝐋𝐈𝐍𝐄 𝐏𝐀𝐂𝐊𝐀𝐆𝐄

The Bureau of Internal Revenue (BIR) advises all concerned taxpayers, Revenue officials, and employees currently using the eBIRForms Offline Package to download and install the latest version, eBIRForms Offline Package Version 7.9.6.0 or 7.9.6.1.

Older versions of the eBIRForms Offline Package will be discontinued and will no longer be supported.

Taxpayers are encouraged to update at the earliest opportunity and carefully follow the procedures in the accompanying User Manual, particularly those covering the backup and restoration of previously saved tax returns and related data.

For complete details and instructions, please refer to the Tax Advisory and User Manual.

Please be guided accordingly.