Caw, Francisco & Co. Audit and Compliance Services

Caw, Francisco & Co. Audit and Compliance Services

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24/11/2025

๐๐ˆ๐‘ ๐‚๐จ๐ฆ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง๐ž๐ซ ๐Œ๐ž๐ง๐๐จ๐ณ๐š ๐จ๐ซ๐๐ž๐ซ๐ฌ ๐ญ๐ก๐ž ๐ญ๐ž๐ฆ๐ฉ๐จ๐ซ๐š๐ซ๐ฒ ๐ฌ๐ฎ๐ฌ๐ฉ๐ž๐ง๐ฌ๐ข๐จ๐ง ๐จ๐Ÿ ๐‹๐ž๐ญ๐ญ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ญ๐ฒ, ๐Œ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐Ž๐ซ๐๐ž๐ซ๐ฌ, ๐š๐ง๐ ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐Ÿ๐ข๐ž๐ฅ๐ ๐š๐ฎ๐๐ข๐ญ๐ฌ

In a joint announcement at the Department of Finance today, Finance Secretary Frederick Go and Bureau of Internal Revenue Commissioner Charlito Mendoza announced the immediate and temporary suspension of all field audits and related operations of the BIR.

โ€œI have ordered the immediate suspension of all field audits and related operations, including the issuance of Letters of Authority and Mission Orders, effective immediately, in accordance with Revenue Memorandum Circular 107-2025. No Letter of Authority or Mission Order shall be created, printed, signed, or served during the suspension period,โ€ detailed Commissioner Mendoza.

In his first week in office, Commissioner Mendoza convened key units of the Bureau of Internal Revenue to gain a thorough understanding of existing audit operations and to identify long-standing issues that have affected taxpayer experience and internal discipline. The suspension was issued after extensive internal consultations and was undertaken with the guidance and strategic oversight of Finance Secretary Frederick Go to ensure full alignment with national priorities on good governance, taxpayer protection, and efficient revenue administration.

โ€œThis is in response to the concerns raised by the taxpayers regarding the issuance of Letters of Authority and Mission Orders. We hear the people, we hear your concerns, and are immediately acting on them. The people deserve better,โ€ said Secretary Go, emphasizing that the Department of Finance is committed to protecting taxpayers from potential abuse through a comprehensive review of our existing policies and procedures.

The temporary suspension applies to all BIR offices involved in audit and field operations, including the Large Taxpayers Service, Revenue Regions and District Offices, Assessment Divisions, VAT Audit Units, and Intelligence and Special Audit Units. The exceptions to RMC 107-2025 apply only to urgent or legally mandated cases such as active criminal investigations, one-time transactions, audits prescribing within six months, refund claims that require audits, or immediate action on taxpayers flagged by verified intelligence.

โ€œThis suspension is necessary to protect taxpayer rights, strengthen internal discipline, and ensure the integrity of our audit processes. We take every complaint seriously, and any misuse of authority, harassment, or irregularity has no place in the Bureau,โ€ Commissioner Mendoza emphasized.

โ€œAll taxpayers shall be treated with the highest degree of professionalism, courtesy, and adherence to the rule of law. Our economy is built upon the contributions of our taxpayers, who deserve fair and honest tax audits,โ€ explained Secretary Go.

Commissioner Mendoza also instructed the creation of a Technical Working Group on LOA and Mission Order Integrity and Audit Reforms to lead the reform efforts. The group is tasked with evaluating existing procedures, identifying operational and systemic vulnerabilities, recommending revised LOA protocols, and integrating digital safeguards and uniform audit standards.

โ€œOur goal is to create processes that are predictable, evidence-based, technology-driven, and fair,โ€ explained Commissioner Mendoza, reiterating that these systems are meant to protect taxpayers while helping the Bureau perform its mandate efficiently.

โ€œI cannot overemphasize President Ferdinand Marcos, Jr.โ€™s directive for the BIR to continue meeting revenue targets while strengthening service delivery for workers, small business owners, and all taxpayers who rely on predictable and transparent audit processes. The overarching directive of the President when I assumed office is to ensure efficient and fair revenue collections,โ€ Commissioner Mendoza said to end the joint announcement.

RMC No. 107-2025: https://tinyurl.com/bdynx69h

04/10/2025
01/10/2025
29/09/2025

Revenue Regulations No. 24-2025

Further amending the pertinent provisions of Section 2.57.2.(I) under RR No. 2-98, as amended by RR No. 11-2018, RR No. 7-2019 and RR No. 31-2020, on the imposition of Creditable Withholding Tax on Top Withholding Agents

Full text: https://tinyurl.com/45matv98

15/09/2025

The BIR does NOT accredit Electronic Invoicing System (EIS) providers.

Only taxpayers mandated/notified to use the EIS must apply to the BIR for EIS Certification and Permit to Transmit (PTT) sales dataโ€”not software or system providers.

14/08/2025

๐—ž๐—ผ๐—ป๐˜๐—ถ๐—ป๐—ด ๐—ฎ๐—ฟ๐—ฎ๐˜„ ๐—ป๐—ฎ ๐—น๐—ฎ๐—ป๐—ด ๐—ฏ๐—ฎ๐—ด๐—ผ ๐—ฎ๐—ป๐—ด ๐—ฑ๐—ฒ๐—ฎ๐—ฑ๐—น๐—ถ๐—ป๐—ฒ!

I-submit na ang inyong 2024 Annual Establishment Report on Wages (AERW) bago mag- 31 August para iwas abala.

Magpasa gamit ang DOLE Online Compliance Portal: reports.dole.gov.ph

Salamat sa inyong suporta at pakikiisa para sa mabisang wage policy formulation.

Photos from Department of Finance's post 17/07/2025
Photos from Securities and Exchange Commission Philippines's post 15/04/2025

For Corporations: After complying with BIR, don't forget to file with SEC! โœจ

15/04/2025

๐ŸŒŸ Happy April 15th! ๐ŸŒŸ

Big shoutout to all taxpayers and accountants for all your hard work, persistence and dedication. Another tax season survived! ๐Ÿฅณ๐Ÿ’ช

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