Francisco-Mendoza Accounting Firm

29/10/2026

📅 November 2026 Holiday Schedule

November has several holidays and observances worth noting! Check the dates below to stay informed and plan ahead for the month.

📌 Please take note: The November 16–18 special non-working days for the ASEAN Summit apply to NCR only.

🗓️ 𝐏𝐥𝐚𝐧 𝐚𝐡𝐞𝐚𝐝: 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟔 𝐡𝐨𝐥𝐢𝐝𝐚𝐲𝐬 𝐢𝐧 𝐍𝐂𝐑

Mark your calendars now, to manage your schedules, leaves, or payroll.

🕯️ Sun, Nov 1: All Saints’ Day (special non-working day)
🕯️ Mon, Nov 2: All Souls’ Day (additional special non-working day)
🌏 Mon to Wed, Nov 16 to 18: ASEAN Summit hosting (special non-working days in 𝐍𝐂𝐑 𝐨𝐧𝐥𝐲)
🇵🇭 Mon, Nov 30: Bonifacio Day (regular holiday)

28/10/2026

BOSI President Mr. Reynaldo Mendoza and FMAS Audit Director Mr. Edison Saguirer attended the 6th ACPAPP International Conference in Busan, South Korea.

Their attendance shows their commitment to learning and keeping up with changes in the accounting and auditing industry.

Conferences like this allow professionals to share ideas, learn from each other, and build connections that support their growth.

27/10/2026

Belated Happy Birthday, Ma’am Sarah Caringal! 🥳

Quiet at first, but with a playful side that makes everyone smile! We hope you had a wonderful birthday filled with happiness and love.

Wishing you good health and more blessings. May you continue to succeed in everything you do! 💗

27/10/2026

Taxpayers have until October 29, 2026, to complete their quarterly VAT and percentage tax filing and payment.

The BIR announced the extension following the unavailability of its Electronic Filing and Payment System (eFPS). The new deadline applies to BIR Forms 2550Q and 2551Q, including their required attachments. Filings and payments completed within the extended period will not incur penalties.

Check the official issuance for more information.

𝗕𝗜𝗥 𝗘𝗫𝗧𝗘𝗡𝗗𝗦 𝗩𝗔𝗧 𝗔𝗡𝗗 𝗣𝗘𝗥𝗖𝗘𝗡𝗧𝗔𝗚𝗘 𝗧𝗔𝗫 𝗙𝗜𝗟𝗜𝗡𝗚 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘𝗦 𝗧𝗢 𝗢𝗖𝗧𝗢𝗕𝗘𝗥 𝟮𝟵

The Bureau of Internal Revenue (BIR) has extended the October 26, 2026 deadline to October 29, 2026 for the filing of tax returns and payment of corresponding taxes under BIR Form No. 2550Q (Quarterly Value-Added Tax Return) and BIR Form No. 2551Q (Quarterly Percentage Tax Return), including the submission of required attachments.

Under Revenue Memorandum Circular No. 115-2026, signed by Commissioner Charlito Martin R. Mendoza, the extension was granted due to the unavailability of the Electronic Filing and Payment System (eFPS). No penalties will be imposed for filings and payments made within the extended deadline.

Read the full RMC below for details.

27/10/2026

The BIR has temporarily suspended the deadline for compliance with the Registration Seal Badge requirement and its mandatory online posting until further notice.

This follows concerns raised by online sellers, content creators, and other taxpayers regarding data privacy, technical issues, and the scope of the requirement.

Stay updated on the latest tax news and BIR announcements.

26/10/2026

The BIR has relaxed withholding tax invoice rules, giving businesses more time to update their systems and allowing them to use their remaining paper invoices.

Under Revenue Memorandum Circular No. 112-2026, businesses must indicate the creditable withholding tax deduction on applicable paper invoices. Automated accounting and electronic invoicing systems have until December 31, 2026, to comply, while cash registers, POS equipment, and non-mandatory electronic systems have until March 31, 2027, provided invoices are manually annotated in the meantime.

These changes aim to help businesses meet tax requirements while reducing unnecessary costs and adjustments.

23/10/2026

Attention, Online Sellers and Content Creators! 📢

Are you earning through online selling, e-commerce platforms, or content creation? Make sure your business or online activity complies with BIR registration requirements.

The deadline to display the BIR Registration Seal Badge has been extended to October 31, 2026.

Take this opportunity to complete your registration, secure your badge, and display it on your online platforms as required.

22/10/2026

To all aspiring CPAs, this is your time to shine! ✨

All the hard work, sacrifices, and dedication have brought you to this moment. May your determination carry you toward the future you’ve been working for.

Wishing everyone taking the CPA Licensure Examination the very best. You’ve got this! 💪

16/10/2026

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 107-2026 to clarify key requirements and procedures for implementing the Enhanced Electronic Documentary Stamp Tax (eDST) System under Revenue Regulations No. 28-2025.

Covered taxpayers must enroll in the Enhanced eDST System by December 31, 2026, while newly registered taxpayers must enroll within 90 days from BIR registration. They must also comply with eFPS registration requirements and attend the required system orientation. Failure to enroll within the prescribed period may result in applicable penalties and sanctions.

Taxpayers and notaries public covered by the circular should review the requirements and ensure timely compliance.

15/10/2026

More than 1.5 million minimum wage earners in CALABARZON are expected to benefit from the approved wage adjustment of up to ₱45 per day, effective October 26, 2026.

The adjustment was approved through consultations among labor, employer, and government representatives under the Wage Rationalization Act. DOLE Regional Office IV-A will monitor establishments to ensure compliance with the new wage order.