Heading into its 27th year, the Search for Outstanding Accountancy Students in the Philippines (SOASP) continues its legacy of empowering the next generation of accountants.
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2026 Tax Calendar
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National Internal Revenue Code of 1997 5th Edition
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ASEAN 6 Tax Guide
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ProActive Hotline
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27th Search for Outstanding Accountancy Students in the Philippines
Bolder, more inclusive 27th SOASP
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Updates on BIR Audit Reforms
The temporary suspension of audit and field operations under Revenue Memorandum Circular (RMC) No. 107 2025, issued on 24 November 2025, marked a deliberate pause in the Bureau of Internal Revenue’s (BIR) audit operations. This suspension was intended not merely as a reprieve for taxpayers but as a strategic opportunity for the BIR to recalibrate its audit framework, enhancing efficiency, strengthening safeguards, and restoring confidence in the integrity of the tax audit system.
From Where We Sit
From intentions to actions: Building resolutions that last
It’s a brand-new year, and it’s time to turn the page to a fresh list of New Year resolutions. Just like some people, I too have created my own set of goals. One of my priorities this year is to give back to my Firm, P&A Grant Thornton, by mentoring more staff members in-person. I believe that meeting them face-to-face creates an environment where people feel valued. Additionally, I would also like to remain active in my professional and business organisations, as I see this as an opportunity to make a positive impact not just on my mentees but also on my Firm.
Tax Notes
Circular on Newly Approved PERA UITFs by BSP
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 003-2026 on January 12, 2026, adding new Personal Equity Retirement Account (PERA) investment products to its accredited list. This update supplements earlier issuances—RMC Nos. 131-2016 and 30-2017—and aims to provide more options for Filipinos saving for retirement.