History has been made as a new champion emerges at the 27th Search for Outstanding Accounting Students of the Philippines (SOASP).
Due to the recent earthquake in Sarangani and nearby provinces, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 0622026, June 9, 2026, extending the deadline for the filing of tax returns, submission of attachments, and payment of the corresponding taxes on June 30, 2026.
The closure of business and cancellation of tax registration with the Bureau of Internal Revenue (BIR) has historically been one of the most complex and compliance-heavy aspects of doing business in the Philippines.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 59-2026 on 2 June 2026 to provide further clarity on the implementation of the Value-Added Tax (VAT) on digital services under RR No. 3-2025.
Keeping up with the tax regulations is already challenging, and the inclusion of digital services adds further complexity. Recent guidance from the Bureau of Internal Revenue (BIR), however, provides welcome clarity.
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