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Difficulty in tracking filing and payment status, delayed or missing notifications, and repeated data entry across systems remain common experiences for taxpayers using the Bureau of Internal Revenue’s (BIR) existing platforms.

The social media and to some extent, the print and broadcast media, have been full of lamentations and expressions of anger, frustrations and helplessness about our country’s present poor state.

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 47-2026, prescribing streamlined guidelines and procedures for the closure and/or cancellation of business registration with the BIR.

Closing a business in the Philippines may no longer be as complicated as it once was, following the Bureau of Internal Revenue’s (BIR) issuance of Revenue Memorandum Circular (RMC) No. 47-2026.

True nation-building, much like bayanihan, is not achieved overnight. And the Philippines path towards this lies in progress that evolves gradually and purposefully.

The Bureau of Internal Revenue (BIR) through Revenue Memorandum Circular (RMC) No. 46-2026 dated 18 May 2026, prescribes the procedures and deadlines for the submission of 2025 Audited Financial Statements (AFS) and other attachments through the Electronic Audited Financial Statements (eAFS) system.

In this article, I want to share why restructuring and transfer pricing are inseparable, and how Philippine taxpayers can move forward as local transfer pricing continues to evolve toward international practice.

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 38‑2026 implementing the requirements for taxpayers engaged in online business to post proof of BIR registration in their online platforms.