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The Philippine Real Estate Investment Trust (REIT) market welcomed 2026 with a new stage of development with the issuance of Securities and Exchange Commission (SEC) Memorandum Circular No. 1, Series of 2026, amending the Implementing Rules and Regulations (IRR) of the REIT Act of 2009, or RA 9856.
On March 30, 2026, the Bureau of Internal Revenue (BIR) seems to have taken a step back with the issuance of RMC No. 24-2026, which appears to have tempered the reach of RMC No. 5 2024.
Despite its indirect impact on the Philippines, with Iran being roughly 7,000 kilometres away from the Philippines, some ordinary Filipinos may feel less concerned about the conflict between US, Israel, and Iran as it unfolds on the ground in the Middle East.
Early this year, reports emerged that certain members of the House of Representatives initiated House Bill No. 7844, which aims to repeal the VAT on digital services.
The Bureau of Internal Revenue (BIR) has introduced organisational structure and rolled out recent regulations emphasising a stricter system of checks and balances.
The landscape of Value-Added Tax (VAT) for Registered Business Enterprises (RBEs) in the Philippines has undergone a significant recalibration.
For years, the relationship between the Bureau of Internal Revenue (BIR) and the Filipino taxpayers has been fraught with stress, uncertainty, and administrative friction.
On 27 January 2026, The Bureau of Internal Revenue (BIR) officially announced the lifting of its stop-audit order, signalling the resumption of full audit and enforcement activities with the issuance of Revenue Memorandum Order No. 001-2026.
