The Bureau of Internal Revenue (BIR) through Revenue Memorandum Circular (RMC) No. 81-2025 dated September 3, 2025, reiterating the criteria and guidelines on the deductibility of ordinary and necessary expenses under the Tax Code.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order (RMO) No. 36-2025 to strengthen its audit program and enhance tax compliance. The revised guidelines, which took effect on August 18, 2025, broaden the scope of prescribed cases that must undergo audit through an electronic Letter of Authority (eLA).
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 18-2025 following the enactment of the Capital Markets Efficiency Promotion Act, also known as CMEPA, which removes the excise tax exemption on pick-up vehicles effective 1 July 2025.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulation No. 22-2025 to revise guidelines implementing Capital Market Efficiency Promotion Act (CMEPA) on the additional allowed deduction which a qualified employer may claim from its qualified actual contribution made to employee’s Personal Equity and Retirement Account (PERA) from July 1, 2025, onwards.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 19-2025 last August 5, 2025. This regulation implements key provisions of Republic Act No. 12214, also known as the “Capital Markets Efficiency Promotion Act” (CMEPA).
In a move to improve government efficiency and reduce red tape, the Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 07, Series of 2025.
In line with the Philippine government’s digital transformation initiatives and pursuant to Republic Act No. 12023 and its implementing rules, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 78-2025 on 29 July 2025.
The Bureau of Internal Revenue (BIR) circulated Republic Act No. 12214, otherwise known as the Capital Markets Efficiency Promotion Act (CMEPA), through Revenue Memorandum Circular No. 60-2025.
