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.
In response to the amendments introduced under Republic Act (RA) No. 12066, otherwise known as the CREATE MORE Act, the Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular (RMC) No. 71-2025, which prescribes a revised format for the Value Added Tax (VAT) Zero-Rating Certificate, that shall be issued by investment promotion agencies (IPAs) to registered business enterprises (RBEs).
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 65-2025 to provide clear guidance on the types of Books of Accounts that may be registered by new business taxpayers during the registration process.
