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The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Order (RMO) No. 38-2025, which consolidates and updates the documentary requirements, procedures, and timelines for processing excise tax refund claims on petroleum products. RMO No. 38-2025 supersedes RMO No. 16-2024 and aligns with recent amendments under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, Ease of Paying Taxes (EOPT) Act, and Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

Last September 03, 2025, the Bureau of Internal Revenue (BIR), through Revenue Regulations No. 23-2025, has issued updated policies and procedures governing the implementation of the tax subsidy granted by the Fiscal Incentives Review Board (FIRB) to the Armed Forces of the Philippines Commissary and Exchange Service (AFPCES).

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.