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National Internal Revenue Code of 1997 5th Edition
With an international conflict thousands of miles away turn into an on-the-ground daily battle of survival, the Philippine Congress passed Republic Act No. 12316 aimed at providing responsive actions to the ongoing energy crisis.
War in the Middle East has disrupted oil supply routes, driven crude prices past psychological thresholds, and once again exposed how vulnerable an import dependent- country can be when geopolitics intrudes into daily life.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 24‑2026 to clarify the proper application of RMC Nos. 5‑2024 and 38‑2024 on the tax treatment of cross‑border services.
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.
As the world marks Earth Month this April, the Philippines is entering a transformative chapter in its sustainability journey, one that moves the conversation beyond awareness and advocacy toward accountability, action, and measurable impact.
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.
For Mindanao businesses, conflict in the Middle East is not a distant headline. It shows up as volatile fuel and logistics costs, delayed shipments of parts and raw materials, and heightened fraud risks as criminals exploit uncertainty.
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 22026, to implement the value-added tax (VAT) exemption granted under Republic Act (RA) No. 12120, otherwise known as the Philippine Natural Gas Industry Development Act. RR No. 2-2026, to promote the development and utilization of indigenous natural gas in the Philippines.
