BIR clarifies VAT treatment of allowable system loss charges
Tax NotesSystem loss refers to electricity that is lost during the transmission and distribution of power from generators to end-users.
BIR clarification on VAT refund eligibility for export-oriented nterprises
Tax NotesThe Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 96-2026 to clarify the VAT refund rules for export-oriented enterprises (EOEs) under RMC No. 37-2025.
RMC No. 94-2026: BIR issues additional guidelines on the utilization of PERA Tax Credit Certificates
Tax NotesThe Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 94-2026 to provide additional guidelines on the utilization of Personal Equity and Retirement Account Tax Credit Certificates (PERA TCCs). The Circular addresses common questions relating to the processing, release, validity, application, and monitoring of PERA TCCs under Republic Act No. 9505, otherwise known as the Personal Equity and Retirement Account (PERA) Act of 2008.
RMC No. 89-2026: Tax compliance deadlines extended for taxpayers in areas affected by southwest monsoon
Tax NotesThe Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 89-2026 on 10 August 2026, extending the deadlines for the filing of tax returns, payment of taxes, and submission of required documents for taxpayers within the jurisdiction of Revenue District Offices (RDOs) affected by the continuing heavy rainfall caused by the southwest monsoon.
Clarifications on One-Time Abatement Program for micro taxpayers
Tax NotesThe Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 84-2026 to clarify provisions of Revenue Regulations (RR) No. 04-2026, which sets out the guidelines and procedures for the availment of the one-time abatement of taxes and/or penalties for micro taxpayers.
Prescribing Guidelines and Procedures for the Availment of a One-Time Abatement of Taxes and Penalties for Micro Taxpayers under RR No. 4-2026
Tax NotesThe Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 4-2026 to prescribe the guidelines and procedures for the availment of a one-time abatement of taxes and penalties for eligible micro taxpayers.
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