The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 27-2026, publishing the updated list of medicines exempt from 12-percent value-added tax (VAT), as endorsed by the Food and Drug Administration (FDA). Released on April 8, 2026, the circular covers 2,263...
For failure to file a timely protest on the Bureau of Internal Revenue’s (BIR) tax assessment, the Court of Tax Appeals (CTA) affirmed the P65.8 million in internal revenue taxes for 2017 levied against Sirawai Plywood and Lumber Corporation based in Zamboanga del Norte. In its March 31, 2026...
Senator Sherwin "Win" Gatchalian is seeking an inquiry into the status of the Bureau of Internal Revenue 's (BIR) digitalization program as the April 15 deadline for the filing of income tax returns (ITRs) is fast approaching. Gatchalian filed a resolution to hold an inquiry into BIR...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 20-2026, providing guidelines for the filing of annual income tax returns (AITRs) and payment of taxes for calendar year 2025. BIR Commissioner Charito Martin R. Mendoza said the circular supports the Ease of...
The Bureau of Internal Revenue (BIR) has clarified that income from cross-border services is not automatically subject to Philippine income tax, providing clearer guidance on how such transactions should be evaluated. In Revenue Memorandum Circular (RMC) No. 24-2026, the BIR outlined the proper...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 23-2026, providing clearer guidelines to streamline the availment of tax incentives for private-sector partnerships in education. The circular clarifies the implementation of Revenue Regulations (RR) No. 13-2025,...
The government is maintaining its ₱360 billion excise tax target for this year, betting on domestic resilience even as the government prepares to potentially sacrifice billions in fuel revenue to offset Middle East oil shocks. This comes despite the likelihood that President Ferdinand Marcos Jr....
The Bureau of Internal Revenue (BIR) clarified that cross-border services, including information technology outsourcing and consulting, are not subject to automatic income tax, easing concerns among multinational firms about the 2024 rule, which appeared to broaden the government’s reach. In a...
As the April 15 deadline for the filing of annual income tax returns (ITRs) approaches, Sen. Sherwin Gatchalian called on the Bureau of Internal Revenue (BIR) to ensure the full and effective implementation of the law that makes filing of such document easier and faster. Gatchalian is referring to...
The Bureau of Internal Revenue (BIR) has authorized Philippine National Oil Co.-Exploration Corp. (PNOC-EC) to bypass standard customs delays for emergency fuel shipments to stabilize the nation’s energy supply amid worsening domestic crunch. In a statement on Monday, March 30, BIR Commissioner...
In a bid to strengthen tax collection and improve field operations, the Bureau of Internal Revenue (BIR) has rolled out a sweeping leadership reshuffle, reassigning around 40 key officials across the country. The revamp, which covers positions from regional directors down to revenue district...
The Bureau of Internal Revenue (BIR) discussed some of its reforms on Tuesday, Feb. 10, aimed at addressing the alleged money-making scheme involving Letters of Authority (LOAs) within the agency by minimizing human intervention. During the hearing of the Senate Blue Ribbon Committee, Senator...
