BDB Law presents an advisory regarding BIR Revenue Memorandum Circular No. 96-2026, the Qualification of Export-Oriented Enterprises (EOEs) to VAT-Refund during the Transitory Period. Below are clarifications on Revenue Memorandum Circular No. 37-2025: The EOEs are...
The Bureau of Internal Revenue (BIR), through Revenue Memorandum Circular (RMC) No. 39-2026 dated April 23, 2026, has clarified the deadline for the filing of the 2025 Annual Income Tax Returns (AITR), payment of the corresponding taxes, and submission of all required...
The Securities and Exchange Commission (SEC) has issued a Notice dated April 14, 2026, announcing the extension of the deadlines for the filing of the 2025 Annual Financial Statements (AFS) and related reportorial requirements for corporations with fiscal year ending...
BDB Law has released its latest advisory, titled “The Court of Tax Appeals Temporarily Stops the Implementation of RMC No. 5-2024.” The update highlights a recent development in the Philippine tax landscape and provides guidance for businesses and stakeholders...
The last edition of Tax Tweets, the official monthly publication of Reyes Tacandong & Co., offers a deep dive into the latest regulatory shifts affecting the Philippine fiscal landscape. This issue primarily focuses on the Bureau of Internal Revenue (BIR)...
Whenever you pay for services from platforms like Meta or Google for online ads or any creative work, pay attention. You’re now facing a 37% tax hit overall, thanks to RMC 5-2024. That’s a significant dent. Profit margins could drop, with higher costs likely passed on...
