Outright Biz Solutions and Consultancy, Inc.

Outright Biz Solutions and Consultancy, Inc. Since 2014, OBSC has been on a mission with heart: to break free from the ordinary and provide exceptional results.

While some accountants might just go through the motions, we at OBSC believe in empowering business owners with correct financial data.

Smart minds. Quick thinking. Well-deserved wins. Congratulations to our Quiz Bee champions -- our 1st Quarter Employee A...
09/05/2026

Smart minds. Quick thinking. Well-deserved wins.

Congratulations to our Quiz Bee champions -- our 1st Quarter Employee Awardees!

Real experience. Real growth. ๐Ÿ’™From learning the basics to gaining real-world accounting experience, Jozel shares how he...
30/04/2026

Real experience. Real growth. ๐Ÿ’™

From learning the basics to gaining real-world accounting experience, Jozel shares how her internship at OBSC helped her build confidence, strengthen her technical skills, and better understand the full accounting cycle.

Thank you for being part of OBSC, Jozel! ๐Ÿ’™
Get it Right with Outright. ๐Ÿ’œ๐Ÿ’—

Tax season is still in progressโ€ฆ but definitely worth celebrating ๐ŸŽ‰We may not be at the finish line yet (hello, extended...
24/04/2026

Tax season is still in progressโ€ฆ but definitely worth celebrating ๐ŸŽ‰

We may not be at the finish line yet (hello, extended deadline ๐Ÿ˜…), but the progress weโ€™ve made so far deserves a pause and a little celebration.

After weeks of deadlines, reports, and non-stop client work, we took a quick breakโ€”with good food, lots of laughs, and a fun icebreaker game that brought out everyoneโ€™s competitive (and funny!) side ๐Ÿ˜‚

Because sometimes, itโ€™s not just about the endโ€”it's about recognizing the wins along the way ๐Ÿ’™

Letโ€™s finish strong, team!
Get it Right with Outright.

Annual ITR filing for TY 2025 is extended from April 15, 2026 to May 16, 2026 (Revenue Memorandum Circular No. 30-2026)....
14/04/2026

Annual ITR filing for TY 2025 is extended from April 15, 2026 to May 16, 2026 (Revenue Memorandum Circular No. 30-2026).

Source:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2030-2026.pdf

๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐Œ๐ž๐ฆ๐จ๐ซ๐š๐ง๐๐ฎ๐ฆ ๐‚๐ข๐ซ๐œ๐ฎ๐ฅ๐š๐ซ (๐‘๐Œ๐‚) ๐๐จ. ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐œ๐ฅ๐š๐ซ๐ข๐Ÿ๐ข๐ž๐ฌ ๐ญ๐ก๐ž ๐ข๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‘๐Œ๐‚ ๐๐จ. ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”, ๐‘๐Œ๐Ž ๐๐จ. ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”, ๐š๐ง๐ ๐‘๐Œ๐Ž ๐๐จ...
09/03/2026

๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐Œ๐ž๐ฆ๐จ๐ซ๐š๐ง๐๐ฎ๐ฆ ๐‚๐ข๐ซ๐œ๐ฎ๐ฅ๐š๐ซ (๐‘๐Œ๐‚) ๐๐จ. ๐Ÿ๐Ÿ’-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐œ๐ฅ๐š๐ซ๐ข๐Ÿ๐ข๐ž๐ฌ ๐ญ๐ก๐ž ๐ข๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‘๐Œ๐‚ ๐๐จ. ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”, ๐‘๐Œ๐Ž ๐๐จ. ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ”, ๐š๐ง๐ ๐‘๐Œ๐Ž ๐๐จ. ๐Ÿ”-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐ซ๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ฎ๐ฆ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ญ๐š๐ฑ ๐š๐ฎ๐๐ข๐ญ๐ฌ, ๐ญ๐ก๐ž ๐’๐ข๐ง๐ ๐ฅ๐ž-๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐œ๐ž ๐€๐ฎ๐๐ข๐ญ ๐…๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค, ๐š๐ง๐ ๐œ๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ฆ๐ฎ๐ฅ๐ญ๐ข๐ฉ๐ฅ๐ž ๐š๐ฎ๐๐ข๐ญ ๐š๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ฌ๐ฌ๐ฎ๐ž๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐ž๐š๐ฎ ๐จ๐Ÿ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ฅ ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž.

Key Clarifications

๐Ÿ. ๐‘๐ž๐ฉ๐ฅ๐š๐œ๐ž๐ฆ๐ž๐ง๐ญ ๐ž๐‹๐€ (๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐‹๐ž๐ญ๐ญ๐ž๐ซ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ญ๐ฒ)
- Issued when revenue officers are reassigned or replaced.
- Not considered a new audit authority if taxpayer, taxable period, and scope remain unchanged.
- Cannot expand the audit to new taxable periods.

๐Ÿ. ๐•๐š๐ฅ๐ข๐๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐๐ซ๐ข๐จ๐ซ ๐€๐ฎ๐๐ข๐ญ ๐ˆ๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ
- LOAs/eLAs issued before RMO 1-2026 remain valid and enforceable.

๐Ÿ‘. ๐“๐•๐ ๐’๐œ๐จ๐ฉ๐ž ๐‹๐ข๐ฆ๐ข๐ญ๐š๐ญ๐ข๐จ๐ง
- A Tax Verification Notice (TVN) is limited to the transaction stated in the notice.
- Broader issues require a separate eLA.

๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž๐ฌ
๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐Ÿ‘, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€“ Deadline to request non-consolidation of VAT audit cases.
๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€“ Automatic consolidation of multiple LOAs/eLAs for the same taxpayer and period.
๐Œ๐š๐ฒ ๐Ÿ๐Ÿ“, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€“ Deadline for VAT audit units to complete transfer and preparation of cases.
๐Œ๐š๐ฒ ๐Ÿ๐Ÿ–, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€“ Mandatory consolidation of remaining audits.
๐Œ๐š๐ฒ ๐Ÿ๐Ÿ—, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€“ Final wind-down of VAT audit offices.

๐’๐จ๐ฎ๐ซ๐œ๐ž:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2014-2026.pdf

๐ŸŽ‰ Happy Birthday to our incredible Managing Director, Sir Ice! ๐ŸŽ‚โœจThank you for your leadership, guidance, and unwavering...
06/03/2026

๐ŸŽ‰ Happy Birthday to our incredible Managing Director, Sir Ice! ๐ŸŽ‚โœจ

Thank you for your leadership, guidance, and unwavering support that keeps OBSC moving forward. Wishing you a year filled with success, joy, and unforgettable moments! ๐Ÿฅณ๐ŸŽ

Ms. Larry has been a consistent and dependable part of OBSC's journey. Her contributions to our operations over the past...
22/02/2026

Ms. Larry has been a consistent and dependable part of OBSC's journey. Her contributions to our operations over the past decade are deeply appreciated.

Thank you for 10 years of commitment.

๐๐ˆ๐‘ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐‘๐‘ ๐๐จ. ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐•๐€๐“ ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐‚๐ฅ๐š๐ซ๐ข๐Ÿ๐ข๐ž๐ ๐Ÿ๐จ๐ซ ๐‘๐๐„๐ฌ & ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž ๐„๐ฑ๐ญ๐ž๐ง๐๐ž๐โฃโฃRevenue Regulations (RR) No. 1-20...
20/02/2026

๐๐ˆ๐‘ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐‘๐‘ ๐๐จ. ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐•๐€๐“ ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐‚๐ฅ๐š๐ซ๐ข๐Ÿ๐ข๐ž๐ ๐Ÿ๐จ๐ซ ๐‘๐๐„๐ฌ & ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž ๐„๐ฑ๐ญ๐ž๐ง๐๐ž๐โฃ
โฃ
Revenue Regulations (RR) No. 1-2026 amends RR No. 9-2025 to clarify VAT rules on local sales of Registered Business Enterprises (RBEs), allow optional VAT registration, define exclusions, and extend the system reconfiguration deadline. โฃ
โฃ
๐„๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ข๐ฏ๐ž ๐ƒ๐š๐ญ๐ž:โฃ
Takes effect 15 days after publication in the Official Gazette or BIR website. โฃ
โฃ
๐Š๐ž๐ฒ ๐‚๐ก๐š๐ง๐ ๐ž๐ฌ & ๐‚๐ฅ๐š๐ซ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌโฃ
โฃ
1. VAT on RBE Local Sales (B2B):โฃ
- VAT on purchases from ecozones/freeports is paid per transaction using BIR Form 0605 prior to release of goods.โฃ
- Bulk shipments may be paid in one consolidated payment. โฃ
โฃ
2. Optional VAT Registration for RBEs:โฃ
- RBEs under 5% SCIT or GIE may opt to register as VAT taxpayers for local sales.โฃ
- Registration cannot be cancelled for 3 years. โฃ
โฃ
3. Transactions Excluded from VAT on Local Sales Rules:โฃ
- VAT zero-rated and VAT-exempt transactionsโฃ
- Non-qualifying Domestic Market Enterprisesโฃ
- Sales unrelated to registered RBE activities (subject to regular 12% VAT) โฃ
โฃ
๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐ญ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐žโฃ
System reconfiguration deadline extended to: ๐Ÿ‘‰ ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ‘๐Ÿ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” (for POS/CAS/invoicing systems reflecting VAT on local sales). โฃ
โฃ
Source:โฃ
https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%201-2026.pdf

๐’๐„๐‚ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐Œ๐‚ ๐๐จ. ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐€๐…๐’ & ๐†๐ˆ๐’ ๐…๐ข๐ฅ๐ข๐ง๐  ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž๐ฌโฃโฃSEC Memorandum Circular No. 9-2026 prescribes t...
19/02/2026

๐’๐„๐‚ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐Œ๐‚ ๐๐จ. ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐€๐…๐’ & ๐†๐ˆ๐’ ๐…๐ข๐ฅ๐ข๐ง๐  ๐‘๐ฎ๐ฅ๐ž๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž๐ฌโฃ
โฃ
SEC Memorandum Circular No. 9-2026 prescribes the 2026 filing guidelines for Annual Financial Statements (AFS) and General Information Sheet (GIS) for all corporations under the Securities and Exchange Commission. โฃ
โฃ
๐Š๐„๐˜ ๐ƒ๐„๐€๐ƒ๐‹๐ˆ๐๐„๐’:โฃ
โฃ
๐…๐จ๐ซ ๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐ข๐ญ๐ก ๐Ÿ๐ข๐ฌ๐œ๐š๐ฅ ๐ฒ๐ž๐š๐ซ ๐ž๐ง๐๐ข๐ง๐  ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ‘๐Ÿ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“:โฃ
- AFS filing: May 29, 2026 โฃ
- Late submissions are subject to penalties.โฃ
โฃ
๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐Ÿ๐ข๐ฌ๐œ๐š๐ฅ ๐ฒ๐ž๐š๐ซ:โฃ
- File within 120 days from fiscal year end. โฃ
โฃ
๐†๐ˆ๐’ ๐…๐ข๐ฅ๐ข๐ง๐ :โฃ
Within 30 days from:โฃ
- Stockholdersโ€™ meeting (stock corporations)โฃ
- Membersโ€™ meeting (non-stock corporations)โฃ
- License anniversary date (foreign corporationss) โฃ
โฃ
๐Œ๐š๐ฃ๐จ๐ซ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐‘๐ฎ๐ฅ๐ž๐ฌ:โฃ
- All submissions must be filed online via ๐ž๐…๐€๐’๐“; email and manual submissions are no longer accepted. โฃ
- AFS must show BIR receipt stamp or eAFS confirmation. โฃ
- Corporations above โ‚ฑ3M assets/liabilities threshold must submit AFS; those below may submit FS with Notarized Statement of Management Responsibility (SMR). โฃ
- Reports with poor quality or errors may be reverted and considered not filed. โฃ
โฃ
๐’๐จ๐ฎ๐ซ๐œ๐ž:โฃ
https://www.sec.gov.ph/mc-2026/sec-mc-no-09-series-of-2026/ .tab=0

At OBSC, we believe internships should be more than just compliance workโ€”they should be about learning, growth, and real...
09/02/2026

At OBSC, we believe internships should be more than just compliance workโ€”they should be about learning, growth, and real-world experience.

Thanks to Ivy who completed her internship last Friday, Feb 7, for sharing her feedback and being part of our team!

๐๐ˆ๐‘ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐‘๐Œ๐‚ ๐๐จ. ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ๐ฌ ๐š๐ง๐ ๐…๐ข๐ž๐ฅ๐ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐‘๐ž๐ฌ๐ฎ๐ฆ๐žโฃโฃRevenue Memorandum Circular No. 8-2026 lifts the ...
27/01/2026

๐๐ˆ๐‘ ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ๐ฒ: ๐‘๐Œ๐‚ ๐๐จ. ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” โ€” ๐“๐š๐ฑ ๐€๐ฎ๐๐ข๐ญ๐ฌ ๐š๐ง๐ ๐…๐ข๐ž๐ฅ๐ ๐Ž๐ฉ๐ž๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐‘๐ž๐ฌ๐ฎ๐ฆ๐žโฃ
โฃ
Revenue Memorandum Circular No. 8-2026 lifts the suspension of tax audits and related field operations that were previously halted under RMC No. 107-2025, as clarified by RMC No. 109-2025. All BIR audit and enforcement activities are now authorized to resume nationwide. โฃ
โฃ
๐„๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ข๐ฏ๐ž ๐ƒ๐š๐ญ๐ž:โฃ
January 27, 2026 โ€” ๐ž๐Ÿ๐Ÿ๐ž๐œ๐ญ๐ข๐ฏ๐ž ๐ข๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž๐ฅ๐ฒ.โฃ
โฃ
๐–๐ก๐š๐ญ ๐€๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ข๐ž๐ฌ ๐‘๐ž๐ฌ๐ฎ๐ฆ๐ž:โฃ
- Issuance of Electronic Letters of Authority (eLAs), Mission Orders (MOs), and Tax Verification Notices (TVNs)โฃ
- Continuation and completion of audit cases previously suspendedโฃ
Enforcement, verification, assessment, and collection activities requiring audit or field operationsโฃ
- Other audit/enforcement actions necessary to protect revenue and ensure compliance, subject to existing controlsโฃ
โฃ
All resumed audits must comply with Revenue Memorandum Order (RMO) No. 001-2026, which prescribes revised audit policies, controls, and procedures. โฃ
โฃ
Previously, audits and field operations were suspended. This circular formally resumes all such activities and signals a return to regular audit operations, with updated internal controls.โฃ
โฃ
๐’๐จ๐ฎ๐ซ๐œ๐ž:โฃ
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%208-2026.pdfโฃ

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