LVF Bookkeeping Services

14/04/2026

Pabakasyon na ko eh😜
Isa na lang para bukas😁

𝗔𝗡𝗡𝗨𝗔𝗟 𝗜𝗡𝗖𝗢𝗠𝗘 𝗧𝗔𝗫 𝗥𝗘𝗧𝗨𝗥𝗡 𝗗𝗘𝗔𝗗𝗟𝗜𝗡𝗘 𝗠𝗢𝗩𝗘𝗗 𝗧𝗢 𝗠𝗔𝗬 𝟭𝟱, 𝟮𝟬𝟮𝟲

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 30-2026, extending the deadline to May 15, 2026 for the filing of 2025 Annual Income Tax Returns, payment of the corresponding taxes due thereon, and submission of required attachments.

“In line with the directive of President Ferdinand R. Marcos Jr., this extension is meant to make tax compliance easier for taxpayers at a time when many are managing added strain from the ongoing energy crisis,” Commissioner Charlito Martin R. Mendoza said.

Taxpayers may file through the BIR’s electronic filing platforms and pay electronically through available payment platforms, or manually through the nearest Authorized Agent Banks.

RMC No. 30-2026: https://tinyurl.com/RMC302026

09/04/2026

𝟲 𝗱𝗮𝘆𝘀 𝗹𝗲𝗳𝘁 before the April 15, 2026 Annual Income Tax filing and payment deadline.

This is a daily reminder from the BIR to taxpayers to pay your exact 2025 Annual Income Tax on the day of filing your return. Today's guide is on the 𝗧𝗮𝘅 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀.

Avoid the rush - file and pay now!

06/04/2026

9 DAYS LEFT!

Pay as you file!

With the deadline fast approaching, the BIR is reminding taxpayers to pay their exact 2025 Annual Income Tax on the day of filing their Return.

Deadline: on or before April 15, 2026.

06/04/2026

𝗕𝗜𝗥 𝗦𝗔𝗬𝗦 𝗖𝗥𝗢𝗦𝗦-𝗕𝗢𝗥𝗗𝗘𝗥 𝗦𝗘𝗥𝗩𝗜𝗖𝗘𝗦 𝗡𝗢𝗧 𝗔𝗨𝗧𝗢𝗠𝗔𝗧𝗜𝗖𝗔𝗟𝗟𝗬 𝗧𝗔𝗫𝗔𝗕𝗟𝗘 𝗜𝗡 𝗣𝗛

The Bureau of Internal Revenue (BIR) has issued a revenue memorandum circular (RMC) clarifying that income from cross-border services are not automatically subject to Philippine income tax, setting clearer guidelines for how such transactions should be assessed for income tax purposes.

The BIR’s RMC No. 024-2026 sets guidance on the proper application of earlier issuances following the Supreme Court (SC) ruling in Aces Philippines Cellular Satellite Corporation v. Commissioner of Internal Revenue, amid concerns that the rules were being applied beyond their intended scope.

As a general rule, income from services is taxed where the service is performed. While the SC ruling allows consideration of where the benefit of the service is enjoyed, or where the economic activity occurs, the BIR stressed that taxability must still be determined based on the specific facts of each case.

The circular directs revenue officers to assess service agreements as a whole and cautions against isolating a single activity as the sole basis for taxation. Any tax assessment must clearly state its legal and factual basis, in line with Section 228 of the Tax Code.

To support compliance, the BIR outlined documents that taxpayers may present during audits to show that services were performed outside the Philippines, including service contracts, proof of foreign performance, and tax residency certificates.

The issuance also clarifies that taxpayers are not required to secure a prior BIR ruling to claim the proper tax treatment of cross-border transactions, provided they can substantiate their position during assessment.

BIR Commissioner Charlito Martin R. Mendoza said the circular aims to ensure more consistent and fair application of tax rules.

“The circular ensures that both revenue officers and taxpayers apply the rules on cross-border services in line with law and jurisprudence. It reinforces our commitment to fair enforcement while providing clear guidance to taxpayers,” Mendoza said.

https://www.bir.gov.ph/2026-Revenue-Memorandum-Circulars

28/03/2026

📢 TAX FILING EXTENDED SERVICE ANNOUNCEMENT

19/03/2026

FYI for OPC

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝗼𝗳 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝗳 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗦𝘁𝗼𝗰𝗸 – 𝗖𝗮𝘀𝗵 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗢𝗻𝗲 𝗣𝗲𝗿𝘀𝗼𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻𝘀 (𝗙𝗶𝗹𝗶𝗽𝗶𝗻𝗼 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹) 𝗶𝗻 𝗦𝗶𝗺𝗽𝗹𝗲 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗲𝗔𝗺𝗲𝗻𝗱 𝗦𝘆𝘀𝘁𝗲𝗺

The Securities and Exchange Commission (SEC) informs the public that effective 16 March 2026, applications for Increase of Authorized Capital Stock (Cash Payment) of One Person Corporations (Filipino National) will now be processed under the Simple Processing Lane via the eAMEND System.

This enhancement allows for faster processing and the issuance of digital certificates.

🔗 Access eAMEND here: https://eamend.sec.gov.ph/login

Read the full notice here: https://www.sec.gov.ph/notices-2026/inclusion-of-increase-of-capital-stock-cash-payment-for-one-person-corporations-filipino-national-in-simple-processing-under-the-eamend-system/

18/08/2025

FYI

What is Documentary Stamp Tax?

Is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer or an obligation, rights, or property incident thereto.

13/08/2025

𝐇𝐞𝐚𝐝𝐬 𝐮𝐩, 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬! 𝐌𝐚𝐲 𝐛𝐚𝐠𝐨𝐧𝐠 𝐃𝐒𝐓 𝐫𝐚𝐭𝐞𝐬 𝐬𝐚 𝐢𝐥𝐚𝐥𝐢𝐦 𝐧𝐠 𝐑𝐀 𝟏𝟐𝟐𝟏𝟒 (𝐂𝐌𝐄𝐏𝐀).

Quick guide:
• DS101 – 75% of 1% ng par value
• DS103 – 75% of 1% ng transaction value
• DS106 – 75% of 1% ng issue price (prorated kung < 1 year)

Habang ina-update ang eBIRForms/eFPS:
• Manual filing ng BIR Form 2000
• Magbayad sa kahit anong AAB
• Itago ang OR at stamped Form 2000

Note: Para ito sa original issue (issuers), hindi sa mga bumibili sa secondary market. Para sa iba pang impormasyon, coordinate with your RDO or bisitahin ang https://www.bir.gov.ph/.

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