Davao CPA

Davao CPA About Davao CPAs: Your Trusted CPA Partner in Davao & Mindanao

Welcome to our professional corner!

Davao CPAs help you with Tax filing, Tax preparation, estate tax, other taxes, auditing, bookkeeping, business compliance, permits, foreign company registration, and other financial related concerns in different industries in the Philippines. We are dedicated and licensed Certified Public Accountant (CPA) proudly serving the vibrant communities and growing businesses across the Davao Region and

the wider Mindanao area. With a strong foundation in accounting principles and auditing standards, our core mission is to provide reliable, accurate, and insightful financial services tailored to your specific needs. Whether you're an individual navigating tax obligations, a small business seeking clarity in your finances, or a larger entity requiring robust audit assurance, We are committed to delivering excellence and integrity in every engagement. My deep understanding of the local Mindanao economic landscape allows us to offer solutions that are not only technically sound but also contextually relevant. Our expertise extends significantly into specialized financial consulting services, where We focus on empowering key sectors vital to our region's development. We possess substantial experience and a proven track record working with the unique financial complexities of the Power Industry, helping entities manage costs, optimize operations, and ensure regulatory compliance. Furthermore, We are deeply engaged with the Education Sector, assisting Schools (from primary to tertiary) with sound financial management, budgeting, internal controls, and audit readiness. A significant portion of our practice is dedicated to strengthening the financial backbone of community-focused institutions, providing tailored consulting and compliance solutions for Cooperative and Rural Banks as well as Primary Cooperatives. We understand the distinct regulatory environment and operational challenges these organizations face and am passionate about helping them achieve financial sustainability and growth. Choosing the right CPA is about finding a partner who understands your goals and challenges. We bring not just technical accounting and auditing proficiency, but also strategic financial insight honed through years of focused experience within Mindanao's diverse industries. Our approach is collaborative, proactive, and always focused on delivering tangible value โ€“ helping you make informed decisions, mitigate risks, ensure compliance, and ultimately achieve greater financial success. We invite you to explore our page, learn more about the services we offer, and discover how we can support your financial journey. Let's connect and discuss how we can be your trusted financial advisor right here in Davao and throughout Mindanao.

VAT
20/05/2026

VAT

A VAT Registered Taxpayer? Be reminded that you need to submit a Summary List of Sales and Purchases as an attachment to the e-Filed BIR Form 2550Q.

๐—•๐—œ๐—ฅ ๐—Ÿ๐—”๐—จ๐—ก๐—–๐—›๐—˜๐—ฆ โ€œ๐—˜๐—”๐—ฆ๐—˜ ๐—ข๐—™ ๐—–๐—Ÿ๐—ข๐—ฆ๐—œ๐—ก๐—š ๐—•๐—จ๐—ฆ๐—œ๐—ก๐—˜๐—ฆ๐—ฆโ€ ๐—š๐—จ๐—œ๐——๐—˜๐—Ÿ๐—œ๐—ก๐—˜๐—ฆ ๐—™๐—ข๐—ฅ ๐—ง๐—”๐—ซ ๐—ฅ๐—˜๐—š๐—œ๐—ฆ๐—ง๐—ฅ๐—”๐—ง๐—œ๐—ข๐—ก ๐—–๐—”๐—ก๐—–๐—˜๐—Ÿ๐—Ÿ๐—”๐—ง๐—œ๐—ข๐—ก; ๐—ง๐—”๐—ซ ๐—–๐—Ÿ๐—˜๐—”๐—ฅ๐—”๐—ก๐—–๐—˜ ๐—ฅ๐—˜๐—Ÿ๐—˜๐—”๐—ฆ๐—˜๐—— ๐—”๐—ฆ ๐—™๐—”๐—ฆ๐—ง ๐—”๐—ฆ ...
20/05/2026

๐—•๐—œ๐—ฅ ๐—Ÿ๐—”๐—จ๐—ก๐—–๐—›๐—˜๐—ฆ โ€œ๐—˜๐—”๐—ฆ๐—˜ ๐—ข๐—™ ๐—–๐—Ÿ๐—ข๐—ฆ๐—œ๐—ก๐—š ๐—•๐—จ๐—ฆ๐—œ๐—ก๐—˜๐—ฆ๐—ฆโ€ ๐—š๐—จ๐—œ๐——๐—˜๐—Ÿ๐—œ๐—ก๐—˜๐—ฆ ๐—™๐—ข๐—ฅ ๐—ง๐—”๐—ซ ๐—ฅ๐—˜๐—š๐—œ๐—ฆ๐—ง๐—ฅ๐—”๐—ง๐—œ๐—ข๐—ก ๐—–๐—”๐—ก๐—–๐—˜๐—Ÿ๐—Ÿ๐—”๐—ง๐—œ๐—ข๐—ก; ๐—ง๐—”๐—ซ ๐—–๐—Ÿ๐—˜๐—”๐—ฅ๐—”๐—ก๐—–๐—˜ ๐—ฅ๐—˜๐—Ÿ๐—˜๐—”๐—ฆ๐—˜๐—— ๐—”๐—ฆ ๐—™๐—”๐—ฆ๐—ง ๐—”๐—ฆ ๐—ง๐—›๐—ฅ๐—˜๐—˜ ๐——๐—”๐—ฌ๐—ฆ

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the โ€œEase of Paying Taxes Act.โ€

โ€œThis is our โ€˜Ease of Closing Businessโ€™ reform,โ€ Commissioner Charlito Martin R. Mendoza said. โ€œIn line with President Ferdinand R. Marcos Jr.โ€™s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Goโ€™s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.โ€
โ€œFrom improving the ease of doing business and the ease of paying taxes, this reform completes the BIRโ€™s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,โ€ he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.
The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.
Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayerโ€™s registered form types shall likewise be placed under โ€œderegisteredโ€ status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.
In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

Processing! Processing!  Processing! ๐Ÿ‘Œ We'll help you with Processing so you can do what's important for your business!
28/04/2026

Processing! Processing! Processing! ๐Ÿ‘Œ We'll help you with Processing so you can do what's important for your business!

Congratulations to our newly registered Corporation ๐Ÿข in Davao. ๐Ÿ“ˆMay your journey towards building better Davao come tru...
23/04/2026

Congratulations to our newly registered Corporation ๐Ÿข in Davao. ๐Ÿ“ˆMay your journey towards building better Davao come true ๐Ÿ“Š

Davao CPAs at 1CISP General Assembly
12/04/2026

Davao CPAs at 1CISP General Assembly

BYD Ti7 Luxury SUV (To Inspire you!) ๐Ÿ™‚
01/04/2026

BYD Ti7 Luxury SUV (To Inspire you!) ๐Ÿ™‚

New Arrival! 2026 BYD Ti7 Super Premium - New Performance Exterior and Interior********************BYD Cambodia Contact Us: ๐Ÿฌ๐Ÿญ๐Ÿณ ๐Ÿฑ๐Ÿฑ๐Ÿฑ ๐Ÿต๐Ÿฎ๐Ÿฐ (Telegram) #2...

Income Tax Return ITR Filing deadline is April 15, Let us help you file properly on time or in advance. Leave a message ...
08/03/2026

Income Tax Return ITR Filing deadline is April 15, Let us help you file properly on time or in advance. Leave a message at Davao CPAs.

Lets talk about your financial peace of mind, as tax season doesn't have to be stressful. ๐Ÿ“ŠโœจAt MP Management Consultancy...
08/03/2026

Lets talk about your financial peace of mind, as tax season doesn't have to be stressful. ๐Ÿ“Šโœจ

At MP Management Consultancy Firm, we provide services for you through every number that matters from tax filing to financial modelling. Let us handle the complexity so you can focus on other important things and have a peace of mind.

Whether you need help with tax, bookkeeping, auditing, or estate tax, weโ€™ve got you covered. Stress less and file on time with MP Management Consultancy Firm.

The Services we offer:
โœ… Financial Statement Preparation
โœ… Tax Filing & Auditing
โœ… Bookkeeping
โœ… Financial Modelling
โœ… Estate Tax

Plan smarter, grow faster. Letโ€™s talk.

๐Ÿ“ž Contact Toti Patrimonio today!
(+63)917-716-0347

๐Ÿ“ง [email protected]

03/03/2026

We can help: Audit of Financial Statements and Filing of Income Tax Return to BIR

Tax Preparation and FilingFinancial Statement Audit
23/02/2026

Tax Preparation and Filing
Financial Statement Audit

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