Bancud & Bancud, CPAs - Tax & Accounting Solutions

Bancud & Bancud, CPAs - Tax & Accounting Solutions We recognized the need for a reliable, client-focused accounting and audit service provider.

BIR Update: Revenue Memorandum Order (RMO) No. 22-2026 prescribes the Consolidated and Revised Policies, Guidelines and ...
25/08/2026

BIR Update: Revenue Memorandum Order (RMO) No. 22-2026 prescribes the Consolidated and Revised Policies, Guidelines and Procedures for the Bureau of Internal Revenue Audit Program.

BIR Tax Advisory: Latest Version of the eBIRForms Offline PackageeBIRForms Installation Guide - https://bir-cdn.bir.gov....
17/08/2026

BIR Tax Advisory: Latest Version of the eBIRForms Offline Package

eBIRForms Installation Guide -https://bir-cdn.bir.gov.ph/BIR/pdf/eBIRForms_Package_Installation%20User%20Guide%20ver1.1.pdf

SEC ADVISORY ON UNAUTHORIZED ONLINE LENDING PLATFORMS (OLPs), MOBILE APPLICATIONS, AND WEBSITES
17/08/2026

SEC ADVISORY ON UNAUTHORIZED ONLINE LENDING PLATFORMS (OLPs), MOBILE APPLICATIONS, AND WEBSITES

BIR Update: Revenue Memorandum Circular (RMC) No. 95-2026 providing Extension of the Deadlines for the Filing of Tax Ret...
14/08/2026

BIR Update: Revenue Memorandum Circular (RMC) No. 95-2026 providing Extension of the Deadlines for the Filing of Tax Returns of Corresponding Taxes due Thereon, Including Submission of Required Documents for Taxpayers due to Unavailability of eBIRForms Offline Package.

Philhealth Update: ๐—ฃ๐—ต๐—ถ๐—น๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐—”๐—ฑ๐˜ƒ๐—ถ๐˜€๐—ผ๐—ฟ๐˜† ๐—ก๐—ผ. ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ-๐Ÿฌ๐Ÿฌ๐Ÿฐ๐ŸฎReimbursement Claims Abroad and Premium Contributions
14/08/2026

Philhealth Update: ๐—ฃ๐—ต๐—ถ๐—น๐—›๐—ฒ๐—ฎ๐—น๐˜๐—ต ๐—”๐—ฑ๐˜ƒ๐—ถ๐˜€๐—ผ๐—ฟ๐˜† ๐—ก๐—ผ. ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ-๐Ÿฌ๐Ÿฌ๐Ÿฐ๐Ÿฎ

Reimbursement Claims Abroad and Premium Contributions

BIR News: BIR 7-MONTH COLLECTION SURPASSES TWO TRILLION PESOS; BEATS GOAL BY P13.5 BILLION.
13/08/2026

BIR News: BIR 7-MONTH COLLECTION SURPASSES TWO TRILLION PESOS; BEATS GOAL BY P13.5 BILLION.

BIR Update: Revenue Memorandum Order (RMO) No. 21-2026 Guidelines and Procedures in the Pilot Implementation of the Docu...
13/08/2026

BIR Update: Revenue Memorandum Order (RMO) No. 21-2026

Guidelines and Procedures in the Pilot Implementation of the Document Tracking and Management System (DTMS)

BIR Update: Revenue Memorandum Circular (RMC) No. 94-2026 Additional Guidelines on the Utilization of the Personal Equit...
13/08/2026

BIR Update: Revenue Memorandum Circular (RMC) No. 94-2026

Additional Guidelines on the Utilization of the Personal Equity and Retirement Account Tax Credit Certificates

13/08/2026

๐—•๐—œ๐—ฅ ๐Ÿณ-๐— ๐—ข๐—ก๐—ง๐—› ๐—–๐—ข๐—Ÿ๐—Ÿ๐—˜๐—–๐—ง๐—œ๐—ข๐—ก ๐—ฆ๐—จ๐—ฅ๐—ฃ๐—”๐—ฆ๐—ฆ๐—˜๐—ฆ ๐—ง๐—ช๐—ข ๐—ง๐—ฅ๐—œ๐—Ÿ๐—Ÿ๐—œ๐—ข๐—ก ๐—ฃ๐—˜๐—ฆ๐—ข๐—ฆ; ๐—•๐—˜๐—”๐—ง๐—ฆ ๐—š๐—ข๐—”๐—Ÿ ๐—•๐—ฌ ๐—ฃ๐Ÿญ๐Ÿฏ.๐Ÿฑ ๐—•๐—œ๐—Ÿ๐—Ÿ๐—œ๐—ข๐—ก

The Bureau of Internal Revenue (BIR) collected a total of P2.003 trillion from January to July 2026, surpassing the P1.990 trillion goal for the period by P13.53 billion or 0.68%.

The seven-month collection was also P102.60 billion higher than the same period last year, representing a 5.4% year-on-year growth.

Commissioner Charlito Martin R. Mendoza said the BIR has already collected around 60% of its full-year collection target for 2026, reflecting improving taxpayer compliance and the sustained collection efforts of the Revenue Regions, Revenue District Offices, and the Large Taxpayers Service.

โ€œWe remain guided by the Presidentโ€™s directive to make government services more accessible to taxpayers, and by Secretary Frederick Goโ€™s direction to make tax administration fairer and more efficient for businesses and investors,โ€ he added.

For the month of July alone, BIR gross collections reached P358.44 billion, exceeding the P336.07 billion monthly target by P22.37 billion, or 6.66%. July collections were also P19.41 billion higher than the same month last year, posting 5.73% year-on-year growth.

โ€œThese results show that better taxpayer service, clearer rules, and effective enforcement can support stronger compliance and collection,โ€ Commissioner Mendoza said.

Under its five-point reform agenda, BIR DARES, the Bureau continues to simplify tax rules and processes, expand digital services, improve taxpayer assistance, strengthen audit safeguards, and enforce tax laws against deliberate noncompliance. These reforms form part of the Bureauโ€™s broader effort to improve compliance while protecting the governmentโ€™s revenue base.

โ€œWe will continue helping taxpayers comply correctly and on time, while making sure that taxes properly due are collected fairly and efficiently,โ€ Commissioner Mendoza said.

PEZA Update: PEZA Memorandum Circular No. 2026-049EnterpriseGuidelines on the Processing of Registration and Accreditati...
13/08/2026

PEZA Update: PEZA Memorandum Circular No. 2026-049

Enterprise

Guidelines on the Processing of Registration and Accreditation as Exporter and Importer through Bureau of Customs - Client Profile Registration System

Annex A:https://www.peza.gov.ph/sites/default/files/m.c._no._2026-049_processing_of_registration_accreditation_as_exporter_importer_thru_boc-cprs.pdf

Address

Bel-Air
Makati
1210

Alerts

Be the first to know and let us send you an email when Bancud & Bancud, CPAs - Tax & Accounting Solutions posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Bancud & Bancud, CPAs - Tax & Accounting Solutions:

Shortcuts

Share