MEBT Tax and Accounting Services

14/04/2026

📢 ADVISORY: EXTENSION OF ITR FILING DEADLINE 📢
The Bureau of Internal Revenue (BIR) has officially extended the deadline for filing the 2025 Annual Income Tax Return (ITR) from April 15 to May 15, 2026, in accordance with Revenue Memorandum Circular (RMC) No. 30-2026.
✅ New Deadline: May 15, 2026
✅ Who are covered: Taxpayers required to file Annual ITRs
✅ No penalties for timely filing within the extended period
This extension gives taxpayers additional time to complete their returns accurately and submit the required supporting documents.
For guidance or assistance in filing your ITR, feel free to reach out. Let’s file on time and stay compliant! ✅

19/03/2026

📢 BIR Update for Small Business Owners
🗓️ Revenue Memorandum Circular (RMC) No. 014-2026
Issued: March 4, 2026

The Bureau of Internal Revenue has clarified its new tax audit policies to make the process more consistent and transparent.

🔑 What this means for you:

Changing or substituting revenue officers does not create a new audit authority.

Safeguards under RMO No. 001-2026 and RMO No. 006-2026 are reinforced.

Administrative adjustments in audit assignments remain valid without needing new approval from the Commissioner.

👉 For small business owners, this ensures smoother audits and fewer disruptions. Staying compliant has never been more important.

💡 Tip: Keep your records organized and updated to avoid issues during audits.

22/01/2026

22/01/2026

📢 SEC Update: MC No. 4, Series of 2026

Big news for micro-enterprises! 🚀

The Securities and Exchange Commission (SEC) has raised the threshold for mandatory audited financial statements from ₱600,000 ➡️ ₱3,000,000 in total assets or liabilities.

✅ Who benefits?
Stock and non-stock corporations classified as micro-enterprises.

✅ What’s required instead?
Financial statements + a Statement of Management’s Responsibility (SMR), signed under oath by authorized officers.

📅 Effective Date:
For fiscal years ending on or after Dec. 31, 2025.

⚠️ Exclusions:
Public Interest Entities (PIEs) under Groups A, B, or C must still submit audited financial statements regardless of asset size.

📌 Issued January 20, 2026, this policy aims to reduce compliance costs for small businesses while ensuring accountability.

20/01/2026

Still got a few hours to comply, y'all.
Make sure to pay/remit the withholding tax on compensation.

*snippet from the BIR website.

18/01/2026

Good day everyone!!!

For those who did not make it to the initial deadline of updating your books of accounts, here's Revenue Memorandum Circular (RMC) 4-26 update for you.

image below is taken from the BIR website.