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10/04/2025

📢 BIR ISSUES RMC NO. 34-2025: GUIDELINES ON THE FILING OF 2024 ANNUAL INCOME TAX RETURNS (AITR)
🧾 For Calendar Year 2024

The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular (RMC) No. 34-2025, setting forth the rules on the filing of Annual Income Tax Returns (AITR) and the payment of taxes due thereon.

1️⃣ Filing of AITRs for Calendar Year 2024 shall be done electronically via:
🔹 eFPS
🔹 eBIRForms
🔹 BIR-accredited Tax Software Providers (TSPs)

2️⃣ Manual filing shall be allowed only in the following instances:
🔹 When the taxpayer is an individual engaged in business and classified as a micro or small enterprise using BIR Form 1701-MS;
🔹 Upon the issuance of a BIR advisory on the unavailability of the prescribed electronic platforms; or
🔹 In cases where a justifiable reason exists, as determined by the Commissioner of Internal Revenue or his duly authorized representative.

3️⃣ Required attachments to the AITR must be submitted via the eAFS platform within:
📅 15 days from the filing deadline, or
📅 15 days from the date of actual filing in case of late submissions.

4️⃣ As the filing is now electronic, there is no need for a manually stamped “Received” copy. The system-generated Filing Reference Number (FRN) or Tax Return Receipt Confirmation (TRRC) shall serve as proof of filing.

5️⃣ The Transaction Reference Number (TRN) or Confirmation Receipt issued by eAFS shall serve as proof of submission of AITR attachments.

6️⃣ Pursuant to SEC Memorandum Circular No. 1, s. 2025, corporations that submitted their AFS through eAFS must attach the TRN/Confirmation Receipt issued by the BIR in lieu of a manual “Received” stamp.

7️⃣ Manual submission of attachments shall be permitted only in case of system unavailability, supported by a duly issued BIR advisory. In such instances, only the following documents shall be stamped:
📌 Audit Opinion/Certificate
📌 Balance Sheet/Statement of Financial Position
📌 Income Statement/Statement of Comprehensive Income

📚 Source: Bureau of Internal Revenue – www.bir.gov.ph

📌 For guidance and compliance. Stay informed. 💼

07/04/2025

𝓝𝓸𝓽𝓲𝓬𝓮 𝓯𝓻𝓸𝓶 𝓽𝓱𝓮 𝓢𝓮𝓬𝓾𝓻𝓲𝓽𝓲𝓮𝓼 𝓪𝓷𝓭 𝓔𝔁𝓬𝓱𝓪𝓷𝓰𝓮 𝓒𝓸𝓶𝓶𝓲𝓼𝓼𝓲𝓸𝓷

𝓡𝓮-𝓘𝓶𝓹𝓵𝓮𝓶𝓮𝓷𝓽𝓪𝓽𝓲𝓸𝓷 𝓸𝓯 𝓽𝓱𝓮 𝓐𝓬𝓬𝓻𝓮𝓭𝓲𝓽𝓪𝓽𝓲𝓸𝓷 𝓡𝓮𝓺𝓾𝓲𝓻𝓮𝓶𝓮𝓷𝓽𝓼 𝓯𝓸𝓻 𝓐𝓾𝓭𝓲𝓽𝓲𝓷𝓰 𝓕𝓲𝓻𝓶𝓼 𝓪𝓷𝓭 𝓔𝔁𝓽𝓮𝓻𝓷𝓪𝓵 𝓐𝓾𝓭𝓲𝓽𝓸𝓻𝓼

Please be informed that the Commission En Banc, during its meeting held on April 3, 2025, approved the re-implementation of the Securities and Exchange Commission’s accreditation system for auditing firms and external auditors. In this regard, the following directives are hereby issued:

𝒜𝒸𝒸𝓇𝑒𝒹𝒾𝓉𝒶𝓉𝒾𝑜𝓃 𝑅𝑒𝓆𝓊𝒾𝓇𝑒𝓂𝑒𝓃𝓉 𝒻𝑜𝓇 𝒞𝑜𝓋𝑒𝓇𝑒𝒹 𝒞𝑜𝓇𝓅𝑜𝓇𝒶𝓉𝒾𝑜𝓃𝓈
All covered corporations, except those falling under Part II of the Revised Securities Regulation Code (SRC) Rule 68, are mandated to secure SEC accreditation in accordance with their applicable group classification for fiscal years ending on or before December 31, 2025.

𝑅𝑒𝓆𝓊𝒾𝓇𝑒𝓂𝑒𝓃𝓉 𝒻𝑜𝓇 𝐸𝓃𝓉𝒾𝓉𝒾𝑒𝓈 𝒞𝑜𝓋𝑒𝓇𝑒𝒹 𝒰𝓃𝒹𝑒𝓇 𝒫𝒶𝓇𝓉 𝐼𝐼 𝑜𝒻 𝓉𝒽𝑒 𝑅𝑒𝓋𝒾𝓈𝑒𝒹 𝒮𝑅𝒞 𝑅𝓊𝓁𝑒 𝟨𝟪
Corporations classified under Part II of the Revised SRC Rule 68 shall likewise be required to engage SEC-accredited auditors for the audit of both annual and interim financial statements for fiscal years or periods ending on or after September 30, 2025.

𝐸𝓍𝓉𝑒𝓃𝓈𝒾𝑜𝓃 𝑜𝒻 𝒱𝒶𝓁𝒾𝒹𝒾𝓉𝓎 𝑜𝒻 𝒫𝓇𝒾𝑜𝓇 𝒜𝒸𝒸𝓇𝑒𝒹𝒾𝓉𝒶𝓉𝒾𝑜𝓃𝓈
All auditing firms and external auditors whose SEC accreditations were valid only up to the audit of financial statements for fiscal years 2023 or 2024, as the case may be, shall have their accreditations automatically extended to cover audits for fiscal year 2025.

𝑅𝑒𝓈𝓊𝓂𝓅𝓉𝒾𝑜𝓃 𝑜𝒻 𝒜𝓅𝓅𝓁𝒾𝒸𝒶𝓉𝒾𝑜𝓃 𝒫𝓇𝑜𝒸𝑒𝓈𝓈𝒾𝓃𝑔 𝒷𝓎 𝓉𝒽𝑒 𝒪𝒢𝒜
The Office of the General Accountant (OGA) shall resume the processing of all pending applications as of September 12, 2023. Furthermore, the OGA shall begin accepting new applications for SEC accreditation starting April 21, 2025.

This notice is issued for the strict compliance of all concerned.

Source: Securities and Exchange Commission

31/03/2025

🔔 BIR UPDATE | RMC No. 20-2025
📅 Posted: March 20, 2025
📍 Subject: Clarification on the Processing and Issuance of Tax Clearance Certificates for Final Settlement of Government Contracts

📌 The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular No. 20-2025, providing clarifications on policies, guidelines, and procedures in relation to the processing and issuance of Tax Clearance Certificates (TCC) required for the final settlement of government contracts.

🏛️ This issuance is crucial for contractors, suppliers, and service providers engaged in projects with government agencies, ensuring that proper tax compliance is observed prior to full settlement of obligations.

Download here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2020-2025.pdf

30/03/2025

🔔 BIR UPDATE | RMC No. 15-2025
📅 Posted: February 25, 2025
📍 Subject: Availability of the Alphalist Data Entry and Validation Module Version 7.4

📌 The Bureau of Internal Revenue (BIR) has announced through Revenue Memorandum Circular No. 15-2025 the official release of the Alphalist Data Entry and Validation Module Version 7.4.

🖥️ This latest version of the module is now available for use in the preparation and submission of Alphabetical Lists of Employees/Payees, in compliance with existing BIR reporting requirements.

💡 The update includes important technical enhancements and validations that help ensure accurate and BIR-compliant submissions.

Download here:

29/03/2025

🔔 BIR UPDATE | RMC No. 14-2025
📍 Subject: Clarifications on the Mandatory Requirements for Tax Credit or Refund of Excess/Unutilized Creditable Withholding Taxes (CWT)

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 14-2025 to clarify certain issues related to the mandatory requirements for claiming a tax credit or refund of excess or unutilized Creditable Withholding Taxes (CWT) on income, pursuant to:
🔹 Section 76(C)
🔹 Section 204(C)
🔹 Section 229
of the National Internal Revenue Code (NIRC) of 1997, as amended.

💡 This RMC provides guidance to taxpayers on proper documentation and compliance procedures when applying for refunds or tax credits, reducing the risk of denial due to technicalities or incomplete requirements.

Download here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2014-2025.pdf

28/03/2025

🔔 BIR UPDATE | RR No. 4-2025
📅 Posted: January 30, 2025
📍 Subject: Amendments to “De Minimis” Benefits under RR No. 2-98 – Increase in Clothing Allowance and Employees’ Achievement Awards

📌 The Bureau of Internal Revenue (BIR) has released Revenue Regulations No. 4-2025, further amending the “De Minimis” benefits provisions of RR No. 2-98, as amended.

👔 Key Updates Include:
✅ Increase in the Tax-Exempt Clothing Allowance
✅ Inclusion/Adjustment of Employees' Achievement Awards

These changes are in line with Republic Act No. 11975 and the Fiscal Year 2024 General Appropriations Act (GAA), aiming to boost employee morale and promote fair, tax-exempt benefits in the workplace.

Download here:

27/03/2025

🔔 BIR UPDATE | RR No. 5-2025
📅 Posted: February 27, 2025
📍 Subject: Amendments to RR No. 2-98 – Withholding Tax Rates on Certain Income Payments under Section 57 of the NIRC, as Amended by RA No. 12066

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 5-2025, revising the withholding tax rates on certain income payments subject to creditable withholding tax, pursuant to Section 57 of the National Internal Revenue Code of 1997, as amended by Republic Act No. 12066.

💡 This regulation directly affects taxpayers and withholding agents, requiring close attention to updated tax rates and proper compliance with revised reporting and remittance procedures.

Download here:

26/03/2025

🔔 BIR UPDATE | RR No. 10-2025
📅 Posted: February 27, 2025
📍 Subject: Amendments to RR No. 16-2005 – Implementing VAT Provisions under Sections 106, 108, 109, and 112 of the NIRC, as Amended by RA No. 12066

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 10-2025, amending pertinent provisions of RR No. 16-2005 to implement changes to the Value-Added Tax (VAT) provisions in the following key sections of the Tax Code (NIRC of 1997):
🔹 Section 106 – VAT on Sale of Goods
🔹 Section 108 – VAT on Sale of Services
🔹 Section 109 – Exempt Transactions
🔹 Section 112 – VAT Refunds/Credits

These changes are in line with Republic Act No. 12066, ushering in further refinements to the VAT system to ensure clarity, efficiency, and consistency in tax administration.

Download here:

25/03/2025

🔔 BIR UPDATE | RR No. 12-2025
📅 Posted: March 6, 2025
📍 Subject: Further Amendments to Section 5 of RR No. 3-69 – Due Process in the Service and Ex*****on of Summary Remedies.

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 12-2025, further amending Section 5 of RR No. 3-69, specifically on the:
⚖️ Due Process Requirements in the Service and Ex*****on of Summary Remedies.

This update emphasizes the importance of observing proper procedures when enforcing remedies such as distraint and levy, ensuring that taxpayers’ rights are protected in accordance with legal and constitutional standards.

Download here:

24/03/2025

🔔 BIR UPDATE | RMO No. 16-2025
📅 Issued: March 21, 2025
📍 Subject: Amendments to RMO No. 23-2021 – Guidelines and Procedures on Digital/Online Learning in the BIR

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order No. 16-2025, introducing key amendments to RMO No. 23-2021, which previously outlined the:
🎓 Guidelines and Procedures on Digital/Online Learning within the Bureau.

🖥️ This update aims to further strengthen the BIR’s e-learning framework, supporting continuous professional development and enhancing knowledge-sharing through digital platforms.

Download here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%2016-2025.pdf

23/03/2025

🔔 BIR UPDATE | RMC No. 8-2025
📅 Issued: January 24, 2025
📍 Subject: Publication of Updated List of Registered Manufacturers/Importers/Exporters and Their Product Brands – To***co and V***r Products

📌 The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 8-2025, publishing the updated list of registered manufacturers, importers, and exporters, along with their respective product brands and variants for the following categories:
🚬 Ci******es
🔥 Heated To***co Products
💨 V***r Products
🧪 Novel To***co Products
💼 Ci**rs and Chewing To***co

This issuance also integrates updated compliance requirements relevant to stakeholders in the to***co and v***r industry, reinforcing the government’s regulatory oversight and proper tax administration.

Download here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%208-2025.pdf

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Tanza

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Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	9am - 5pm
Sunday	9am - 5pm

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http://www.parexcellenceph.com/

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