MAG CPA Accounting & Bookkeeping Services

24/04/2026

MAG CPA Accounting & Bookkeeping Services firm at every client visit 😅

16/04/2026

📢 PUBLIC ADVISORY

The deadline for filing the Income Tax Holiday (ITH) incentive application with the BOI Incentives Administration Service (IS) has been extended to 15 June 2026.

This follows the extension of the BIR filing deadline for the 2025 Annual Income Tax Returns (AITR) to 15 May 2026, pursuant to RMC No. 030-2026.

All Registered Business Enterprises (RBEs) are advised to take note and ensure timely compliance.

For inquiries, contact 📧 [email protected]
or visit 🌐 www.boi.gov.ph

15/04/2026

𝐒𝐄𝐂 𝐀𝐋𝐄𝐑𝐓!⁣
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The 𝘚𝘦𝘤𝘶𝘳𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦 𝘊𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 (𝘚𝘌𝘊) has officially extended the filing deadlines for the 2025 Annual Financial Statements (AFS) and other related reportorial requirements for corporations with a fiscal year ending December 31, 2025. This adjustment follows the BIR’s extension of the 2025 Annual Income Tax Return filing to May 15, 2026.⁣
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𝐑𝐞𝐯𝐢𝐬𝐞𝐝 𝐅𝐢𝐥𝐢𝐧𝐠 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞:⁣
1. Audited Financial Statements (AFS): For all domestic and foreign corporations, the deadline is moved from May 29, 2026, to June 15, 2026.⁣
2. SEC Form 52AR (Brokers and Dealers): The deadline is extended from April 30, 2026, to May 15, 2026.⁣
3. Annual Reports (SEC Form 17-A): For PSE-listed issuers, registered issuers, and public companies, the deadline is now May 15, 2026, instead of April 15, 2026.⁣
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All covered corporations must ensure that their AFS submitted to the SEC is first duly received by the BIR.⁣
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Source: 𝐒𝐄𝐂 𝐰𝐞𝐛𝐬𝐢𝐭𝐞

14/04/2026

TAX ALERT!

The BIR has issued RMC No. 30-2026, extending the deadline of filing 2025 Annual Income Tax Returns and payment of the corresponding taxes due thereon from April 15 to May 15, 2026.

14/04/2026

Here's a reminder to all the taxpayers in submitting their 2025 Annual Income Tax Return through the Electronic BIR Forms (eBIRForms) pursuant to Revenue Memorandum Circular (RMC) No. 20-2026.

Full text of RMC No. 20-2026: https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2020-2026.pdf

14/04/2026

TAX ALERT!
Annual ITR filing is now extended until May 15, 2026
Please wait for the official BIR communication regarding this.

Source: Official Bongbong Marcos FB page

Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang May 15, 2026. Mas may oras ang bawat taxpayer na makapag-file nang maayos, kasama ang lahat ng kailangang dokumento, at walang ipapataw na penalties.

Maaaring mag-file at magbayad sa pamamagitan ng BIR electronic platforms, o sa mga Authorized Agent Banks.

Ginawa natin ito para mas magaan ang pagbabayad ng bawat Pilipino, lalo na sa panahong ramdam ang pagtaas ng presyo ng langis. Tuloy-tuloy ang ating ginagawa para maibsan ang bigat sa araw-araw na buhay ng ating mga kababayan.

31/03/2026

𝐓𝐀𝐗 𝐀𝐋𝐄𝐑𝐓!⁣
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The 𝘉𝘶𝘳𝘦𝘢𝘶 𝘰𝘧 𝘐𝘯𝘵𝘦𝘳𝘯𝘢𝘭 𝘙𝘦𝘷𝘦𝘯𝘶𝘦 (𝘉𝘐𝘙) issued 𝐑𝐌𝐂 𝟐𝟓-𝟐𝟎𝟐𝟔 circularizing work arrangements on Wednesday, April 1, 2026, in connection with the observance of Maundy Thursday and Good Friday, pursuant to the Office of the President's Memorandum Circular No. 116:⁣
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𝟖:𝟎𝟎 𝐀𝐌 𝐭𝐨 𝟏𝟐:𝟎𝟎 𝐏𝐌: Work-from-home arrangement for government employees.⁣
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𝟏𝟐:𝟎𝟎 𝐏𝐌 𝐨𝐧𝐰𝐚𝐫𝐝𝐬: Suspension of work in government offices.⁣
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Source: BIR website⁣

15/03/2026

𝐈𝐍 𝐓𝐇𝐄 𝐍𝐄𝐖𝐒!

𝗕𝗜𝗥 𝗦𝗛𝗨𝗧𝗦 𝗗𝗢𝗪𝗡 𝗖𝗘𝗕𝗨 𝗢𝗡𝗟𝗜𝗡𝗘 𝗦𝗘𝗟𝗟𝗘𝗥 𝗢𝗩𝗘𝗥 ₱𝟮𝟭𝟭 𝗠𝗜𝗟𝗟𝗜𝗢𝗡 𝗨𝗡𝗗𝗘𝗖𝗟𝗔𝗥𝗘𝗗 𝗦𝗔𝗟𝗘𝗦
The Bureau of Internal Revenue (BIR) has shut down an online selling operation in Cebu for failing to declare more than ₱211 million in sales, following an investigation conducted by the Regional Investigation Division of Revenue Region No. 13 – Central Visayas, under the supervision of Regional Director Douglas A. Rufino.
The closure order was implemented on Thursday, March 12, under the BIR’s Oplan Kandado program.

The enforcement action stemmed from a joint investigation by the BIR and the National Bureau of Investigation – Central Visayas Regional Office (NBI-CEVRO) after authorities received confidential information about an online seller offering luxury goods through Facebook Live and other digital platforms without issuing invoices and without proper registration with the BIR.
Source: ABS-CBN News

06/03/2026

𝐒𝐄𝐂 𝐀𝐥𝐞𝐫𝐭!⁣
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SEC designates an email address for 𝘗𝘦𝘵𝘪𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘊𝘰𝘮𝘱𝘭𝘢𝘪𝘯𝘵𝘴 to be filed before the 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐀𝐮𝐝𝐢𝐭 𝐃𝐞𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭.

06/03/2026

𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐀𝐥𝐞𝐫𝐭!⁣⁣
⁣⁣
𝐏𝐅𝐑𝐒 𝟏𝟖 will replace 𝐏𝐀𝐒 𝟏 in 2027, bringing major changes to financial statement presentation, including new profit or loss categories and added disclosure requirements.⁣⁣
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18/02/2026

𝐈𝐍 𝐓𝐇𝐄 𝐍𝐄𝐖𝐒⁣
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𝘔𝘌𝘚𝘚𝘌𝘕𝘎𝘌𝘙[.]𝘊𝘖𝘔 𝘞𝘐𝘓𝘓 𝘕𝘖 𝘓𝘖𝘕𝘎𝘌𝘙 𝘉𝘌 𝘈𝘝𝘈𝘐𝘓𝘈𝘉𝘓𝘌 𝘍𝘖𝘙 𝘔𝘌𝘚𝘚𝘈𝘎𝘐𝘕𝘎 𝘚𝘛𝘈𝘙𝘛𝘐𝘕𝘎 𝘈𝘗𝘙𝘐𝘓 2026⁣
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READ: Meta shared that starting April 2026, messenger[.]com will no longer be available for messaging. ⁣
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“The Messenger desktop app is also no longer available. You can use facebook[.]com/messages to continue messaging on web,” it said.⁣
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It added, “After messenger[.]com goes away, you will be automatically redirected to use facebook[.]com/messages for messaging on a computer. You can continue your conversations there or on the Messenger mobile app.⁣
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Source: Meta/ GMA News