JDM Accounting

17/02/2026

𝗦𝗘𝗖 𝗥𝗲𝗹𝗲𝗮𝘀𝗲𝗱 𝗮 𝗠𝗲𝗺𝗼𝗿𝗮𝗻𝗱𝘂𝗺 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟵, 𝗦𝗲𝗿𝗶𝗲𝘀 𝗼𝗳 𝟮𝟬𝟮𝟲

The Securities and Exchange Commission released a Memorandum Circular No. 9, Series of 2026 to ensure your corporation remains in good standing with the Securities and Exchange Commission.
Key Deadlines for 2026

✅Annual Financial Statements (AFS): For corporations with a fiscal year ending on December 31, the filing deadline is May 29, 2026.

✅General Information Sheet (GIS): Must be filed within 30 calendar days from the date of the actual annual stockholders' or members' meeting.

✅Special Schedules: Listed companies on the PSE and those covered under Section 17.2 of the SRC must file within 105 calendar days after the end of the fiscal year.

✅Brokers and Dealers: Those with a fiscal year ending December 31 must file SEC Form 52-AR by April 30, 2026.

28/04/2025

‼️Tax Advisoy‼️

20/03/2025

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 20-2025 which clarifies certain policies, guidelines and procedures relative to the processing and issuance of Tax Clearance Certificate for Final Settlement of Government Contracts (TCFG).

👉 TCFG shall only be required and issued only for government contracts which involves the procurement of goods, consulting services, and infrastructure projects done through public bidding process pursuant to RA No. 9184 or the Government Procurement Reform Act, as amended by RA No. 12009;
👉 Procurement involving small value purchases are not required to secure TCFG;
👉 TCFG shall only be presented only prior to the final settlement of the government contract with its suppliers on a per contract basis. No TCFG shall be required during the initial and partial payments for the said contract;
👉 Tax Clearance Certificate for General Purposes (TCGP) specifically for collection purposes shall no longer be required from the contractor.

Source: BIR website

15/06/2024

‼️BIR Update‼️

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 66-2024 on the submission of inventory report and notice in compliance with transitory provisions of RR No. 7-2024.

📌 Submission of inventory report for the conversion of unused OR/billing statement/SOA into invoice is on or July 31, 2024

📌 Notice of renaming of OR/billing statement/SOA (for CAS/CBA) is within 30 days from the completion of machine/system reconfiguration/enhancement or on December 31, 2024, whichever comes first

📌 Taxpayers shall have the option to submit their inventory reports and/or notices via email through Taxpayer Registration-Related Applications (TRRA) Portal or via direct email to the Compliance Section of the Revenue District Office (RDO)

📌 Manual submissions of the inventory list and/or notices can still be done for those taxpayers without email or internet access

Source: BIR website

15/06/2024

31/05/2024

The Supreme Court has invalidated a regulation from the Bureau of Internal Revenue that requires self-employed professionals to submit their rates and register appointment books to monitor their tax compliance.

25/05/2024

5 DAYS LEFT!

Avoid the Rush!

With the deadline fast approaching, the BIR is reminding Corporate Taxpayers to file their 2024 1st Quarter Income Tax Return and pay the Tax Due thereon on or before May 30, 2024.

22/05/2024

‼️Tax Reminders‼️

09/05/2024

‼️BIR Tax Update‼️

Revenue Regulation 7-2024: Implementing Amendments on NIRC based on RA 11976 Ease of Paying Taxes Act (EOPT) on Invoicing Requirement.

Upon effectivity date (April 27, 2024) of RR 7-2024, Invoice shall be the primary document evidencing sale of goods including services.

Official receipt is no longer considered primary document and will now be considered supplemental document.

See all images for more details.

13/04/2024

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