Be updated on our latest insights

In response to the amendments introduced under Republic Act (RA) No. 12066, otherwise known as the CREATE MORE Act, the Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular (RMC) No. 71-2025, which prescribes a revised format for the Value Added Tax (VAT) Zero-Rating Certificate, that shall be issued by investment promotion agencies (IPAs) to registered business enterprises (RBEs).

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 65-2025 to provide clear guidance on the types of Books of Accounts that may be registered by new business taxpayers during the registration process.

The Bureau of Internal Revenue (BIR) issued Revenue Regulation 13-2025 to simplify the process in availing tax incentives under the Adopt-a-School Act of 1998 (Republic Act No. 8525) last 31 March 2025.

To have a fair and sustainable pricing mechanism that allows greater access to corporate data, the Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 6, Series of 2025, on 24 June 2025.

Due to the unavailability of the Bureau of Internal Revenue’s (BIR) VAT on Digital Services (VDS) Portal as well as the Online Registration and Update System (ORUS), which remains offline as a result of ongoing system migration activities.

The Bureau of Internal Revenue (BIR) recently circulated the Implementing Rules and Regulations of Republic Act No. 12079, otherwise known as the “An Act Creating a Value Added Tax (VAT) Refund Mechanism for Non-Resident Tourists”, which were signed last March 21, 2024.

In reference to our Tax Notes article published on February 4, 2025, titled “Implementing Rules and Regulations on VAT on Digital Services”, which discussed the imposition of a 12% Value-Added Tax (VAT) on gross sales derived by non-resident digital service providers (NRDSPs) from the supply or delivery of digital services consumed within the Philippines

The Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 15-2025 to highlight the terms and conditions on the taxability of retirement benefits received by employees under a reasonable private retirement plan.