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How to File Final Withholding Tax on Interest Pending BIR Form No. 1602Q Update Tax Notes

The Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 92-2025 on 22 October 2025, to provide a workaround procedure for accomplishing the Quarterly Remittance Return of Final Income Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc. (BIR Form No. 1602Q), following the implementation of Republic Act No. 12214, also known as the Capital Markets Efficiency Promotion Act (CMEPA).

2 min read | 10 Dec 2025
Suspension of all Audit and Other Field Operations of the Bureau of Internal Revenue Until Lifted by the Commissioner of Internal Revenue Tax Notes

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 107-2025, dated November 24, 2025, ordering the suspension of all ongoing field audits and related operations until further notice from the Commissioner.

2 min read | 04 Dec 2025
BIR Clarifies Documentary Requirements for Business Registration Tax Notes

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 91-2025 last October 8, 2025, as an amendment to the documentary requirements under RMC 74-2025.

1 min read | 03 Dec 2025
BIR Grants Tax Relief to Typhoon-Affected Areas: Deadlines Extended to 28 November Tax Notes

The Bureau of Internal Revenue (BIR) has extended deadlines for all tax filings, payments, and document submissions in regions affected by Super Typhoon “Tino” and Super Typhoon “Uwan.” All deadlines falling within November 2025 are moved to 28 November 2025.

2 min read | 27 Nov 2025
BIR Issues Supplemental Guidelines on Excise Tax Refund/Credit for Unused Cigarette, Tobacco and Vape Stamps Tax Notes

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 94-2025 on September 24, 2025, providing supplemental policies and documentary requirements for claims of excise tax refund or credit related to unused internal revenue stamps for cigarettes, heated tobacco products, and vape products.

3 min read | 12 Nov 2025
BIR Amends Tax Treatment on Transfers of Tax-Exempt Vehicles Tax Notes

The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 27-2025, significantly revising the tax treatment on subsequent sale, transfer or exchange of tax-exempt automobile by a tax-exempt person/entity to a non-exempt person/entity. This new regulation replaces provisions under Section 8 of RR No. 25-2003.

2 min read | 05 Nov 2025
Extending the Compliance Period for Electronic Invoice Issuance for a Certain Taxpayers Tax Notes

The Bureau of Internal Revenue (BIR), through Revenue Regulations No. 26-2025, which amends Sections 244 and 245 of the National Internal Revenue Code of 1997, has extended the deadline for certain taxpayers to comply with electronic invoicing requirements.

2 min read | 30 Oct 2025
BIR Temporarily Suspends Bond Requirement for Importers and Manufacturers of Petroleum Products effective 18 October 2025 Tax Notes

Section 160 of the Tax Code, as amended, requires importers and/or manufacturers of articles subject to excise tax to post a bond, which shall be paid in the years succeeding the initial period of operation and shall be based on the actual excise tax paid during the year immediately preceding the year of operation.

2 min read | 22 Oct 2025
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