Read our latest issue of Tax Notes. Every Wednesday on SunStar Cebu.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 100-2026 to circularize Executive Order (EO) No. 125, Series of 2026, temporarily suspending the excise taxes on certain petroleum products.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 99-2026 to reiterate the requirement for certain online businesses and digital platform participants to display proof of BIR registration and to provide additional time for compliance.
The Bureau of Internal Revenue (BIR) has further advanced its digital transformation initiatives through the issuance of Revenue Memorandum Circular (RMC) No. 98-2026, which prescribes the policies and guidelines on the issuance of electronic invoices pursuant to Section 237 of the National Internal Revenue Code, as implemented under Revenue Regulations (RR) No. 8-2022 and RR No. 11-2025, as amended by RR No. 26-2025.
System loss refers to electricity that is lost during the transmission and distribution of power from generators to end-users.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 96-2026 to clarify the VAT refund rules for export-oriented enterprises (EOEs) under RMC No. 37-2025.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 94-2026 to provide additional guidelines on the utilization of Personal Equity and Retirement Account Tax Credit Certificates (PERA TCCs). The Circular addresses common questions relating to the processing, release, validity, application, and monitoring of PERA TCCs under Republic Act No. 9505, otherwise known as the Personal Equity and Retirement Account (PERA) Act of 2008.
