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RMC No. 98-2026: Prescribing Policies and Guidelines on the Issuance of Electronic Invoice under RR No. 8-2022 and RR No. 11-2025, as Amended by RR No. 26-2025

Tax Notes

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.

3 min read | 30 Sep 2026

BIR clarifies VAT treatment of allowable system loss charges

Tax Notes

System loss refers to electricity that is lost during the transmission and distribution of power from generators to end-users.

3 min read | 23 Sep 2026

BIR clarification on VAT refund eligibility for export-oriented nterprises

Tax Notes

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.

2 min read | 16 Sep 2026

RMC No. 94-2026: BIR issues additional guidelines on the utilization of PERA Tax Credit Certificates

Tax Notes

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.

3 min read | 04 Sep 2026

RMC No. 89-2026: Tax compliance deadlines extended for taxpayers in areas affected by southwest monsoon

Tax Notes

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 89-2026 on 10 August 2026, extending the deadlines for the filing of tax returns, payment of taxes, and submission of required documents for taxpayers within the jurisdiction of Revenue District Offices (RDOs) affected by the continuing heavy rainfall caused by the southwest monsoon.

3 min read | 27 Aug 2026

Clarifications on One-Time Abatement Program for micro taxpayers

Tax Notes

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 84-2026 to clarify provisions of Revenue Regulations (RR) No. 04-2026, which sets out the guidelines and procedures for the availment of the one-time abatement of taxes and/or penalties for micro taxpayers.

4 min read | 14 Aug 2026
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