Read our latest issue of Tax Notes. Every Wednesday on SunStar Cebu.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 76-2026 to announce the availability of the electronic tax clearance system (eTCS) for taxpayer-applicants registered across all revenue regions nationwide.
A common issue for corporations holding proprietary club shares through officer-nominees is establishing that transfers such shares are not subject to Capital Gains Tax (CGT), Documentary Stamp Tax (DST), or Donor's Tax. Since proprietary club memberships are typically required to be registered in the name of a natural person, corporations often designate officers as nominees or trustees.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 71-2026, clarifying the extended validity of Certificates of Compliance (COC) for cooperatives applying for a Certificate of Tax Exemption (CTE) in line with the extension granted by the Cooperative Development Authority (CDA) under Memorandum Circular No. 2026-07, Series of 2026.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 4-2026, which establishes a one-time tax abatement program for qualified micro taxpayers.
Due to the recent earthquake in Sarangani and nearby provinces, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 0622026, June 9, 2026, extending the deadline for the filing of tax returns, submission of attachments, and payment of the corresponding taxes on June 30, 2026.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 59-2026 on 2 June 2026 to provide further clarity on the implementation of the Value-Added Tax (VAT) on digital services under RR No. 3-2025.
