Read our latest issue of Tax Notes. Every Wednesday on SunStar Cebu.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 110-2026 on 12 October 2026, prescribing the accreditation and continuing compliance requirements for Electronic Invoicing Service Providers (ESPs).
The BIR published Revenue Regulations (RR) No. 6-2026 on 1 October 2026, amending the invoicing requirements under RR No. 7-2024 by requiring the amount of creditable withholding tax (CWT), where applicable, to be shown separately on invoices.
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.
