Bancud & Bancud, CPAs - Tax & Accounting Solutions

BIR News: BIR EXPANDS ELECTRONIC TAX CLEARANCE SYSTEM TO 19 REVENUE REGIONS; eTCS NOW AVAILABLE NATIONWIDE.

BIR Update: Revenue Memorandum Circular (RMC) No. 84-2026 clarifying certain provisions of Revenue Regulations (RR) No. 004-2026, prescribing the guidelines and procedures for the availment of the one-time abatement of taxes and/or penalties for micro taxpayers.

SEC Update: SEC Memorandum Circular (MC) No. 22, series of 2026

ADOPTION OF PHILIPPINE FINANCIAL REPORTING STANDARDS (PFRSS) AND PHILIPPINE INTERPRETATIONS COMMITTEE QUESTIONS AND ANSWERS (PIC Q&AS)

BIR Update: Revenue Memorandum Circular (RMC) No. 81-2026

Prescribing Workaround Procedures for Claiming Five-Year Net Operating Loss Carry-Over Incurred in Taxable Years 2020 and 2021 in the Offline eBIRForms Package and Electronic Filing and Payment System

BIR Update: Revenue Memorandum Circular (RMC) No. 80-2026

Circularizing the Memorandum of Agreement (MOA) Between the Bureau of Internal Revenue (BIR) and its Multi-Sectoral Partners

The Bureau of Internal Revenue has recently issued Revenue Memorandum Circular (RMC) No. 79-2026, providing a detailed Q&A to clarify the 1/2% Creditable Withholding Tax applied to manufacturers and direct importers under RR No. 24-2025.

Source: BIR website

BIR News: DOF, BIR CONVENE INAUGURAL GLOBAL MINIMUM TAX TWG MEETING TO ADVANCE PHILIPPINE IMPLEMENTATION.

SEC News: SEC PUSHES FOR REFORMS TO CREDIT RATING AGENCY ACCREDITATION RULES.

SEC News: SEC PUSHES FOR ENHANCED AUDIT QUALITY IN 2026 SOAR PUBLIC INSPECTION REPORT.