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AUGUST 2026 TAX DEADLINES | Stay Compliant, Stay Ahead! 📅

Don't let tax deadlines catch you by surprise. Mark your calendars and ensure your returns are filed on time to avoid penalties and unnecessary stress.

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𝐒𝐄𝐂 𝐀𝐃𝐎𝐏𝐓𝐒 𝐋𝐀𝐓𝐄𝐒𝐓 𝐅𝐈𝐍𝐀𝐍𝐂𝐈𝐀𝐋 𝐑𝐄𝐏𝐎𝐑𝐓𝐈𝐍𝐆 𝐏𝐑𝐎𝐍𝐎𝐔𝐍𝐂𝐄𝐌𝐄𝐍𝐓𝐒

The Securities and Exchange Commission (SEC) has issued 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 𝟐𝟐, 𝐒𝐞𝐫𝐢𝐞𝐬 𝐨𝐟 𝟐𝟎𝟐𝟔, adopting the latest Philippine Financial Reporting Standards (PFRS) and Philippine Interpretations Committee Questions and Answers (PIC Q&As) to ensure that the country's financial reporting framework remains aligned with current accounting and sustainability reporting developments. Issued on July 23, the circular forms part of the SEC's ongoing efforts to strengthen its financial reporting rules and regulations.

The updated framework incorporates the newest PFRS, PIC Q&As, and other related financial reporting pronouncements into the Commission's regulatory requirements. While the PFRS establishes the standards for the recognition, measurement, presentation, and disclosure of financial statements, the PIC Q&As provide guidance and clarification on the practical application of these standards, promoting greater consistency and transparency in financial reporting.

Source: https://www.sec.gov.ph/mc-2026/sec-mc-no-22-series-of-2026adoption-of-philippine-financial-reporting-standards-pfrss-and-philippine-interpretations-committee-questions-and-answers-pic-qas/?fbclid=IwY2xjawTXgvZleHRuA2FlbQIxMABicmlkETEyeUUzNXNKYlFqZXVSRUVnc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHu9evUxIWNGoDVgdTR_6jSRBVEy31cCpxNTu5HnOV-5qiCAzTlTyG4UDecbf_aem_g1mT2KDUNOeAqSA9yLSzSg .tab=0

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𝐂𝐑𝐄𝐀𝐓𝐈𝐎𝐍 𝐎𝐅 𝐀𝐋𝐏𝐇𝐀𝐍𝐔𝐌𝐄𝐑𝐈𝐂 𝐓𝐀𝐗 𝐂𝐎𝐃𝐄 (𝐀𝐓𝐂) 𝐎𝐅 𝐒𝐄𝐋𝐄𝐂𝐓𝐄𝐃 𝐑𝐄𝐕𝐄𝐍𝐔𝐄 𝐒𝐎𝐔𝐑𝐂𝐄 𝐔𝐍𝐃𝐄𝐑 𝐑𝐑 𝐍𝐎. 𝟎𝟎𝟒-𝟐𝟎𝟐𝟔

The Bureau of Internal Revenue (BIR) has issued 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐎𝐫𝐝𝐞𝐫 (𝐑𝐌𝐎) 𝐍𝐨. 𝟎𝟏𝟖-𝟐𝟎𝟐𝟔, establishing Alphanumeric Tax Codes (ATCs) for specific revenue sources covered under Revenue Regulations (RR) No. 004-2026. The issuance is intended to facilitate the accurate identification, monitoring, and processing of tax payments made under the One-Time Tax Abatement Program for qualified micro taxpayers.

Source: https://bir-cdn.bir.gov.ph/BIR/pdf/RMO%20No.%2018-2026_redacted.pdf?fbclid=IwY2xjawTVIzxleHRuA2FlbQIxMABicmlkETFHTE5TWEdmRFEwRlJBcmRzc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHgU-cLmb5fgKdZic6X5Plg554-UyanUXjTGJhHu9OpqHsmadKQ3JpXYaCcry_aem_ZmFrZWR1bW15MTZieXRlcw

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𝐁𝐈𝐑 𝐈𝐒𝐒𝐔𝐄𝐒 𝐂𝐋𝐀𝐑𝐈𝐅𝐈𝐂𝐀𝐓𝐈𝐎𝐍𝐒 𝐎𝐍 𝐎𝐍𝐄-𝐓𝐈𝐌𝐄 𝐀𝐁𝐀𝐓𝐄𝐌𝐄𝐍𝐓 𝐏𝐑𝐎𝐆𝐑𝐀𝐌 𝐅𝐎𝐑 𝐌𝐈𝐂𝐑𝐎 𝐓𝐀𝐗𝐏𝐀𝐘𝐄𝐑𝐒

The Bureau of Internal Revenue (BIR) has released 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 (𝐑𝐌𝐂) 𝐍𝐨. 𝟖𝟒-𝟐𝟎𝟐𝟔 to provide additional guidance on the implementation of Revenue Regulations (RR) No. 4-2026, which governs the One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers. Presented in a question-and-answer format, the Circular addresses common concerns on taxpayer eligibility, documentary requirements, filing procedures, payment of the one-time abatement fee, covered tax liabilities and penalties, application deadlines, and other key implementation matters. It also includes illustrative examples to help taxpayers determine whether they qualify for the program.

The Circular further clarifies that taxpayers may confirm their Micro Taxpayer classification through the BIR Online Registration and Update System (ORUS) or by coordinating with their respective Revenue District Offices. It also explains the treatment of pending compromise and abatement applications, one-time transactions, open case penalties, multiple taxable years, and partial payments, while outlining the grounds for denial of applications and the importance of the Certificate of Availment issued to qualified applicants. Taxpayers are encouraged to review RMC No. 84-2026 to better understand the requirements and procedures for availing of the One-Time Abatement Program.

Source: https://bir-cdn.bir.gov.ph/.../RMC%20No.%2084-2026...

Need assistance with compliance? We’re here to help you navigate the updated filing guidelines.

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𝐆𝐔𝐈𝐃𝐄𝐋𝐈𝐍𝐄𝐒 𝐅𝐎𝐑 𝐏𝐀𝐏𝐄𝐑𝐋𝐄𝐒𝐒 𝐅𝐈𝐋𝐈𝐍𝐆 𝐎𝐅 𝐀𝐌𝐄𝐍𝐃𝐌𝐄𝐍𝐓𝐒 𝐓𝐎 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐃𝐎𝐂𝐔𝐌𝐄𝐍𝐓𝐒

The Securities and Exchange Commission (SEC) has introduced new guidelines allowing corporations to file select amendment applications electronically through the Electronic Application for Modification of Entity Data (eAMEND) Portal without submitting hard copies. Under 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 𝟐𝟏, 𝐒𝐞𝐫𝐢𝐞𝐬 𝐨𝐟 𝟐𝟎𝟐𝟔, issued on July 17, corporations may opt for a paperless filing process under the Simple Processing lane to streamline transactions, improve regulatory efficiency, and support sustainability initiatives.

The paperless option applies to specific amendments to the Articles of Incorporation and By-Laws, including changes to the principal office address, term of existence, board composition, fiscal year for one person corporations, and the annual meeting schedule of stockholders or members. While the paperless process is available, corporations may still choose the existing Simple or Regular processing lanes that require physical document submission. The new circular complements previous eAMEND guidelines and reflects the SEC's continued efforts to enhance digital services, simplify compliance, and improve the ease of doing business in the Philippines.

Source: https://www.sec.gov.ph/mc-2026/sec-mc-no-21-series-of-2026/

Need assistance with compliance? We’re here to help you navigate the updated filing guidelines.

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𝐏𝐑𝐎𝐂𝐋𝐀𝐌𝐀𝐓𝐈𝐎𝐍 𝐍𝐎. 𝟏𝟑𝟐𝟗, 𝐬. 𝟐𝟎𝟐𝟔

Declaring Friday, 10 July 2026, a Special (Non-Working) Day in the City of Santa Rosa, Province of Laguna

Visit the Official Gazette website: https://www.officialgazette.gov.ph/EYpAUS

Timely tax compliance is an essential part of running a successful business. Keep track of this month's important BIR deadlines and ensure your filings are submitted on time.

Let GFC Accounting Services help you stay compliant while you focus on growing your business.

📩 [email protected]
📍 Santa Rosa, Laguna

📢 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗨𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝟮𝟬𝟮𝟬 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝗵𝗲𝗲𝘁 (𝗚𝗜𝗦) 𝗙𝗼𝗿𝗺 𝗳𝗼𝗿 𝗚𝗜𝗦 𝗮𝗻𝗱 𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗹 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗗𝗲𝗰𝗹𝗮𝗿𝗮𝘁𝗶𝗼𝗻 (𝗕𝗢𝗗) 𝗣𝗮𝗴𝗲 𝗙𝗶𝗹𝗶𝗻𝗴 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗲𝗙𝗔𝗦𝗧 𝗨𝗻𝘁𝗶𝗹 𝟯𝟭 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟲

The Securities and Exchange Commission (SEC) informs all corporations and other concerned stakeholders that the transitional use of the 2020 General Information Sheet (GIS) Form, which includes the Beneficial Ownership Declaration (BOD) Page, is extended until 31 July 2026.

During the extension period, corporations may continue to file their GIS and BOD Page through eFAST using the 2020 GIS Form without being redirected to the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR).

This extension is intended to facilitate a smooth transition to HARBOR while the Commission continues to address technical issues affecting the filing process.

For inquiries and technical assistance:
📞 Dial 1-4SEC (1-4732).
💬 Visit the SEC iMessage portal at https://imessage.sec.gov.ph/

Read the full notice here: https://www.sec.gov.ph/notices/extension-of-the-transitional-use-of-the-2020-general-information-sheet-gis-form-for-gis-and-beneficial-ownership-declaration-bod-page-filing-through-efast-until-31-july-2026/

𝐄𝐗𝐓𝐄𝐍𝐃𝐈𝐍𝐆 𝐓𝐇𝐄 𝐃𝐈𝐒𝐂𝐎𝐔𝐍𝐓𝐄𝐃 𝐅𝐄𝐄𝐒 𝐅𝐎𝐑 𝐑𝐄𝐆𝐈𝐒𝐓𝐑𝐀𝐓𝐈𝐎𝐍 𝐎𝐅 𝐒𝐄𝐂𝐔𝐑𝐈𝐓𝐈𝐄𝐒 𝐅𝐎𝐑 𝐌𝐈𝐂𝐑𝐎, 𝐒𝐌𝐀𝐋𝐋, 𝐀𝐍𝐃 𝐌𝐄𝐃𝐈𝐔𝐌 𝐄𝐍𝐓𝐄𝐑𝐏𝐑𝐈𝐒𝐄𝐒 (𝐌𝐒𝐌𝐄𝐒)

The Securities and Exchange Commission (SEC) has extended its initiative to support micro, small, and medium enterprises (MSMEs) by continuing to offer a 50% discount on filing fees for the registration of securities until December 31, 2026. This extension, formalized through 𝐒𝐄𝐂 𝐌𝐞𝐦𝐨𝐫𝐚𝐧𝐝𝐮𝐦 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐍𝐨. 𝟏𝟗, 𝐒𝐞𝐫𝐢𝐞𝐬 𝐨𝐟 𝟐𝟎𝟐𝟔, aims to encourage more MSMEs to access the capital market as an alternative source of funding for business growth and expansion.

The discounted filing fees apply to corporations registering securities for public offerings, including those processed under the SEC’s streamlined registration procedures. Eligible entities include power generation and distribution utility companies, real estate developers and managers involved in rental pool arrangements, agribusiness firms, and hospitals, making it easier for these businesses to raise capital while reducing regulatory costs.

Source: https://www.sec.gov.ph/mc-2026/sec-mc-no-19-series-of-2026extending-the-discounted-fees-for-registration-of-securities-for-micro-small-and-medium-enterprises-msmes/?fbclid=IwY2xjawSwJ79leHRuA2FlbQIxMABicmlkETIwU21UWmFKU0duMU54S1pEc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHmtcSQ-Pq9j74iXe7hNV8MDWb-yN2XpkdZ11JlO4VArglzg_GKCjlglo8f9r_aem_QitBjpDk0FOgGCd3ZPGCvg&__cf_chl_f_tk=m_hsqzWHxLfjMWXD7Gy8v0daGF6qTFZecP3TI2OILl4-1782794352-1.0.1.1-OF4mu7aIY8OMCZxJheVOaVqN_oo6WYHMUx28uKi.2.Q .tab=0

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𝐁𝐈𝐑 𝐓𝐀𝐗 𝐀𝐁𝐀𝐓𝐄𝐌𝐄𝐍𝐓 𝐏𝐑𝐎𝐆𝐑𝐀𝐌

The Bureau of Internal Revenue (BIR) has launched a one-time tax abatement program under 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐨. 𝟒-𝟐𝟎𝟐𝟔, allowing qualified micro taxpayers to settle outstanding tax liabilities, delinquent accounts, assessments, and stop-filer cases until December 31, 2026. The program is available to micro taxpayers with annual gross sales not exceeding ₱3 million and covered tax liabilities and/or penalties of up to ₱80,000 per taxable year, provided the cases existed as of December 31, 2025. Qualified applicants are required to file an application with their respective Revenue District Office (RDO) and pay a one-time abatement fee of ₱5,000 for each approved application.

The initiative aims to help micro businesses and inactive taxpayers resolve long-standing tax issues, update their BIR records, and encourage voluntary compliance. It complements the BIR's earlier simplified business closure guidelines under Revenue Memorandum Circular No. 47-2026, making it easier for taxpayers to properly close businesses and regularize their tax status. Upon approval, the BIR will issue a Certificate of Availment, confirming that the covered tax case has been settled and officially closed.

Read full article here: https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%204-2026_Redacted.pdf?fbclid=IwY2xjawSq-DRleHRuA2FlbQIxMABicmlkETJWcEVMaTlxdzgwV3ZiZ3V0c3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHjJJUDs6bauCR3hdPZ49e0lj1veoTLVkg2NFBl-6qIgQP8aC3hZJPRHCAg7n_aem_S7IdTo8fjikrNgATSD3qww

Need assistance with compliance? We’re here to help you navigate the updated filing guidelines.

Message us here:
📩 [email protected]
📍 Santa Rosa, Laguna