On June 19, 2026, the Bureau of Internal Revenue (BIR) Revenue District Office No. 50 – South Makati conducted a Webinar on Tax Updates to discuss several recently issued Revenue Memorandum Circulars (RMCs) affecting taxpayers, businesses, digital platforms, and donors.

As part of our commitment to keeping clients informed of important regulatory developments, representatives from Bong Corpuz & Co., CPAs attended the webinar and gathered the key insights shared by the BIR resource speakers.

The webinar covered the following issuances:

• RMC No. 47-2026 – Simplified and Streamlined Guidelines for Business Closure and Registration Cancellation

• RMC No. 10-2026 – Donor’s Tax Requirements for Cash Donations

• RMC No. 55-2026 – Alphalist Submission Obligations of Electronic Marketplace Operators and Digital Financial Services Providers

• RMC No. 57-2026 – Tax Treatment of Jackpot Prizes and Similar Gambling Winnings

Below are the key takeaways and practical implications for taxpayers and business owners.

RMC No. 47-2026: Simplified Business Closure and Registration Cancellation

One of the most significant developments this year is the BIR’s simplified and streamlined procedure for the closure and cancellation of business registration.

Many taxpayers mistakenly assume that stopping business operations automatically ends their tax obligations. However, unless a taxpayer formally applies for closure with the BIR, tax filing obligations may continue and penalties may accumulate.

Who Is Covered?

The circular applies to all taxpayers seeking closure or cancellation of registration after permanently ceasing business operations, including:

• Sole proprietors and self-employed individuals
• Professionals
• Corporations and partnerships
• Cooperatives
• Estates and trusts
• Government entities
• Micro, Small, Medium, and Large Taxpayers

How to Apply

Applications may be submitted through:

• The concerned Revenue District Office (RDO)
• The Taxpayer Registration-Related Application (TRRA) Portal
• Online Registration and Update System (ORUS), when applicable
• Other authorized electronic channels of the BIR

Documentary Requirements

Depending on the taxpayer’s circumstances, the BIR may require:

• BIR Form No. 1905
• Inventory of unused invoices and official receipts
• Original BIR permits and certificates
• Inventory of remaining stocks for VAT taxpayers
• Authorization documents for representatives

Unused invoices, accounting records, and original permits must generally be surrendered to the BIR.

Faster Processing for Micro Taxpayers

Taxpayers whose:

• Gross sales do not exceed ₱3,000,000; or
• Gross assets do not exceed ₱8,000,000

may receive their Tax Clearance within three (3) working days after submission of complete documentary requirements, provided there are no open cases or outstanding liabilities.

If outstanding liabilities exist, the Tax Clearance may be issued within three (3) working days after full settlement of the liabilities and penalties.

Businesses planning to cease operations should formally process their closure with the BIR to avoid unnecessary compliance obligations and penalties.

RMC No. 57-2026: Taxation of Jackpot Prizes and Similar Winnings

The BIR issued RMC No. 57-2026 to clarify the tax treatment of jackpot prizes and other similar winnings from gaming and gambling activities.

The circular covers jackpot prizes and winnings derived from:

• Casino gaming activities
• Slot machines and electronic gaming machines
• Bingo operations
• Other authorized gambling and gaming activities

Applicable Final Withholding Tax

The following withholding tax rates generally apply:

• Citizens and resident aliens – 20%
• Non-resident aliens not engaged in trade or business – 25%

The tax is computed based on the gross amount of the winnings.

No deductions are allowed for:

• Administrative charges
• Service fees
• Commissions
• Other similar expenses

Taxpayers receiving substantial gaming winnings should be aware that the corresponding final withholding tax may already be deducted before the release of the prize.

RMC No. 55-2026: Alphalist Submission Requirements for E-Marketplace Operators and Digital Financial Services Providers

Electronic Marketplace Operators and Digital Financial Services Providers (DFSPs) are reminded of their obligations as withholding agents under Revenue Regulations No. 16-2023, as amended by Revenue Regulations No. 5-2025.

Withholding Tax Obligation

Covered entities are required to:

• Withhold 0.5% creditable withholding tax on gross remittances to sellers and merchants
• Remit the withheld taxes to the BIR
• Submit the required Alphalists through the BIR eSubmission Facility

Alphalist Submission Deadlines

Monthly Alphalist
• Due on the 10th day of the following month

Quarterly Alphalist of Payees
• Due on the last day of the month following the close of the quarter

Annual Alphalist for Compensation and Final Withholding Taxes
• Due every January 31

Annual Alphalist for Creditable Withholding Taxes
• Due every March 1

The BIR emphasized that the Alphalist forms an integral part of the withholding tax return. Failure to properly withhold, remit, or submit required reports may result in surcharges, interest, compromise penalties, and possible criminal liability under the National Internal Revenue Code.

RMC No. 10-2026: Clarification on Cash Donations and Donor’s Tax Compliance

RMC No. 10-2026 provides guidance on the tax treatment, documentation requirements, filing procedures, and payment of donor’s tax for donations consisting purely of cash.

The circular applies to cash donations made to natural or juridical persons, including organizations, foundations, and institutions.

Filing of Donor’s Tax Return

Donors are required to file BIR Form No. 1800 (Donor’s Tax Return) through:

• eBIRForms
• eFPS
• Authorized Tax Software Providers (ATSPs)

The donor’s tax return must generally be filed within thirty (30) days from the date the donation is made.

Payment of Donor’s Tax

Payment may be made through:

• Authorized Agent Banks (AABs)
• Electronic payment channels authorized by the BIR

Documentary Requirements

The following documents should generally be submitted to the appropriate RDO within thirty (30) days from the date of donation:

• Notarized Deed of Donation
• Proof of cash transfer or payment
• Proof of filing of BIR Form No. 1800
• Proof of donor’s tax payment, if applicable
• Certificate of Donation for qualified tax-exempt donees
• Valid government-issued IDs or corporate authorization documents
• Tax Identification Numbers (TINs) of both donor and donee

No eCAR Required for Cash Donations

The BIR clarified that an Electronic Certificate Authorizing Registration (eCAR) is not required for donations consisting purely of cash because cash is not considered registrable property.

Final Thoughts

Tax compliance does not end with filing tax returns. Business closure procedures, donor’s tax requirements, withholding obligations, and specialized tax rules continue to evolve as the BIR strengthens compliance and modernizes taxpayer services.

Whether you are closing a business, operating an online platform, making charitable donations, or dealing with gaming winnings, staying informed of the latest BIR issuances can help avoid penalties and unnecessary compliance issues.

If you need assistance with BIR registration, tax compliance, donor’s tax filings, business closure procedures, or other regulatory requirements, consulting with a qualified tax professional can help ensure proper compliance with current regulations.