Category: BIR
-
SEC Filing: When Does the Statement of Management’s Responsibility (SMR) Need to Be Notarized?
As companies begin preparing their 2025 financial statements for SEC filing, one common question arises: Does the Statement of Management’s Responsibility (SMR) now need to be notarized? Recent updates from the Securities and Exchange Commission (SEC) have created some confusion. The answer is simple once you understand the rule: Notarization depends on whether the financial…
-
BIR RMC No. 4-2026: Mandatory BIR ORUS Registration Explained
Keeping your books of accounts compliant with the Bureau of Internal Revenue (BIR) is not just a formality, it is a legal requirement that protects your business from penalties and unnecessary audits. To address ongoing concerns and technical issues related to the Online Registration and Update System (ORUS), the BIR issued Revenue Memorandum Circular (RMC)…
-
Employee Benefits Just Changed: What RR No. 29-2025 Means for Employers
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 29-2025, further amending the rules on de minimis benefits. This update increases the ceilings for certain non-taxable employee benefits, giving employers more flexibility to provide allowances and perks without triggering income tax or fringe benefit tax, when properly structured. Below is a practical…
-
BIR Launches the 2026 Interactive Tax Calendar
What Businesses Need to Know (RMC No. 110-2025) The Bureau of Internal Revenue (BIR) continues its push toward digitalization with the release of Revenue Memorandum Circular (RMC) No. 110-2025, announcing the availability of the 2026 BIR Interactive Tax Calendar on the official BIR website RMC No. 110-2025. This initiative is designed to help taxpayers stay…
-
Zero-Rated or Taxable? How BIR RR 10-2025 Changes the VAT Game
For many businesses, VAT zero-rating and VAT refunds have long felt like a promise. If you deal with foreign clients, exports, or PEZA-registered entities, you may have assumed that zero-rating naturally applies. RR No. 10-2025 makes one thing clear:That assumption is no longer enough. The Bureau of Internal Revenue (BIR) is now enforcing VAT zero-rating…
Bong Corpuz & Co. CPAs 