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SEC MEMORANDUM CIRCULAR NO. 9 – 2026 Filing of Annual Financial Statements and General Information Sheet

2026-02-16T19:33:30+08:00

The Commission, hereby issues and prescribes the following guidelines on the filing of AFS and GIS for 2026: Section 1. Deadline of Submission. All corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, whose fiscal years end on 31 December, shall file their AFS through the SEC Electronic Filing and Submission Tool (eFAST). The deadline for filing of the AFS shall be on 29 May 2026. All corporations under the jurisdiction of the SEC Extension Offices shall be governed by the same schedule in 2026. Section 2. Corporations with Different Filing Schedule. The filing schedule [...]

SEC MEMORANDUM CIRCULAR NO. 9 – 2026 Filing of Annual Financial Statements and General Information Sheet2026-02-16T19:33:30+08:00

2025 Filing of Annual Financial Statements and General Information Sheet

2025-03-14T16:09:11+08:00

To maintain an organized and orderly filing of Annual Financial Statements (AFS) and General Information Sheet (GIS), and to comply with the zero-contact policy and automation of business-related transactions mandated by Republic Act No. 11032, otherwise known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, the Securities and Exchange Commission (SEC), pursuant to its authority under Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, and Republic Act No. 8799, otherwise known as the Securities Regulation Code, hereby adopts the following measures in the filing of annual reports with the [...]

2025 Filing of Annual Financial Statements and General Information Sheet2025-03-14T16:09:11+08:00

Revenue Regulations No. 6-2025

2026-06-22T16:13:26+08:00

This Revenue Regulation issued  on February 27, 2025 implements Section 135 in petroleum products sold to international carriers and exempt entities or agencies and the new Section 135-A of the National Internal Revenue Code of  1997, as amended by Republic Act No.12066 (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy or CREATE MORE Act) on refund of Excise Tax on petroleum products. Petroleum products sold to the following are exempt from Excise Tax: a. International carriers of Philippine or foreign registry directly importing petroleum products, on their use or consumption outside the Philippines. The said [...]

Revenue Regulations No. 6-20252026-06-22T16:13:26+08:00

Revenue Regulations No. 5-2025

2026-06-17T10:44:19+08:00

This Revenue Regulation issued on February 27, 2025 amends Revenue Regulations No. 2-98 relative to the Withholding Tax Rates on certain income payments subject to Creditable Withholding Tax Pursuant to Section 57 of the National Internal Revenue Code of 1997, as amended by Republic Act No. 12066 (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy or CREATE MORE Act). Section 2.57.2 (H) and (X) of RR No. 2-98, as renumbered and amended by RR No. 11-18 and RR No. 16-23, respectively, are hereby further amended to read as follows: "Sec. 2.57.2. Income payments subject to [...]

Revenue Regulations No. 5-20252026-06-17T10:44:19+08:00

Revenue Regulations No. 4-2025

2026-06-17T10:29:25+08:00

This Revenue Regulation issued on January 30, 2025 further amends the "De Minimis" benefits provisions of Revenue Regulations (RR) No. 2-98, as amended, increasing the Clothing Allowance pursuant to Republic Act No. 11975, the Fiscal Year 2024 General Appropriations Act, and Employees Achievement Awards. Section 2.78.1 of RR No. 92-98, as last amended by RR No. 11-2018, is further amended to read as follows: "SECTION 2.78.1. Withholding of Income Tax on Compensation Income.- (A) Compensation Income Defined. - xxx xxx                                       xxx      [...]

Revenue Regulations No. 4-20252026-06-17T10:29:25+08:00

Revenue Regulations No. 3-2025

2026-06-17T10:10:53+08:00

This Revenue Regulation issued on January 17, 2025 prescribes policies and guidelines for the implementation of Republic Act No. 12023 titled " An Act Amending Sections 105, 108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended, " imposing the Value-Added Tax (VAT) on digital services. Generally, VAT shall be levied, assessed, and collected, equivalent to twelve percent (12%) of the gross sales derived by a Digital Service Provider (DSP) from its sale or exchange of services in the Philippines pursuant to Section 108 [...]

Revenue Regulations No. 3-20252026-06-17T10:10:53+08:00

Revenue Regulations No. 2-2025

2026-06-15T10:12:05+08:00

This Revenue Regulation is issued on January 8, 2025 implements the tax provisions of RA No. 9267, otherwise known as "The Securitization Act of 2004." The sale or transfer of assets to the Special Purpose Entity (SPE), including sale or transfer of any and all security interest thereto, made in accordance with the Securitization Plan shall be exempted from Value-Added Tax (VAT) and Documentary Stamp Tax (DST) or any other taxes imposed in lieu thereof. Moreover, pursuant to Section 28 of RA No. 9267, the transfer of assets by dation in payment (dacion en pago) by the obligor in favor of [...]

Revenue Regulations No. 2-20252026-06-15T10:12:05+08:00

Revenue Regulations No. 1- 2025

2026-06-15T10:16:40+08:00

This revenue regulation is issued to further amend Section 9 of Revenue Regulations No. 25- 2003 relative to the documentary requirements to be submitted by motor vehicle manufacturer/assembler/importer as basis for the BIR to determine whether the automobiles subject to Excise Tax exemption are hybrid or purely electric vehicles pursuant to the provisions of Republic Act (RA) No. 10963 (TRAIN Law). Section 9 (E) of RR No. 25-2003, as amended, is further amended to read as follows: "SEC 9. TAX-EXEMPT REMOVALS OF AUTOMOBILES. The following removals of locally manufactured/assembled or release of imported automobiles from the place of production or from [...]

Revenue Regulations No. 1- 20252026-06-15T10:16:40+08:00

REVENUE REGULATIONS No. 18 – 2024

2025-03-20T12:59:17+08:00

This revenue regulation is issued to implement Section 32(B)(5) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act No. 12066 (CREATE MORE Act). Pursuant to Section 32(B)(5) of the NIRC, as amended by RA No. 12066 or the CREATE MORE Act, income of any kind shall be excluded from the computation of gross income, as defined under Section 32(A) of the NIRC, and shall be exempt from Income Tax to the extent required by any treaty obligation binding upon the Government of the Philippines, or his/her authorized representative(s), including agreements entered into by the President, or [...]

REVENUE REGULATIONS No. 18 – 20242025-03-20T12:59:17+08:00

REVENUE REGULATIONS NO. 17-2024

2025-03-20T12:28:12+08:00

This revenue regulation is issued to prescribe the presentation of BIR tax clearance prior to final settlement of government contracts. All persons, natural or juridical, local or foreign, who have existing contracts with the government, its departments, bureaus, offices and agencies, including State Universities and Colleges (SUCs), Government-Owned  and Controlled Corporations (GOCCs), Government Financial Institutions (GFIs) and Local Government Units (LGUs) for the supply of goods and services, including infrastructure projects, shall secure from the Bureau of Internal Revenue (BIR) an updated tax clearance certifying that they have no outstanding tax liabilities and that they have duly filed the latest income [...]

REVENUE REGULATIONS NO. 17-20242025-03-20T12:28:12+08:00
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