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News & Updates

News and Updates

Welcome to our news and updates section!

Read the latest accounting, bookkeeping, and taxation news in the Philippines. In this section, we also post up-to-date information on the tax and financial systems in the Philippines and their technicalities.

BIR Deadline Business Registration

12 Aug: BIR Extends the Deadline of Business Registration for Online Sellers in the Philippines

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 75-2020 amending the deadline stated under RMC 60-2020 on the registration of business and/or updating of the registration status of all persons doing business and earning income through digital transactions across electronic platforms.

DST Exemption

28 Jul: BIR Removes Photocopies of Credit Restructuring and Extension Documents as Required Attachments in Submitting Summary Listing of Pre-existing Loans

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 72-2020 amending the Part C of RMC 36-2020 relative to mandatory photocopies of documents involving credit extensions and credit restructuring as requirements for Documentary Stamp Tax (DST) exemption.