M&C Accounting Services

26/05/2026

𝗧𝗮𝗻𝗼𝗻𝗴 𝗻𝗶 𝗝𝘂𝗮𝗻 𝗡𝗼. 𝟮𝟭:

“𝗛𝗲𝗹𝗹𝗼, 𝗕𝗜𝗥! 𝗡𝗮𝗸𝗮-𝗶𝘁𝗲𝗺𝗶𝘇𝗲𝗱 𝗱𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀 𝗽𝗼 𝗮𝗸𝗼. 𝗬𝘂𝗻𝗴 𝗶𝗯𝗮𝗻𝗴 𝗿𝗲𝘀𝗶𝗯𝗼 𝗽𝗼 𝗺𝘂𝗹𝗮 𝘀𝗮 𝗣𝗢𝗦 𝗮𝘆 𝗻𝗮𝗯𝘂𝗯𝘂𝗿𝗮. 𝗣𝘄𝗲𝗱𝗲 𝗽𝗼 𝗯𝗮 𝗻𝗮 𝗶𝗽𝗮-𝗽𝗵𝗼𝘁𝗼𝗰𝗼𝗽𝘆 𝗸𝗼 𝗮𝗻𝗴 𝗺𝗴𝗮 𝗶𝘁𝗼 𝗮𝘁 𝗶-𝗰𝗼𝗺𝗽𝗶𝗹𝗲 𝗯𝗶𝗹𝗮𝗻𝗴 𝘀𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀?”

𝗔𝗻𝗴 𝗞𝗮𝘀𝗮𝗴𝘂𝘁𝗮𝗻:

Oo, pwedeng-pwede mong ipa-photocopy at i-compile ang mga resibo.

Ayon sa Section 34(A)(1)(b) ng Tax Code, kapag Itemized Deductions ang pinili mo, bawat gastos na ibabawas sa iyong kita ay dapat may katumbas na sapat na patunay o substantiation (tulad ng rehistradong Sales Invoice o resibo). Dahil madaling mabura ang mga resibong naka-thermal paper mula sa POS machines, ang pag-photocopy sa mga ito ay isang mainam na paraan para hindi mawala ang detalye.

Upang ma-preserve ang iyong mga dokumento sa oras ng audit o pagsusuri ng BIR, sundin ang mga tamang paraan ng pagtatabi nito:

1. 𝗔𝗻𝗴 𝗧𝗮𝗺𝗮𝗻𝗴 𝗣𝗮𝗿𝗮𝗮𝗻 𝗻𝗴 𝗣𝗮𝗴-𝗰𝗼𝗺𝗽𝗶𝗹𝗲 𝗻𝗴 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗥𝗲𝗰𝗲𝗶𝗽𝘁𝘀

• 𝙄-𝙖𝙩𝙩𝙖𝙘𝙝 𝙖𝙣𝙜 𝙊𝙧𝙞𝙜𝙞𝙣𝙖𝙡 𝙨𝙖 𝙋𝙝𝙤𝙩𝙤𝙘𝙤𝙥𝙮

Huwag itatapon ang original na thermal receipt kahit malabo na ito. Gamitin ang stapler o tape para idikit ang original na thermal receipt sa mismong bond paper kung saan ito ipinoto-kopy (photocopy). Ito ang patunay na hindi peke ang kopya.

• 𝙂𝙪𝙢𝙖𝙬𝙖 𝙣𝙜 𝙑𝙤𝙪𝙘𝙝𝙚𝙧 𝙎𝙮𝙨𝙩𝙚𝙢

I-compile ang mga resibo kada buwan o kada kategorya ng gastos (hal. Utilities, Office Supplies, Travel).

• 𝙄𝙨𝙪𝙡𝙖𝙩 𝙖𝙣𝙜 𝙢𝙜𝙖 𝙈𝙖𝙝𝙖𝙝𝙖𝙡𝙖𝙜𝙖𝙣𝙜 𝘿𝙚𝙩𝙖𝙡𝙮𝙚

Bago pa man kumupas ang thermal paper, isulat na sa tabi ng photocopy ang Pangalan ng Supplier, Petsa, TIN, at Kabuuang Halaga (Amount) para kung mabura man ng tuluyan, may mabilis kang basehan.

2. 𝗚𝗮𝘄𝗶𝗻 𝗶𝘁𝗼𝗻𝗴 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 (𝗜-𝘀𝗰𝗮𝗻 𝗮𝘁 𝗜-𝘀𝗮𝘃𝗲)

• Maliban sa photocopy, mariing iminumungkahi na i-scan o kuhanan ng litrato ang mga resibo. I-save ang mga ito bilang PDF o JPEG sa iyong computer, external drive, o cloud storage (gaya ng Google Drive).

** Maaari mong i-scan ang mga resibo bilang dagdag na proteksyon, ngunit hindi ito pwedeng maging "tanging" batayan ng deduction kung nawawala o itatapon ang orihinal na hard copy.

3. 𝗠𝗮𝗴-𝗿𝗲𝗾𝘂𝗲𝘀𝘁 𝗻𝗴 𝗠𝗮𝗻𝘂𝗮𝗹 𝗜𝗻𝘃𝗼𝗶𝗰𝗲

Sa ilalim din ng RR No. 16-2018, kung malaki ang halaga ng transaksyon at kailangan mo ito para sa tax deduction, may karapatan kang isauli ang thermal tape receipt sa nagbenta at hilingan sila na palitan ito ng manual Sales Invoice.

Sources:

RMC No. 81-2025: Reiterates the criteria and guidelines on the deductibility of ordinary and necessary expenses under Section 34(a)(1)(a) of the National Internal Revenue Code of 1997, as amended.
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2081-2025.pdf

RR 16-2018: Amends Revenue Regulations (RR) No. 10-2015, as amended by RR Nos. 12-2015, 14-2015 and 6-2016 on the use of non-thermal paper for all Cash Register Machines (CRMs)/Point-of-Sales (POS) machines and other invoice/receipt generating machine/software.
https://bir-cdn.bir.gov.ph/local/pdf/RR%20No.%2016-2018.pdf

19/05/2026

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act.”

“This is our ‘Ease of Closing Business’ reform,” Commissioner Charlito Martin R. Mendoza said. “In line with President Ferdinand R. Marcos Jr.’s directive to make government services faster, better, and more responsive, and Finance Secretary Frederick D. Go’s push to make tax administration more investor-friendly and business-friendly, the BIR is making it easier for taxpayers who have already ceased operations to properly close their business and cancel their registration.”

“From improving the ease of doing business and the ease of paying taxes, this reform completes the BIR’s support for businesses through every stage of the business life cycle. If we make it easier to start and operate a business, then the government must also make it easier to properly close BIR registration once operations have already ceased,” he added.

Under RMC No. 47-2026, taxpayers who have already ceased operations may now apply for the closure or cancellation of their registration, either manually or electronically, through the Revenue District Office where their head office or branch is registered.

The Circular simplifies and standardizes documentary requirements. Together with the application form and the surrender of original BIR registration documents and permits previously issued to the business, taxpayers will only be required to submit two other document sets for closure: the list of ending inventory of goods and supplies, including capital goods for VAT-registered taxpayers, and the unused invoices, supplementary documents, and other unutilized accounting forms, together with their inventory.

Under the new guidelines, penalties for non-filing of tax returns shall no longer accrue once the taxpayer submits the complete documentary requirements for the closure or cancellation of registration. To prevent the further accumulation of open cases, the taxpayer’s registered form types shall likewise be placed under “deregistered” status upon submission of the complete requirements. Filing an application for the closure or cancellation of registration, however, does not preclude the Bureau from conducting an audit to determine any outstanding tax liabilities.

In addition, micro taxpayers shall not be subject to mandatory audit for closure and/or cancellation of business registration. Hence, tax clearances will be issued within three (3) working days from submission of complete documentary requirements for those with no open cases or outstanding liabilities. For micro taxpayers with open cases, tax clearance will be issued within three (3) working days from the submission of the complete documentary requirements and the payment of outstanding liabilities, including penalties.

Commissioner Mendoza encouraged taxpayers who have already ceased operations to avail themselves of the streamlined process to avoid the continued accumulation of penalties and to properly update their registration records with the Bureau.

Read the full RMC here:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2047-2026.pdf

15/04/2026

📣 𝗡𝗢𝗧𝗜𝗖𝗘: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝗙𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝟮𝟬𝟮𝟱 𝗔𝗻𝗻𝘂𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀 (𝗔𝗙𝗦)

The filing deadline for the 2025 Annual Financial Statements (AFS) and related reportorial requirements has been 𝗘𝗫𝗧𝗘𝗡𝗗𝗘𝗗. This follows the issuance of Revenue Memorandum Circular No. 30-2026 by the Bureau of Internal Revenue (BIR).

🗓️ Revised Deadlines:
• Annual Financial Statements of All Corporations: 𝗝𝘂𝗻𝗲 𝟭𝟱, 𝟮𝟬𝟮𝟲
• SEC Form 52-AR of Brokers & Dealers: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲
• Annual Reports (SEC Form 17-A) with AFS as attachment: 𝗠𝗮𝘆 𝟭𝟱, 𝟮𝟬𝟮𝟲

All corporations are reminded to ensure that submitted AFS are duly received by the BIR.

Read the full notice here: https://www.sec.gov.ph/notices-2026/extension-of-the-deadline-for-filing-of-2025-annual-financial-statements-afs/

14/04/2026

INCOME TAX EXTENDED! UNTIL MAY 15,2026.

14/04/2026

01/04/2026

𝗠𝗔𝗬 𝗣𝗘𝗡𝗔𝗟𝗧𝗬 𝗕𝗔 𝗞𝗔𝗣𝗔𝗚 𝗛𝗜𝗡𝗗𝗜 𝗡𝗔𝗚 𝗨𝗣𝗗𝗔𝗧𝗘 𝗡𝗚 𝗧𝗔𝗫 𝗧𝗬𝗣𝗘?

Ang pagpili ng tax type ay ginagawa talaga annually, during 1st quarter filing.
And hindi na to pwede palitan buong year. Makaka pili ka ulit ng tax type na gusto mo, sa next year, 1st quarter.

May nakausap akong business owner kahapon.
Hindi ko alam nag bigay pala sya ng bad review sa page namin, ang dahilan nya,

"nag punta daw sya sa BIR, tapos sabi dun, mali daw yung binigay namin na information."

Kaya tinanong ko sya, "anong information?"

Sinabi daw kasi namin na ang pag pili ng tax type, pwede mo gawin sa filing ng 1st quarter 1701Q, at kahit hindi kana pumunta kay BIR para magpa-update, okay lang walang penalties.

Kaso, nung pumunta daw sya sa BIR office, ang advice sa kanya,
"kailangan daw magpa-update from 3% to 8% sa kanila, kasi kung hindi may penalty."

Ina-anxiety na sya kasi lugi na nga ung business nya, tapos may penalties pa.

Nagpa-consult naman daw sya samin,
pero sabi ng taga BIR mali daw kami.

Nung nag pi-em sya samin,
hindi kami agad naka reply.
Kaya ang ginawa nya, nag bigay sya ng bad review.
Hindi ko malalaman yun kung hindi nya sinabi.

Mabuti nalang honest sya samin.

Pero sabi ko, saan kaba mas maniniwala,
"sa sinabi ng taga BIR" or "sa sinabi mismo ng BIR through tax code and BIR issuances?"

Kaya ipinakita ko sakanya yung RMC 50-2018 at RMO 23-2018.

Dito naka nakaindicate kung paano ba mag avail or mag signify ng intention to avail 8%.

Very explicit, merong 3 options, pero ANY of the following (kahit alin pwede):

1. submit 1905 - eto na nga ung sinasabi nilang mag update kay BIR. but today, you can do it via ORUS. OR
2. 1st quarter 2551Q AND/OR
3. 1st quarter 1701Q

again, it's 'ANY' and 'AND/OR'

hindi required yung #1.

Option lang yun.

Hindi kami ang nag sabi nya.

Yung mismong BIR issuance.

At established fact:
madaming enrollees ng webinar ko, ng pumunta sila sa RDO,
sinabing may open case sila sa 2551Q, kasi hindi daw sila nag update sa BIR,
napa-remove nila yun without penalties, kasi meron silang baon na 'legal basis'.

Now, sabi ko sakanya, parang unfair naman na nagbigay sya samin ng bad reviews kung tama naman yung provided namin na information galing sa BIR issuance.

Hindi naman kami yung nag mislead sa kanya.

Nagkataon lang hindi nya madepensahan sarili nya sa BIR officer na nagbibigay sakanya ng advice na "kailangan daw mag update to 8%"

Magkaiba kasi yung "optional" sa "required"

Unforetunately, yung ganitong situation ay hindi isolated.

Napakadaming ganitong situation.

Iniisip ko nalang, "siguro hindi lang nabasa nung BIR officer yung RMC and RMO, kaya ganon yung sinasabi nya."

Kasi sa system ni BIR, kapag di ka nag update to 8%,
pero nag file ka ng 1701Q naka 8% ka,
lalabas open case yung 2551Q.
Pero.. limitation na yun ng BIR system,
bakit ipinapasa ang burden sa taxpayers?

Kaya sobrang importante na kapag negosyante ka,
lalo na kung bago ka palang, maliit pa kita mo, mag-aral ka ng tax at bookkeeping.

Kasi baka mamaya, ung mga pinagpapaguran mo, mapunta pa sa penalties.
Ang masakit nun, paano kung wala ka naman talaga dapat penalties?
Pero nagbayad ka, dahil "wala kang alam".

Paano kung yung kinita mong 10k sa isang month,
dun lang mapunta lahat?

Sayang yung pagod mo.

Kaya recommendation ko sainyo, mag start kayo mag aral.

Knowledge is protection.

If you want to protect your hard earned money from unncessary penalties, check mo yung tax and bookkeeping training dito:
👉 EC TAXPH Business Community (pagpasok mo sa group, basahin mo sa FEATURED post yung complete details).

Comment 'knowledge' para ma approve ko yung request mo.

Note: para lang ito sa mga willing mag-invest ng time, money and effort, para matutunan yung tax filing, bookkeeping, maging compliant kay BIR, makaiwas sa unnecessary penalties, at maka-save sa monthly retainers fee.

If that's you, kita kits inside, and I hope yumaman tayong lahat 🙏

16/03/2026

📌 IMPORTANT REMINDER TO ALL CONCERNED TAXPAYERS ‼️

All business visited with violation during the Tax Compliance Verification Drive (TCVD) conducted on February 23-27, 2026 are invited to visit our office to process and settle the violations identified during TCVD.

Violations identified during TCVD must be processed and settled until March 16, 2026 without the imposition of penalties. Failure to comply within the given period may result in the imposition of penalties in accordance with existing BIR rules and regulations.

11/03/2026

📣PUBLIC ADVISORY📣