MND Accounting & Consultancy Services

27/04/2026

600 / 600 hours💯👍
Finally, CONGRATULATIONS🎉✌️Another round of fresh grads!.!

" The only person you are destined to become is the person you decide to be." RWE

15/04/2026

𝗕𝗜𝗥 𝗣𝗨𝗕𝗟𝗜𝗦𝗛𝗘𝗦 𝗨𝗣𝗗𝗔𝗧𝗘𝗗 𝗟𝗜𝗦𝗧 𝗢𝗙 𝟮,𝟮𝟲𝟯 𝗩𝗔𝗧-𝗘𝗫𝗘𝗠𝗣𝗧 𝗠𝗘𝗗𝗜𝗖𝗜𝗡𝗘𝗦

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 27-2026 on April 8, 2026, publishing the FDA-endorsed full list of VAT-exempt drugs under Republic Act No. 10963, or the TRAIN Law, and Republic Act No. 11534, or the CREATE Act.

The Food and Drug Administration Philippines (FDA) of the Department of Health (Philippines) endorsed the updated list of 2,263 VAT-exempt drugs for the treatment of the following illnesses: 702 for cancer, 535 for hypertension, 327 for diabetes, 300 for mental illness, 171 for high cholesterol, 152 for kidney disease, and 76 for tuberculosis.

In line with President Ferdinand R. Marcos Jr.’s directive to make healthcare more accessible and affordable for Filipinos, the Department of Finance, under Finance Secretary Frederick D. Go, supports the timely implementation of measures that help reduce the cost of essential medicines.

BIR Commissioner Charlito Martin R. Mendoza said, “This issuance forms part of the government’s continuing efforts to help ease the cost of essential medicines, especially for Filipinos managing chronic and critical illnesses.”

RMC No. 27-2026 further provides that the updated list supersedes previous revenue memorandum circulars issued on the matter and shall remain in effect until new updates are endorsed by the FDA.

You may access the full text of RMC No. 27-2026 here(https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2027-2026.pdf), while the complete list of VAT-exempt medicines is available through Annex A of the circular (https://bir-cdn.bir.gov.ph/BIR/pdf/Annex%20A%20of%20RMC%20No.%2027-2206%20(1).pdf).

22/11/2025

Congratulations to all CPA passers! !🎉🎉

11/10/2025

Worth sharing... not just for kids.
Let’s be honest... even adults get confused about taxes sometimes 😅
But this explains it so clearly, even your younger self would finally understand.

Source: Nicolas Boucher

03/10/2025

04/06/2025

MND Accounting Firm & Family would like to congratulate the recent PRC CPALE board passers:

Specially to JOAN ROSE LANOJAN AUGUSTO, CPA👏🎉🎉

It has been an honor to be part of your success and achievements!.
You made us all proud. CONGRATULATIONS! !🎉🎉

27/05/2025

15/05/2025

Telemedicine rates would also likely rise due to the collection of the 12-percent value-added tax (VAT) on digital services to be implemented by the government, according to the tax advisory firm KPMG.

KPMG noted in a report published on May 12 that the Bureau of Internal Revenue’s (BIR) revenue memorandum circular released on May 8 clarified that telemedicine services are among the digital services covered by the new tax measure.

Read the full article in the comments section below.