YRA Business Solutions Corp.

14/07/2026

13/07/2026

The Bureau of Internal Revenue has issued Revenue Memorandum Circular No. 77-2026 concerning the loss of the triplicate copy of a used and filled-up but unissued BIR Form No. 0402, or Authority to Cancel Assessment.

The affected form bears Serial No. ACA202000015466. Because one copy was reported lost, the BIR cancelled the entire form set. Any official transaction involving this serial number is therefore considered invalid.

Revenue officials, employees, taxpayers, and other concerned parties are advised to report the document immediately if found and to prevent its unauthorized, improper, or fraudulent use.

07/07/2026

The BIR has released RMC No. 74-2026, updating the list of accredited PERA investment products.

The newly listed funds are PERA UITFs approved by the Bangko Sentral ng Pilipinas and managed by ATRAM Trust Corporation. Both funds are feeder funds, peso-denominated, and intended for investors with an aggressive risk profile.

Why does this matter?

Because under the PERA framework, income earned from investments and reinvestments of PERA assets may be exempt from income tax, but only if the product is duly approved or accredited by the proper regulatory authority.

For taxpayers and investors, the key takeaway is simple: always confirm whether your PERA investment product is accredited before claiming or expecting tax benefits.

07/07/2026

The BIR issued Revenue Memorandum Order No. 15-2026 to remind Revenue Regions, Revenue District Offices, and other BIR offices of the proper process for handling Freedom of Information requests.

Under the Order, each Revenue Region and RDO must designate an FOI Receiving Officer who will serve as the first point of contact and conduct the initial evaluation of FOI requests.

For taxpayers and the public, this means that FOI requests must be properly filed, complete, and specific. General purposes such as “for information” or “for research” may not be sufficient.

A valid FOI request should clearly state the information being requested, the reason for the request, and must be supported by the required identification documents.

07/07/2026

The BIR issued Revenue Memorandum Order No. 14-2026, which partially revokes certain provisions of RMO No. 4-2025.

Specifically, the revoked provisions are those under Section E, which covered the policies and procedures on dockets of Cannot Be Located taxpayers with delinquent accounts.

This means that the earlier rules under that specific section will no longer apply. However, all other provisions of RMO No. 4-2025 that were not expressly revoked remain valid and effective.

For taxpayers and tax practitioners, this is a reminder to carefully monitor new BIR issuances, as even partial revocations can affect how tax cases, delinquent accounts, and administrative dockets are handled.

07/07/2026

The BIR issued Revenue Memorandum Order No. 16-2026 to provide supplemental guidelines on the processing of separation and terminal leave benefits claims of certain BIR officials.

This covers officials holding the positions of Regional Director, OIC-Regional Director, Assistant Regional Director, and OIC-Assistant Regional Director who are separated from service due to retirement, resignation, transfer to another government agency, filing of a certificate of candidacy, death, or other modes of separation.

The purpose of the issuance is to ensure a more organized, uniform, and accurate process for documentary requirements, computation of terminal leave benefits, and payment procedures.

For government employees and officials, this highlights the importance of complete documents, proper clearances, and coordination with the concerned offices before separation benefits can be processed.

06/07/2026

Team Building 2026 | YRA Consulting Group & Aureada CPA Law Firm

Last July 3–4, 2026, the teams of YRA Consulting Group and Aureada CPA Law Firm gathered at Pueblo Por La Playa, Batangas for a meaningful team building experience filled with collaboration, laughter, and shared purpose.

Beyond our daily work in legal, tax, accounting, and business advisory services, this activity reminded us of the importance of trust, communication, teamwork, and unity in achieving our goals together.

We are grateful for the opportunity to pause, reconnect, and strengthen the bond that allows us to serve our clients with excellence and dedication.

Here’s to a stronger team, renewed energy, and more milestones ahead!

02/07/2026

The Securities and Exchange Commission has extended the transitional use of the 2020 General Information Sheet (GIS) form, including the Beneficial Ownership Declaration (BOD) Page, through eFAST until 31 July 2026.

This means corporations may continue filing their GIS and BOD Page using the 2020 GIS form while the SEC transitions to the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR).

Corporations should take this extension as an opportunity to review their corporate information, beneficial ownership details, stockholder records, directors, officers, and authorized signatories before filing.

Compliance is not just about meeting the deadline. It is also about making sure the information submitted to the SEC is accurate, complete, and updated.

02/07/2026

BIR RMC No. 73-2026 is important for suppliers, contractors, grantees, and implementing partners involved in covered U.S. Government-funded programs.

The circular clarifies that VAT-registered sellers may apply VAT zero-rating on qualified local sales of goods and services, while certain transactions may be VAT-exempt depending on the nature of the seller, buyer, and covered activity.

But documentation matters. Invoices must properly indicate whether the sale is a “VAT-Exempt Sale” or “Zero-Rated Sale,” and should include the valid VAT Certificate number or equivalent reference when applicable.

Improper invoicing or misuse of VAT privileges may lead to disallowance, assessment of taxes, penalties, surcharges, and interest.

Read the full guide here:https://www.yrabscorp.com/post/bir-rmc-no-73-2026-vat-zero-rating-and-exemption-rules-for-covered-u-s-government-funded-programs

02/07/2026

🏆 MOST DISTINGUISHED ALUMNI 2026

We proudly congratulate our Managing Owner, Atty. Yasser R. Aureada, CPA, conferred the Most Distinguished Alumni Award by the Manuel S. Enverga University Foundation (BS Accountancy, 2011) during its 79th Commencement Exercises on July 1, 2026 in Lucena City.

The award recognizes his accomplishments as a Certified Public Accountant and Lawyer, a dual credential at the heart of the firm’s tax and corporate practice.

To CBA, MSEUF and the MSEUF Alumni Association thank you for this honor.