ASP Co., & CPA

23/10/2026

22/10/2026

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 112-2026 clarifying the provisions of Revenue Regulations (RR) No. 6-2026 on the separate presentation of Creditable Withholding Tax (CWT) in Sales Invoices and its transitory guidelines.

• Showing CWT as a separate line item applies only if the transaction is legally subject to withholding tax under the Tax Code.

• Existing printed invoices may still be used until fully exhausted. No need to surrender old invoices or secure a new ATP merely to add the CWT line.

• For transactions subject to CWT, sellers may stamp, print, or legibly write "Less: Withholding Tax" (or Less: Creditable Withholding Tax / Less: CWT) and indicate the amount.

• Subsequent manual/loose-leaf printings under new ATPs must permanently include a pre-printed CWT line item in the layout.

• Taxpayers who are mandated to use CAS/CBA must complete system reconfiguration by December 31, 2026 (mandatory display begins January 1, 2027).

• Users of POS and CRM systems are given until March 31, 2027 to complete modifications. Modifications strictly limited to capturing, computing, and displaying CWT are treated as Limited System Changes (minor enhancements) and do not require brand-new system registration/accreditation.

• Buyers/payors must inform the seller of their withholding status and tax rates before the invoice is issued.

• Sellers are protected from penalties if an omission or error was due to the buyer’s failure to timely provide correct withholding details.

• If CWT was omitted or miscalculated after invoice issuance, the original invoice stands—adjustments must be made via a BIR-registered Credit Memo.

• Online merchants invoice the end-consumer for the full amount without showing the platform withholding as a deduction. Platform withholding appears separately on remittance statements.

Source: BIR website

22/10/2026

SEC Update: SC-SEC Joint Memorandum Circular (MC) No. 01, series of 2026

ACCEPTANCE AND INTEGRATION OF ELECTRONICALLY NOTARIZED DOCUMENTS IN SEC SYSTEMS AND TRANSACTIONS

14/10/2026

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 110-2026, setting accreditation, security, and operational standards for third-party e-invoicing solutions.

Key takeaways are as follows:

• Mandatory Accreditation: All ESPs must secure an Electronic Invoicing Solutions Accreditation Certificate before commercially onboarding taxpayers. Valid for 5 years.
• Exemptions: Internally developed or licensed software used strictly for a single taxpayer’s own infrastructure remains under existing CAS/POS rules.
• Strict Evaluation: ESPs must pass end-to-end technical, cybersecurity, stress testing, and fit-and-proper checks, plus prove a 3-year track record handling at least 5 million transactions and 1,000 active accounts annually.
• Data Transmission: E-invoices and sales data must be transmitted in real time or near real time within 3 calendar days.
• No Lock-In and Transparent Fees: ESPs cannot charge hidden exit or data-migration fees, nor restrict taxpayer data access during disputes.
• Taxpayer Accountability: Using an ESP does not exempt taxpayers from their core legal duty to issue proper invoices, report sales, and pay correct taxes.

Source: BIR website

13/10/2026

𝐑𝐄𝐕𝐄𝐍𝐔𝐄 𝐑𝐄𝐆𝐔𝐋𝐀𝐓𝐈𝐎𝐍𝐒 𝐍𝐎. 007 - 2026— 𝐀𝐦𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐨. 07-10 𝐑𝐞𝐥𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐁𝐮𝐫𝐝𝐞𝐧-𝐒𝐡𝐚𝐫𝐢𝐧𝐠 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐄𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐦𝐞𝐧𝐭𝐬 𝐂𝐥𝐚𝐢𝐦𝐢𝐧𝐠 𝐒𝐞𝐧𝐢𝐨𝐫 𝐂𝐢𝐭𝐢𝐳𝐞𝐧 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 𝐚𝐬 𝐓𝐚𝐱 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 Pursuant to Republic Act No. 9994, Otherwise Known as the Expanded Senior Citizens Act of 2010

𝐊𝐞𝐲 𝐚𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬:

• Retailers, manufacturers/distributors, wholesalers-retailers, and wholesalers 𝐦𝐚𝐲 𝐞𝐧𝐭𝐞𝐫 𝐢𝐧𝐭𝐨 𝐚𝐧 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐮𝐫𝐝𝐞𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐞𝐧𝐢𝐨𝐫 𝐜𝐢𝐭𝐢𝐳𝐞𝐧 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐢𝐧 𝐚𝐜𝐜𝐨𝐫𝐝𝐚𝐧𝐜𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐩𝐫𝐞𝐬𝐜𝐫𝐢𝐛𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐃𝐎𝐇.

• If the burden of the discount is 𝐬𝐡𝐚𝐫𝐞𝐝 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐨𝐫 𝐚𝐦𝐨𝐧𝐠 retailers, manufacturers/distributors, wholesalers-retailers, and wholesalers 𝐩𝐮𝐫𝐬𝐮𝐚𝐧𝐭 𝐭𝐨 𝐚 𝐛𝐮𝐫𝐝𝐞𝐧-𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭, the 𝐭𝐨𝐭𝐚𝐥 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐛𝐥𝐞 𝐞𝐱𝐩𝐞𝐧𝐬𝐞 𝐟𝐫𝐨𝐦 𝐠𝐫𝐨𝐬𝐬 𝐢𝐧𝐜𝐨𝐦𝐞 𝐬𝐡𝐚𝐥𝐥 𝐧𝐨𝐭 𝐞𝐱𝐜𝐞𝐞𝐝 𝐭𝐡𝐞 𝐩𝐨𝐫𝐭𝐢𝐨𝐧 𝐜𝐨𝐫𝐫𝐞𝐬𝐩𝐨𝐧𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐥𝐚𝐢𝐦𝐚𝐧𝐭'𝐬 𝐬𝐡𝐚𝐫𝐞 𝐮𝐧𝐝𝐞𝐫 𝐬𝐚𝐢𝐝 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭.

These Regulations shall take effect fifteen (15) days following its publication in the Official Gazette or the BIR Official Website, whichever comes first.

01/10/2026

TAX DEADLINE REMINDER | OCTOBER 2026

Stay compliant and don’t miss your deadlines! 🗓️💙

Oct. 10 – 1601-C
Oct. 25 – 2550Q, SLSP & 2551Q
Oct. 30 – 1601-EQ & QAP

Mark your calendars and file on time!

ASP Co.’s & CPA’s
Your Partner in Tax Compliance & Business Growth.

01/10/2026

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 98-2026 prescribing the policies and guidelines on the issuance of electronic invoice under Revenue Regulations (RR) No. 8-2022 and RR No. 15-2025, as amended by RR No. 26-2025.

Coverage
• Mandatory for Large Taxpayers, e-commerce/online sellers classified as Small, Medium, or Large, and taxpayers utilizing CAS, CBA (with e-invoicing), or other invoicing software.
• Micro Taxpayers are exempted.
• Other non-covered taxpayers may opt in by securing a Permit to Issue (PTI).
• Mandatory compliance is required on or before December 31, 2026.

Source: BIR Website

30/09/2026

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 98-2026 prescribing the policies and guidelines on the issuance of electronic invoice under Revenue Regulations (RR) No. 8-2022 and RR No. 15-2025, as amended by RR No. 26-2025.

Coverage
• Mandatory for Large Taxpayers, e-commerce/online sellers classified as Small, Medium, or Large, and taxpayers utilizing CAS, CBA (with e-invoicing), or other invoicing software.
• Micro Taxpayers are exempted.
• Other non-covered taxpayers may opt in by securing a Permit to Issue (PTI).
• Mandatory compliance is required on or before December 31, 2026.

Key Requirements
• Covered taxpayers must secure a Permit to Issue (PTI) Electronic Invoice from their respective RDO/LT Office before generating e-invoices.
• Taxpayers must obtain Electronic Invoicing and Sales Reporting (EIS) Certification via https://eis-cert.bir.gov.ph within 6 months from PTI issuance to avoid permit revocation.
• Systems must support structured formats capable of converting to BIR-prescribed JSON.
• Documents created via MS Word, MS Excel, Google Docs, or Google Sheets do not qualify as valid e-invoices.
• If a business is covered, compliance applies company-wide across the Head Office and all branch locations.

Operational Rules
• Invoices may be sent via email, apps, QR codes, or platforms, but sellers must provide a printed copy upon customer request.
• Issued e-invoices cannot be modified or deleted. Use an authorized Credit Note/Memo for deductions or issue a new e-invoice for increases.
• If systems go offline, businesses must issue authorized manual paper invoices, which must then be converted to e-invoices once the system is restored.

Source: BIR website

29/09/2026

OTAP / ONE-TIME ABATEMENT ASSISTANCE

BIR One-Time Abatement Program (OTAP)
For qualified Micro Taxpayers

Who may qualify?

* Gross sales not exceeding ₱3,000,000
* Covered basic tax liability and/or penalties not exceeding ₱80,000 per taxable year
* Covers eligible delinquent accounts, assessments, and open stop-filer cases existing as of December 31, 2025.

Abatement Fee: ₱5,000 per approved application.
Availment Period: Until December 31, 2026, subject to the applicable BIR rules.

ASP Assistance Includes:
✓ Eligibility assessment
✓ Documentary requirements
✓ Preparation of application
✓ BIR/RDO filing assistance
✓ Payment and compliance guidance
✓ Follow-up until issuance of Certificate of Availment

Revenue Regulations (RR) No. 004-2026
Prescribes the guidelines and procedures for the One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers.

ASP Co.,& CPAs
Accounting | Tax Compliance | Bookkeeping | BIR Assistance

25/09/2026

𝗕𝗜𝗥 𝗠𝗜𝗖𝗥𝗢 𝗧𝗔𝗫𝗣𝗔𝗬𝗘𝗥 𝗔𝗕𝗔𝗧𝗘𝗠𝗘𝗡𝗧 𝗣𝗥𝗢𝗚𝗥𝗔𝗠 𝗗𝗥𝗔𝗪𝗦 𝟲,𝟮𝟯𝟰 𝗔𝗣𝗣𝗟𝗜𝗖𝗔𝗧𝗜𝗢𝗡𝗦 𝗜𝗡 𝗙𝗜𝗥𝗦𝗧 𝗧𝗪𝗢 𝗠𝗢𝗡𝗧𝗛𝗦

The Bureau of Internal Revenue (BIR), under Commissioner Charlito Martin R. Mendoza, reported 6,234 applications under its one-time Abatement Program for Micro Taxpayers in the first two months of implementation.

As of September 18, 2026, 1,352 micro taxpayers had filed 6,234 applications, of which 5,000 had thus far been approved. The approved applications covered P84,509,316.48 in tax liabilities and penalties, while P24,815,000.00 in abatement fees had been paid.

“Availment gained momentum following President Ferdinand R. Marcos Jr.’s mention of the program in his State of the Nation Address and intensified information campaigns by our Revenue Regions. Upon the direction of Finance Secretary Frederick Go, we want to make sure that taxpayers who qualify know that this relief is available to them,” Commissioner Mendoza said.

“Ang utos natin sa ating mga Revenue Regions at Revenue District Offices, huwag lang nating hintayin na lumapit sa atin ang taxpayers. Hanapin natin sa system kung sino ang qualified na maka-avail, reach out to them, and guide them in settling their covered liabilities, regularizing their records, and returning to compliance,” he added.

The BIR is implementing the program under Revenue Regulations (RR) No. 4-2026, which covers qualified micro taxpayers with delinquent accounts as of December 31, 2025; preliminary or final assessments as of the same date; and open stop-filer cases, including those involving taxpayers that have ceased business operations.

Under the regulations, micro taxpayers with delinquent or assessed basic taxes and/or penalties totaling not more than P80,000 for a taxable year may apply for abatement, subject to the prescribed conditions. Upon approval, the taxpayer pays an abatement fee of P5,000 per taxable year.

“With the program available until December 31, 2026, we encourage taxpayers who qualify to avail while there is still time. This is an opportunity to settle covered liabilities, clean up old tax records, and move forward in compliance,” Commissioner Mendoza said.