Uy Peñaflor Accounting

06/07/2026

𝗧𝗮𝗻𝗼𝗻𝗴 𝗻𝗶 𝗝𝘂𝗮𝗻 𝗡𝗼. 𝟯𝟱:

“𝗛𝗲𝗹𝗹𝗼, 𝗕𝗜𝗥! 𝗨𝗺𝘂𝘁𝗮𝗻𝗴 𝘀𝗮 𝗮𝗸𝗶𝗻 𝗮𝗻𝗴 𝗯𝗼𝘆𝗳𝗿𝗶𝗲𝗻𝗱 𝗸𝗼 𝗻𝗴 ₱𝟰𝟭𝗠, 𝘁𝗮𝗽𝗼𝘀 𝗻𝗮𝗴 𝗯𝗿𝗲𝗮𝗸 𝗸𝗮𝗺𝗶. 𝗗𝗶𝗻𝗼𝗻𝗮𝘁𝗲 (𝗱𝗼𝗻𝗮𝘁𝗶𝗼𝗻) 𝗸𝗼 𝗻𝗮 𝗹𝗮𝗻𝗴 𝘀𝗮 𝗸𝗮𝗻𝘆𝗮. 𝗠𝗮𝘆 𝗗𝗼𝗻𝗼𝗿’𝘀 𝘁𝗮𝘅 𝗯𝗮 𝘆𝘂𝗻?”

𝗔𝗻𝗴 𝗞𝗮𝘀𝗮𝗴𝘂𝘁𝗮𝗻:

Opo, may Donor's Tax iyon. Ayon sa RMC 10-2026 (inilabas noong February 2026 para sa mga purely cash donations), ang batayan para ma-exempt ang cash ay kung ang kabuuang halaga nito ay hindi hihigit sa ₱250,000 sa loob ng isang taon. Dahil ₱41,000,000 ang halaga ng cash na sangkot sa iyong sitwasyon, awtomatikong may donor's tax ang halagang lumampas sa limitasyon.

𝗣𝗮𝗴𝗽𝗮𝘁𝗮𝘄 𝗻𝗴 𝗗𝗼𝗻𝗼𝗿'𝘀 𝗧𝗮𝘅 (𝗧𝗮𝘅 𝗖𝗼𝗱𝗲)

Kapag ang isang nagpautang ay kusang-loob na pinatawad ang utang nang walang anumang kapalit, itinuturing itong isang "indirect donation" o donasyon na napapailalim sa donor's tax:

• Section 98 (Imposition of Tax): Sinasaad nito na ang buwis ay ipapataw sa paglilipat ng ari-arian sa pamamagitan ng regalo (gift) ng sinumang tao. Sakop nito ang lahat ng uri ng regalo, maging ito ay direkta o hindi direkta (indirect), at maging ang ari-arian ay real o personal property, may pisikal na anyo (tangible), o walang pisikal na anyo (intangible).

• Section 99 (Rate of Tax): Nagtatakda na ang donor’s tax sa bawat kalendaryong taon ay may flat rate na anim na porsyento (6%) batay sa kabuuang net gifts na lumampas sa ₱250,000.

𝗦𝗶𝗻𝗼 𝗟𝗮𝗺𝗮𝗻𝗴 𝗮𝗻𝗴 𝗺𝗴𝗮 𝗘𝘅𝗲𝗺𝗽𝘁 𝘀𝗮 𝗖𝗮𝘀𝗵 𝗗𝗼𝗻𝗮𝘁𝗶𝗼𝗻?

Ang cash donation ay maaari lamang maging exempt sa donor's tax kung ang makakatanggap (donee) ay ang mga sumusunod na kuwalipikadong institusyon sa ilalim ng Section 101 ng Tax Code:

• Pamahalaan: Ang Gobyerno ng Pilipinas o anumang ahensya nito na ginawa hindi para kumita o ng anumang political subdivision ng Gobyerno;

• Edukasyon, Relihiyon, o Kawanggawa: Mga non-profit educational, charitable, o religious institutions na rehistrado sa BIR at PCNC, kung saan hindi hihigit sa 30% ng donasyon ang gagamitin para sa administrasyon.

Source:

RMC 10-2026:https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2010-2026.pdf

24/06/2026

SSS Benefits for employed, self-employed and OFW 2026

DETAILS:
https://youtu.be/tscwsxXwivo?si=6ZjZfRSxgmHancKr

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

03/05/2026

https://youtu.be/T8ypB1h1m3w?si=Oc52fRovG5pSy-bX

01/05/2026

01/05/2026

14/04/2026

Annual Income Tax 2025 deadline extended from April 15, 2026 to May 15, 2026

16/03/2026