Balagot and Emperado CPAs Co - Samal Branch

05/08/2026

🚨 TAX DEADLINE REMINDER 🚨

Taxpayers are encouraged to file the required tax returns and pay the corresponding taxes on or before the prescribed deadline to avoid penalties, surcharges, and interest.
✅ File and Pay on time.
✅ Stay tax compliant.
Take action today and fulfill your tax obligations before the deadline.

05/08/2026

𝗕𝗜𝗥 𝗘𝗫𝗣𝗔𝗡𝗗𝗦 𝗟𝗜𝗦𝗧 𝗢𝗙 𝗩𝗔𝗧-𝗘𝗫𝗘𝗠𝗣𝗧 𝗠𝗘𝗗𝗜𝗖𝗜𝗡𝗘𝗦 𝗧𝗢 𝗘𝗔𝗦𝗘 𝗛𝗘𝗔𝗟𝗧𝗛𝗖𝗔𝗥𝗘 𝗖𝗢𝗦𝗧𝗦 𝗙𝗢𝗥 𝗙𝗜𝗟𝗜𝗣𝗜𝗡𝗢𝗦

As part of the government’s continuing efforts to make healthcare more accessible and affordable, the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 87-2026, publishing the updated list of Value-Added Tax (VAT)-exempt medicines endorsed by the Food and Drug Administration (FDA) pursuant to Republic Act No. 10963 (TRAIN Law) and Republic Act No. 11534 (CREATE Act).

The issuance supports President Ferdinand R. Marcos Jr.’s directive during his 2026 State of the Nation Address (SONA) to expand access to quality healthcare by reducing the cost of essential medicines.

BIR Commissioner Charlito Martin R. Mendoza emphasized the Bureau’s commitment to implementing tax policies that directly improve the lives of Filipinos.

“The Bureau remains steadfast in implementing tax policies that directly benefit our people. By expanding the list of VAT-exempt medicines, we are helping make essential healthcare more affordable while supporting the President’s vision of a healthier and more resilient Philippines,” Commissioner Mendoza said.

With the latest update, the number of VAT-exempt medicines has increased to 2,277, including 14 newly added medicines. The expanded coverage helps reduce out-of-pocket medical expenses, particularly for Filipinos undergoing long-term treatment for chronic and life-threatening illnesses.

The updated list now covers medicines used in the treatment of:

* Cancer – 708 medicines

* Hypertension – 537 medicines

* Diabetes – 331 medicines

* Mental Illness – 300 medicines

* High Cholesterol – 172 medicines

* Kidney Disease – 152 medicines

* Tuberculosis – 77 medicines

Every peso saved through the VAT exemption helps families continue treatment, purchase essential medicines, and better manage their daily needs.

By making healthcare more affordable, the government also supports better treatment outcomes and improves the quality of life of millions of Filipinos.

While the Bureau continues to fulfill its mandate of generating revenues for national development, it likewise ensures that the tax system delivers meaningful and tangible benefits to the Filipino people.

For more information, you may access:

Revenue Memorandum Circular No. 87-2026
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2087-2026_redacted.pdf

Updated Full List of VAT-Exempt Medicines (Annex A)
https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2087-2026%20Annex%20A%20(6).pdf

30/07/2026

Philhealth Update: Philhealth Advisory no. 2026-0043

Clarification on Taxation Requirements and Adjustments for the PhilHealth GAMOT Benefit Program

Business World | Publication Date: 07-28-2026

29/07/2026

28/07/2026

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28/07/2026

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14/04/2026

Pinalawig natin ang deadline ng filing ng 2025 Annual Income Tax Returns mula April 15 hanggang May 15, 2026. Mas may oras ang bawat taxpayer na makapag-file nang maayos, kasama ang lahat ng kailangang dokumento, at walang ipapataw na penalties.

Maaaring mag-file at magbayad sa pamamagitan ng BIR electronic platforms, o sa mga Authorized Agent Banks.

Ginawa natin ito para mas magaan ang pagbabayad ng bawat Pilipino, lalo na sa panahong ramdam ang pagtaas ng presyo ng langis. Tuloy-tuloy ang ating ginagawa para maibsan ang bigat sa araw-araw na buhay ng ating mga kababayan.

05/04/2026

9 DAYS LEFT!

Pay as you file!

With the deadline fast approaching, the BIR is reminding taxpayers to pay their exact 2025 Annual Income Tax on the day of filing their Return.

Deadline: on or before April 15, 2026.

15/01/2026

The Bureau of Internal Revenue Philippines (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 4-2026 dated January 15, 2026 addressing the ongoing technical issues with the Online Registration and Update System (ORUS) and provides an extension for the registration of books of accounts.

Extended Deadline Schedule

• Permanently Bound Loose-Leaf Books of Accounts: The deadline has been moved from January 15, 2026, to January 31, 2026.

• Computerized Books of Accounts: The deadline has been moved from January 30, 2026, to February 17, 2026.

Key Compliance Reminders

• Registration for the books mentioned above must now be completed online via ORUS. Upon successful registration, a QR Code stamp will be generated.

• For loose-leaf books, the QR code must be affixed to the first page. For computerized books, the code must be printed and archived for record-keeping.

• Manual stamping at the RDO is now only permitted if there is an official system downtime advisory or if the taxpayer can provide proof of a technical error (e.g., a screenshot).

• Please note that the registration of loose-leaf invoices and receipts remains a manual process at your respective RDO, as these are not yet integrated into the ORUS platform.

All are encouraged to complete these registrations well within the extended period to ensure seamless compliance.

Source: BIR website