Dela Cruz-Malong Accounting Firm

15/04/2026

LOAN FOR BUSINESSES LAUNCHED, UP TO ₱20 MILLION, WITH GRACE PERIOD PA!

The Department of Trade and Industry (DTI) has launched the MSME Business Fund, a loan program aimed at helping micro, small, and medium enterprises (MSMEs) affected by the ongoing crisis in the Middle East.

According to Ma. Cristina Roque, qualified businesses can borrow from ₱30,000 to ₱20 million, depending on the size and need of their operations. The program aims to help entrepreneurs retain their business, expand operations, and recover from the impact of the global situation.

BENEFITS OF THE PROGRAM:
√There are up to 5 years to repay the loan
√There is 1 year grace period for principal and interest
√No collateral needed for a loan of up to ₱5 million

DTI pointed out that this program is part of the broader step of the government to support the local economy and protect the livelihoods of millions of Filipinos who rely on MSMEs.

REQUIREMENTS TO APPLY:
√Government-issued ID
√Mayor’s Business Permit
√Proof of bank account
√Business picture
√Corporate documents (for corporations)

DTI encourages interested entrepreneurs to apply as soon as possible to take advantage of this financial assistance, especially amid ongoing challenges in the global economy.

At present, the important question remains:
IS THIS HELP ENOUGH TO KEEP SMALL BUSINESSES ON THE RISE, OR DO THEY NEED WIDER SUPPORT FROM THE GOVERNMENT?

14/04/2026

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC No. 30-2026) announcing the extension of the deadline for the filing of 2025 Annual Income Tax Returns and payment of the corresponding taxes due thereon, including submission of required attachments.

This is in view of the issuance of Executive Order No. 110, s. 2026, declaring a State of National Energy Emergency and Authorizing the Unified Package for Livelihoods, lndustry, Food, and Transport, and in order to give taxpayers additional time to properly file their 2025 Annual lncome Tax Returns, pay the corresponding taxes due thereon, and submit the required attachments without the imposition of penalties, particularly at a time when the effects of rising oil prices are being felt.

This Circular is hereby issued to extend the deadline for such filing, payment, and submission from April 15 to May 15, 2026.

Source: BIR website

14/04/2026

SEC ADVISORY – Increase of Capital Stock for One Person Corporations (OPC)

Please be informed that effective March 16, 2026, the Securities and Exchange Commission (SEC) has included the Increase of Authorized Capital Stock (ACS) with cash payment for One Person Corporations (Filipino-owned) under the Simple Processing Lane through the eAMEND System.

This means that OPCs intending to increase their capital stock and paying in cash may now benefit from faster and simplified processing, including the issuance of digital certificates upon approval.

Clients who are planning capital infusion, expansion, compliance updating, or restructuring of capitalization are encouraged to coordinate with our office so we can assess eligibility, prepare the documentary requirements, and facilitate the online filing to avoid delays or penalties.

For proper guidance and planning, please feel free to message us for assistance.

14/04/2026

📣 𝐒𝐄𝐂 𝐭𝐨 𝐚𝐥𝐥𝐨𝐰 𝐩𝐚𝐩𝐞𝐫𝐥𝐞𝐬𝐬 𝐟𝐢𝐥𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬 𝐯𝐢𝐚 𝐨𝐧𝐥𝐢𝐧𝐞 𝐩𝐨𝐫𝐭𝐚𝐥

The Securities and Exchange Commission (SEC) is preparing new guidelines that will allow paperless filing for specific amendment applications through the Electronic Application for Modification of Entity Data (eAMEND), as it seeks to improve regulatory efficiency and promote sustainability.

The Commission on March 31 issued for public comment the draft memorandum circular providing for the guidelines on the implementation of paperless filing for select amendment applications through eAMEND, further advancing the Commission’s digital transformation and sustainability push.

The proposed rule will supplement SEC Memorandum Circular No. 3, Series of 2024, and SEC Memorandum Circular No. 3, Series of 2026, which prescribe the guidelines on the use of the eAMEND portal.

Under the draft guidelines, paperless filing will be offered as an optional processing lane. Corporations may still opt to file through the Simple or Regular processing lanes, which require the submission of hard copies of the amendment documents.

Paperless filing will cover amendments to both the Articles of Incorporation (AOI) and By-Laws. For AOI, the covered amendments include Prefatory Clause, Change in the Principal Office Address, Term of Existence, Increase or Decrease in the Number of the Board of Directors/Trustees, and Fiscal Year for One Person Corporations.

For By-Laws, covered amendments include the Date of Annual Meeting of the Stockholders/Members, and Fiscal Year.

Read full press release here: https://www.sec.gov.ph/pr-2026/sec-to-allow-paperless-filing-for-amendments-via-online-portal/

14/04/2026

14/04/2026

According to the show 60 Minutes:

Just in case you missed it: a lawyer advised us to post this. The violation of privacy can be punished by law. NOTE: Facebook Meta is now a public entity. Every member must post a note like this. If you do not publish a statement at least once, it will be technically understood that you are allowing the use of your photos, as well as the information contained in your profile status updates.

I HEREBY DECLARE THAT I DO NOT GIVE MY PERMISSION FOR FACEBOOK OR META TO USE ANY OF MY PERSONAL DATA.

Hold your finger anywhere in this message and “copy” will appear. Click “copy. Then go to your page, create a new post, and place your finger anywhere in the empty field. “Paste” will appear, and click paste.

14/04/2026

14/04/2026

🚨 DEADLINE EXTENDED! 🚨

Good news, taxpayers! 📢 May extension na for Annual ITR submission — so yes, pwede pa humabol! 🙌

If you haven’t filed yet, don’t stress — I’ve got you covered. ✔️
Fast, reliable, and hassle-free assistance 💼

📩 Send me a DM now to secure your filing and avoid penalties!
Limited slots only, so act fast ⏳

17/02/2026

SEC Update: SEC Memorandum Circular (MC) No. 09, series of 2026

FILING OF ANNUAL FINANCIAL STATEMENTS AND GENERAL INFORMATION SHEET

11/02/2026

𝗧𝗔𝗫 𝗧𝗜𝗣: 𝗖𝗹𝗮𝗶𝗺𝗶𝗻𝗴 𝗖𝗮𝘀𝘂𝗮𝗹𝘁𝘆 𝗟𝗼𝘀𝘀 𝗗𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻𝘀
(𝗥𝗠𝗢 𝗡𝗼. 𝟯𝟭-𝟮𝟬𝟬𝟵)

Suffered property damage due to fire, flood, theft, or other unforeseen events? You may be eligible to claim a **Casualty Loss Deduction**—but make sure you comply with the requirements.

📌 **What you need:**
✔️ Sworn Declaration of Loss (Sworn Affidavit)
✔️ Complete supporting documents as required under RMO 31-2009

📍 **Where to file:**
Submit to the RDO having jurisdiction over your place of business.

⏰ **Deadline:**
File within **45 days** from the date of the event that caused the damage or loss.

⚠️ Failure to comply with the documentary requirements and deadline may result in denial of the claim.

For complete guidelines and documentation checklist, refer to the full text of **RMO No. 31-2009**.

Stay compliant. Stay informed. 💼📊

28/01/2026

BIR Tax Deadline

January 25, 2026 Sunday

SUBMISSION
Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayers – Non-eFPS Filers – For the Quarter ending December 31, 2025
Sworn Statement of Manufacturer’s or Importer’s Volume of Sales of each particular Brand of Alcohol Products, To***co Products and Sweetened Beverage Products – For the Quarter ending December 31, 2025

e-FILING & PAYMENT (Online/Manual)
BIR Form 2550Q (Quarterly Value-Added Tax Return) - eFPS & Non-eFPS Filers – For the Quarter ending December 31, 2025
BIR Form 2551Q (Quarterly Percentage Tax Return) – eFPS & Non-eFPS Filers - For the Quarter ending December 31, 2025
BIR Form 2550-DS (Value-Added Tax (VAT) Return for Nonresident Digital Service Provider) – eFPS & Non-eFPS Filers - For the Quarter ending December 31, 2025

Deadlines which fall on Weekends, Holidays and Non-Working days shall automatically be moved to the next working day.

28/01/2026

𝗕𝗜𝗥 𝗢𝗻𝗹𝗶𝗻𝗲 𝗟𝗢𝗔 𝗩𝗲𝗿𝗶𝗳𝗶𝗲𝗿 𝗡𝗼𝘄 𝗟𝗶𝘃𝗲

Verify your Letter of Authority (LOA) instantly on the BIR website via the REVIE chatbot.

This new feature lets you verify the authenticity of your LOA anytime, anywhere—protecting you from fake audits, unauthorized inspections, and harassment.

The LOA Verifier lets taxpayers confirm if an LOA is valid, helping them prevent fake audits, unauthorized inspections, and harassment.

How to Verify Your LOA:
1. Open REVIE’s chat box.
2. Select your preferred language (English or Filipino).
3. From the dropdown menu, choose LOA Verifier, then provide the following details:

• TIN:
• Registered Name:
• LOA Case Number:

You will receive a real-time response:
LOA FOUND – Your LOA is valid.
LOA NOT FOUND – The system does not have your LOA.

If your LOA is not found, follow these steps for manual verification:
• Email [email protected] with your LOA attached.
• Include the following information: TIN, Name of Taxpayer, LOA Case Number, and Issuing Office (RR No., RDO No., LTS, or NID).

You’ll receive a response to your manual verification request within three working days.

This tool makes your tax compliance safer, simpler, and more reliable.

Verify your LOA today