YRA ​BUSINESS
​SOLUTIONS CORP.

Executive Summary BIR Revenue Memorandum Circular No. 73-2026 clarifies the tax treatment of activities undertaken under the Letter of Agreement on Narcotics Control and Law Enforcement between the Government of the Republic of the Philippines and the Government of the United States of America. In simple terms, the circular explains when certain transactions involving the U.S. Government, its recognized implementing partners, contractors, grantees, and personnel may qualify f

Executive Summary The Bureau of Internal Revenue has issued Revenue Administrative Order No. 3-2026 to reorganize the Human Resource Management Section under the Administrative and Human Resource Management Division of the BIR Revenue Regions. At first glance, this may look like an internal administrative change. But for taxpayers, businesses, professionals, and practitioners who regularly deal with the BIR, internal organization matters. A well-structured revenue agency can

Executive Summary The Bureau of Internal Revenue has issued Revenue Regulations No. 4-2026 to give qualified micro taxpayers a one-time opportunity to settle certain tax liabilities, penalties, and open cases through abatement. For small businesses, professionals, freelancers, online sellers, and micro enterprises, this is an important development. Many taxpayers accumulate BIR liabilities not because they intentionally avoid taxes, but because they miss filings, stop operati

Executive Summary Tax refund claims can involve large amounts of money, strict deadlines, and highly technical rules. For taxpayers claiming VAT refunds, creditable input taxes, or excise tax refunds, a denial from the Bureau of Internal Revenue should never be ignored. BIR Revenue Delegation Authority Order No. 33-2026 clarifies who within the BIR may sign decisions denying requests for reconsideration of certain refund claim denials. Under this Order, the Deputy Commissione

The Bureau of Internal Revenue issued Revenue Memorandum Circular No. 38-2026 to guide online sellers, e-commerce merchants, service providers, content creators, and other digital businesses on the posting of proof of BIR registration online. What Is the BIR Registration Seal Badge? The BIR Registration Seal Badge is an official proof that an online business or digital service provider is registered with the BIR. Instead of posting the full BIR Certificate of Registration or

The Bureau of Internal Revenue issued Revenue Memorandum Circular No. 37-2026 to update the filing guidelines for annual income tax returns. This circular amends portions of RMC No. 20-2026 by including the electronic filing of BIR Form No. 1701-MS through the BIR Offline eBIRForms Package Version 7.9.6. What Is BIR Form 1701-MS? BIR Form 1701-MS is the Annual Income Tax Return for individuals classified as Micro and Small Taxpayers. This form is used to report income earned

Many corporations mistakenly assume that only registered shareholders must be disclosed in SEC filings. However, under current SEC regulations, a Beneficial Owner refers to the natural person who ultimately owns or exercises control over a corporation — whether directly or indirectly. Understanding this distinction is essential for proper compliance, particularly when submitting the General Information Sheet (GIS) and other reportorial requirements. The 25% Ownership Thresho

Filing your General Information Sheet (GIS) with the SEC may seem routine — but small mistakes can result in penalties, compliance issues, and unnecessary stress for your company. Here are the most common errors businesses make: 1. Late Filing The GIS must be submitted within 30 calendar days from the date of the annual stockholders’ meeting (ASM) (or as required under SEC guidelines). Missing this deadline can lead to monetary penalties and may affect your company’s good st

The Securities and Exchange Commission (SEC) has officially released the filing schedule for corporations’ Annual Financial Statements (AFS) and General Information Sheets (GIS) for 2026. On February 11, 2026, the SEC issued Memorandum Circular No. 9, Series of 2026 , outlining the specific timelines and procedures for submission during the 2026 filing season. All covered corporations are required to submit their AFS and GIS through the SEC’s Electronic Filing and Submissio

You look at your sales and think, “Business is doing well.” But when you check your bank account, cash always seems tight. If this feels familiar, you are not alone. This is a common issue among small and growing businesses. In most cases, the problem is not sales — it is unmanaged expenses that quietly drain cash over time. Sales vs. Profit: A Common Misunderstanding Many business owners assume that strong sales automatically lead to strong profits. In reality, sales only sh

If you own a business, one of the most important things you should know is where you stand financially. Hindi lang kung kumikita ka, but kung healthy ba talaga ang negosyo mo overall. That’s exactly what a balance sheet helps you see. Many business owners hear the term “balance sheet” and immediately think it’s complicated or pang-accountant lang. In reality, it’s a very basic and practical report once you understand how it works. What a Balance Sheet Really Shows A balance s

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have announced a major policy move: all field audits and related operations are suspended immediately , following growing concerns from taxpayers about the issuance and handling of Letters of Authority (LOAs) and Mission Orders (MOs). Finance Secretary Frederick D. Go and BIR Commissioner Charlito Martin R. Mendoza delivered the statement together, emphasizing a renewed commitment to fairness, transpar

The Bureau of Internal Revenue (BIR) has released Revenue Regulations (RR) No. 26-2025 , amending the transitory provisions of RR No. 11-2025 . This new issuance extends the compliance deadline for covered taxpayers to issue electronic invoices until December 31, 2026 RR No. 26-2025. Key Highlights of RR No. 26-2025 Extended Compliance Deadline Covered taxpayers now have until December 31, 2026 to fully comply with electronic invoicing requirements. Who are covered? Taxpayers

Understanding the New Regulations The Bureau of Internal Revenue (BIR) has recently issued two important updates that will directly affect businesses and accounting practitioners: Revenue Regulation (RR) No. 24-2025 – Amends Section 2.57.2(I) of RR No. 2-98 (as amended), focusing on Creditable Withholding Tax (CWT) for Top Withholding Agents . Effectivity: October 10, 2025 (15 days after publication). Key Change: Clarifies and adjusts how top withholding agents must comput

June 20, 2025 YRA Business Solutions Corp. successfully conducted an internal Re-Echo Session last June 20, 2025 , focusing on the topic:...

Starting a business in the Philippines is an exciting journey, but scaling a startup into a sustainable and profitable company requires...

In today's fast-paced business environment, organizations must have streamlined processes and efficient operations that support overall...

In the dynamic world of business, efficiency, accuracy, and growth are essential elements for success. One area where these elements...

In today's global business landscape, companies often prioritize cost-effective solutions that allow them to maintain a competitive edge...

Registering and expanding a business in today's global landscape can be a daunting task. Whether you operate within the Philippines or...