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 for VAT...

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 affect how...

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 operations without...