What the New BIR Audit Rules Mean for You If you have a pending Letter of Authority (LOA) from the Bureau of Internal Revenue (BIR), 2026 is not a year to wait and see . The BIR has officially lifted the suspension of tax audits and rolled out a reformed audit framework  that will directly affect how your audit proceeds, how broad it becomes, and how much risk you may be exposed to. This guide is written for taxpayers with pending LOAs —business owners, executives, profession

January 27, 2026  marks a major turning point for Philippine taxpayers. The Bureau of Internal Revenue (BIR) has officially lifted the suspension on tax audits and field operations through Revenue Memorandum Circular (RMC) No. 8-2026 , ending the pause imposed under RMC No. 107-2025  last November. Effective immediately, all audit and enforcement activities are set to resume—but under a reformed, tighter, and more accountable audit framework . This development is highly signi

Published:  24 January 2026 Effective:  Immediately upon publication Issued by:  Securities and Exchange Commission (SEC), Philippines The Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 6, Series of 2026 , introducing a significant change that simplifies the process of increasing a corporation’s authorized capital stock (ACS)  when the subscription is paid in cash. This development is a welcome move for corporations, startups, and growing busi

The Securities and Exchange Commission (SEC) has issued SEC Memorandum Circular No. 7, Series of 2026 , which sets out comprehensive rules on the term limit of Independent Directors (IDs) of publicly-listed companies (PLCs). The issuance aims to strengthen corporate governance, reinforce director independence, and align Philippine regulations with international best practices. Coverage The Circular applies to companies with a class of equities listed for trading on an exchang