Subject: WEEKLY TAX UPDATES [OCT 27] DOF eyes general tax amnesty bill by year-end

WEEKLY TAX UPDATES

OCTOBER 27

  1. TAX & BUSINESS-RELATED NEWS [OCTOBER 19-26]

  2. BIR EXTENDS DEADLINES FOR QUARTERLY VAT & PERCENTAGE TAX RETURNS DUE TO EFPS ISSUES

  3. BIR CLARIFIES REVENUE REGULATIONS (RR) NO. 006-2026 ON SEPARATE PRESENTATION OF CWT IN SALES INVOICE

  4. BIR CIRCULARIZES ADDITIONAL PERA BSP APPROVED UITF

  5. COURT OF TAX APPEALS CASES

1. TAX & BUSINESS-RELATED NEWS [OCTOBER 19-26]

1. BIR pauses seal badge rule for online sellers, creators

2. Govt urged to subsidize homebuyers

3. Outsource Philippine visas? Ombudsman call draws DFA defense of mandate

4. $34.1M US grant for ube industry to benefit 12k Pinoy farmers — DA

5. SSS makes first overseas investment

6. DOLE sets compensation rules for heat-related illnesses

7. SBMA, Subic EnerZone extend power pact for 25 years

8. DOF, JBIC forge 3-year infrastructure partnership

9. Chiz Escudero bill seeks tax exemption for shared residential spaces

10. P40-P45 wage hike approved in Region 6, Negros Occidental

11. PHL exports coconuts to Liberia

12. Ely Buendia, Offshore execs open Asian comfort food Makati restaurant

13. SC recognizes BIR efforts in eNotarization rollout

14. DOF eyes general tax amnesty bill by year-end

15. Taxpayers can’t get back P467B flagged by Supreme Court

16. Court allows labor groups to join wage hike legal tussle

17. BIR, experts back review of bank secrecy laws

18. MediCard PH sees single-digit growth in claims costs per member in 2026

19. More MROs coming to Clark airport, says BCDA

20. DOLE: Heat index of 40C may be used as reason not to go to work

21. No more premium payments for PWDs under new PhilHealth policy

22. Public can now notarize documents online through digital platform

23. Supreme Court: COA audit not needed for Ombudsman to probe officials

24. Pag-IBIG expanding home loan subsidies amid property slump

25. No minimum wage exemption applications yet in Central Visayas

26. Taiwanese firm setting up solar float manufacturing facilities in Pampanga, Batangas

27. Razon’s energy housecleaning: Prime Oil eyes MOREI’s 30% West PH Sea gas stake

28. Baguio opens new nature sanctuary

29. Manila court convicts businessman over Canada waste importation

30. BCDA unveils multibillion-peso redevelopment of Baguio's Camp John Hay

DISCLAIMER!

We saw these tax and business-related news on various news sites, and we thought you should see them. DMD is not responsible for the content of these news, and anything written thereon does not necessarily reflect DMD views or opinions.

BIR pauses seal badge rule for online sellers, creators [The Philippine Star, October 26, 2026]

Under Revenue Memorandum Circular No. 113-2026 issued Monday, October 26, taxpayers who have already secured their badges may opt to continue displaying them on their online platforms.

 

Govt urged to subsidize homebuyers [The Manila Times, October 26, 2026]

The Chamber of Real Estate and Builders’ Associations Inc. (CREBA) is proposing an interest subsidy program through the Home Development Mutual Fund, or Pag-IBIG Fund, alongside changes to balanced housing requirements and regulations governing preselling proceeds.

 

Outsource Philippine visas? Ombudsman call draws DFA defense of mandate [The Philippine Star, October 26, 2026]

Remulla argued that using a third-party provider would establish a uniform international standard for processing applications and screening tourists and business travelers.

 

$34.1M US grant for ube industry to benefit 12k Pinoy farmers — DA [GMA News Online, October 25, 2026]

According to the DA, the project will be implemented by US-based nonprofit TechnoServe, which is expected to provide technical expertise to support the ube industry’s development.

 

SSS makes first overseas investment [Philippine Daily Inquirer, October 24, 2026]

The Social Security System (SSS) has made its first foreign investment after putting $200,000 in US government Treasuries, with newly appointed President and CEO Victor Limlingan planning to raise the pension fund’s offshore allocation to as much as 5 percent of its investment reserve fund (IRF) by 2027.

 

DOLE sets compensation rules for heat-related illnesses [Daily Tribune, October 24, 2026]

Labor Secretary Francis N. Tolentino signed Labor Advisory No. 19, Series of 2026, on October 23, outlining guidelines for the prevention, documentation and reporting of occupational heat-related illnesses, as well as the filing and evaluation of employees' compensation claims.


SBMA, Subic EnerZone extend power pact for 25 years [Inquirer.Net, October 24, 2026]

AboitizPower-led Subic EnerZone Corporation has renewed its power distribution partnership with the Subic Bay Metropolitan Authority, extending its management of the Subic Bay Freeport Zone’s power distribution system for another 25 years.


DOF, JBIC forge 3-year infrastructure partnership [Inquirer.Net, October 24, 2026]

The Department of Finance (DOF) and the Japan Bank for International Cooperation (JBIC) have signed a cooperation deal to support infrastructure development programs across various sectors.


Chiz Escudero bill seeks tax exemption for shared residential spaces [Philippine Daily Inquirer, October 23, 2026]

Under SB 2569, all portions of a residential condominium or subdivision project that are duly designated or recognized as common areas would be exempt from RPT, provided they are not used for commercial or income-generating activities.


P40-P45 wage hike approved in Region 6, Negros Occidental [The Manila Times, October 23, 2026]

RTWPB-6 chairman Sixto Rodriguez Jr. confirmed to The Manila Times on Friday, Oct. 23, that the board approved a new wage order on Oct. 21, which will cover workers in Western Visayas, including Negros Occidental and Bacolod City.

 

PHL exports coconuts to Liberia [BusinessMirror, October 23, 2026]

Davao City-based Abante Agri-Products Philippines Inc. shipped approximately 50 metric tons (MT) of whole young coconuts to Monrovia, Liberia, using two 40-foot refrigerated containers. Each container held 16,000 coconuts distributed across 800 sacks (20 pieces per sack), carrying a combined free-on-board (FOB) value of $22,400.

 

Ely Buendia, Offshore execs open Asian comfort food Makati restaurant [The Philippine Star, October 23, 2026]

Musicians Ely Buendia, Audry Dionisio and Pat Sarabia — the minds behind Offshore Records — took over what used to be Thai Mookata, which past customers will have known for its Thai hot pot and grill concept.

 

SC recognizes BIR efforts in eNotarization rollout [Inquirer.Net, October 23, 2026]

Through coordination with the SC’s Office of the Bar Confidant–Interim Electronic Notary Services (OBC-IENS), the BIR helped establish the process through which electronic notaries public can fulfill their DST obligations using the eDST system.

 

DOF eyes general tax amnesty bill by year-end [Inquirer.Net, October 22, 2026]

The general tax amnesty has long been part of the DOF’s revenue-raising proposals. However, former President Rodrigo Duterte partially vetoed a law in 2019 that granted tax amnesty to taxpayers who failed to pay the correct taxes for 2017 and prior years.


Taxpayers can’t get back P467B flagged by Supreme Court [Philippine Daily Inquirer, October 22, 2026]

Supreme Court spokesperson Camille Ting said on Wednesday that funds spent on irreversible programs whose beneficiaries acted in good faith would remain valid under the doctrine of operative fact.

 

Court allows labor groups to join wage hike legal tussle [The Manila Times, October 22, 2026]

THE Pasig Regional Trial Court (RTC) Branch 152 ruled on Tuesday that labor groups can intervene in the legal battle over Metro Manila’s P85 minimum wage hike, but said the suspension of the implementation of the increase remains.

 

BIR, experts back review of bank secrecy laws [The Philippine Star, October 21, 2026]

Mendoza said the restrictions make it difficult for the BIR to independently verify whether taxpayers have accurately declared their taxable income, even with the agency’s broad investigative and assessment powers.

 

MediCard PH sees single-digit growth in claims costs per member in 2026 [GMA News Online, October 21, 2026]

According to MediCard Philippines president and chief executive officer Julian Mengual, the company expects slower growth in healthcare benefits and claims this year as it focuses on preventive healthcare.


More MROs coming to Clark airport, says BCDA [Philippine Daily Inquirer, October 21, 2026]

Lufthansa Technik Philippines will not be the last maintenance, repair and overhaul (MRO) provider to set up shop at Clark International Airport, as the government is eyeing an agreement with another European company as early as November.


DOLE: Heat index of 40C may be used as reason not to go to work [GMA News Online, October 20, 2026]

The heat index in urban areas, such as Metro Manila, is forecast to reach 50 degrees Celsius during the course of Super El Niño, the Climate Change Commission (CCC) earlier said.


No more premium payments for PWDs under new PhilHealth policy [GMA News Online, October 20, 2026]

Under PhilHealth Circular No. 2026‑0017, qualified PWDs are automatically covered under the national health insurance program.

 

Public can now notarize documents online through digital platform [GMA News Online, October 20, 2026]

Developed by Qlegal, a brand of Quanby Solutions Inc., NotarioPH is designed to make notarization more accessible to individuals and businesses. Quanby Solutions is an accredited Electronic Notary Facility authorized by the Supreme Court.


Supreme Court: COA audit not needed for Ombudsman to probe officials [GMA News Online, October 20, 2026]

The case originated from four administrative complaints filed before the Ombudsman following a COA special audit into P966 million in allocated development funds intended for electrification, healthcare, education, and infrastructure projects in Palawan.


Pag-IBIG expanding home loan subsidies amid property slump [GMA News Online, October 20, 2026]

Pag-IBIG Fund is broadening home loan subsidies with promotional interest rates to stimulate buyer demand as the Philippine residential property sector grapples with a prolonged downturn that is expected to stretch into late 2027.


No minimum wage exemption applications yet in Central Visayas [Cebu Daily News, October 20, 2026]

Small businesses seeking exemption from Central Visayas’ new minimum wage rates have yet to complete their applications, the Regional Tripartite Wages and Productivity Board-7 (RTWPB-7) said, as employers face requirements to qualify for relief from the mandated pay increase.


Taiwanese firm setting up solar float manufacturing facilities in Pampanga, Batangas [Philippine Daily Inquirer, October 20, 2026]

Taiwanese solar float manufacturer Suntoward Tech Philippine Inc. will begin production in Pampanga in the first quarter of 2027, establishing its Philippine manufacturing presence through facilities leased from AyalaLand Logistics Holdings Corp. (ALLHC).


Razon’s energy housecleaning: Prime Oil eyes MOREI’s 30% West PH Sea gas stake [Bilyonaryo, October 20, 2026]

Trilyonaryo Enrique Razon Jr. is consolidating his energy interests, with his Prime Oil & Gas Inc. offering to acquire a 30% stake in a natural gas exploration block in the West Philippine Sea from another company within his business group.


Baguio opens new nature sanctuary [Daily Tribune, October 19, 2026]

The Baguio Arboretum officially opened to the public on October 19, 2026. It is a specialized botanical garden or living museum focused on the cultivation, study and display of a diverse collection of trees, shrubs and woody plants.

 

Manila court convicts businessman over Canada waste importation [Inquirer.Net, October 19, 2026]

In a statement, the DOJ said the business owner aided in the importation of hazardous waste contained in 10 shipping containers that arrived at the Port of Manila in June 2013.

 

BCDA unveils multibillion-peso redevelopment of Baguio's Camp John Hay [GMA News Online, October 19, 2026]

The Bases Conversion and Development Authority (BCDA) is pursuing a multibillion-peso redevelopment of Camp John Hay in Baguio City, seeking more private-sector partnerships to improve the former American military base.

2. BIR EXTENDS DEADLINES FOR QUARTERLY VAT & PERCENTAGE TAX RETURNS DUE TO EFPS ISSUES

Revenue Memorandum Circular (RMC) No. 115-2026, issued on October 26, 2026, extends the deadline for filing and payment of taxes under BIR Form Nos. 2550Q - Quarterly Value-Added Tax (VAT) Return and 2551Q - Quarterly Percentage Tax Return from October 26 to October 29, 2026, due to the unavailability of the Electronic Filing and Payment System (eFPS). The extension covers the submission of required attachments without the imposition of penalties.

3. BIR CLARIFIES REVENUE REGULATIONS (RR) NO. 006-2026 ON SEPARATE PRESENTATION OF CWT IN SALES INVOICE

Revenue Memorandum Circular (RMC) No. 112-2026, issued on October 22, 2026, clarifies the implementation of Revenue Regulations (RR) No. 006-2026 on the separate presentation of Creditable Withholding Tax (CWT) in sales invoices and provides transitional guidelines to help taxpayers comply without disrupting existing invoicing processes.

 

Highlights include the applicability of separate CWT presentation only to transactions subject to withholding tax, the temporary use of existing invoices with manual CWT annotations, the eventual enhancement of invoicing systems to separately reflect CWT, the acceptance of Credit Memos for corrections, and transitional measures to facilitate compliance with the new invoicing requirements.

4. BIR CIRCULARIZES ADDITIONAL PERA BSP APPROVED UITF

Revenue Memorandum Circular (RMC) No. 111-2026, issued on October 12, 2026, circularizes an additional Personal Equity and Retirement Account (PERA) Unit Investment Trust Fund (UITF) approved by the Bangko Sentral ng Pilipinas (BSP).

5. CTA CASES

[A FINAL ASSESSMENT NOTICE IS VOID IF IT FAILS TO STATE A DEFINITE TAX LIABILITY & A SPECIFIC PAYMENT DEADLINE] [DUE PROCESS REQUIRES THAT A TAXPAYER BE INFORMED OF THE EXACT AMOUNT DUE & WHEN PAYMENT IS REQUIRED]

Petitioner Eiskin Laboratories, Inc. filed a Petition for Review seeking the cancellation of the assessment issued by the Respondent Commissioner of Internal Revenue (CIR). Petitioner argued that the Letter of Authority (LOA) was invalid and that it was denied due process during the assessment proceedings. Likewise, Formal Letter of Demand/Final Assessment Notice (FLD/FAN) was void for failing to state a definite tax liability, that the assessments had already prescribed, and that it was not liable for the alleged deficiency taxes. On the other hand, Respondent countered that the Court lacked jurisdiction because Petitioner failed to file a timely and valid protest, rendering the assessments final and executory. Likewise, due process was observed. In ruling, the Court held that the FLD/FAN was void for failing to state a definite amount of tax liability and a specific due date for payment. The FLD/FAN expressly stated that the interest and total amount due would still be assessed and collected until full payment, making the assessed liability indefinite. Moreover, the accompanying Assessment Notices did not indicate a due date for payment. Citing CIR v. Fitness By Design, Inc., the Court emphasized that a valid assessment must contain a categorical demand for payment of a definite amount within a specific period. Consequently, the Court GRANTED the Petition for Review and the assessment was CANCELLED. [EISKIN LABORATORIES, INC. VS. COMMISSIONER OF INTERNAL REVENUE, CTA CASE NO. 10596, OCTOBER 1, 2026]


TO CLAIM A REFUND OF EXCESS OR UNUTILIZED CWTS, THE TAXPAYER MUST PROVE THAT THE WITHHOLDING TAXES WERE PROPERLY WITHHELD & SUBSTANTIATED & THAT THE CORRESPONDING INCOME PAYMENTS WERE INCLUDED IN ITS GROSS INCOME REPORTED IN THE INCOME TAX RETURNS

Petitioner Samsung SDS Global SCL Philippines Co., LTD. Inc. filed a Motion for Reconsideration seeking to reverse the Court’s earlier Decision denying its claim for refund of Creditable Withholding Taxes (CWTs) for failure to sufficiently establish that the income payments from which the claimed CWTs were withheld were included in its gross income as reported in its Annual Income Tax Returns (AITR) for calendar year (CY) 2020. The Petitioner argues that the Court erred in disallowing Php 1,449,533,227.67 in income payments due to insufficient proof of income inclusion in its AITR contending that the Court imposed requirements not prescribed by the Tax Code and that it should evaluate the evidence collectively. Further, it requests that the Court consider the Independent Certified Public Accountant (ICPA) February 13, 2026 Letter clarifying the procedures used to trace the income payments to its reported gross income. On the other hand, the Respondent Commissioner of Internal Revenue (CIR) argues that the Petitioner failed to prove that the Php 1,449,533,227.67 income payments subject to CWT were included in its gross income for CY 2020, thereby failing to satisfy the requirements for a refund. The CIR also contends that the Petition was prematurely filed because the administrative refund claim remained pending with the BIR. In ruling, the court found that only Php 25,762,974.39 of the substantiated CWTs of Php 30,208,502.00 satisfied the third requisite, which requires proof that the income payments subject to CWT were included in the Petitioner’s gross income in its AITR for CY 2020. Although its total revenues substantially matched those reported in its Audited Financial Statement and AITR, income payments amounting to Php 8,849,242.41 and corresponding to CWTs of Php 176,984.84 were not sufficiently traced to its reported gross income. Consequently, the Motion for Reconsideration is PARTIALLY GRANTED. [SAMSUNG SDS GLOBAL SCL PHILIPPINES CO., LTD. INC VS COMMISSIONER OF INTERNAL REVENUE, CTA CASE NO. 11129, SEPTEMBER 29, 2026]


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