Philippines: BIR resumes tax audits, field operations under new rules
The Philippines’ Bureau of Internal Revenue (BIR) announced on 27 January 2026, through Revenue Memorandum Circular (RMC) 8-2026, the lifting of the suspension on all tax audits and field operations that had been halted under an order issued in
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Japan, Philippines negotiates to revise income tax treaty
The Japanese Ministry of Foreign Affairs announced, on 26 January 2026, that the first round of negotiations to update the Japan–Philippines Income Tax Treaty will begin in Manila today, 27 January 2026. The treaty was originally signed in 1980
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Cambodia: Senate approves income tax treaty with Philippines
Cambodia's upper house of Parliament (Senate) approved the income tax treaty with the Philippines on 5 December 2025. The treaty was initially signed on 11 February 2025, during the Cambodian Prime Minister’s visit to the Philippines. The
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Cambodia approves income tax treaty with Philippines
Cambodia’s National Assembly approved the income tax treaty with the Philippines on 28 November 2025. The approval, announced in the results of the 5th session of the 7th legislature, covers a draft law establishing agreements between the two
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Philippines: DoF halts all on-site tax audits and related activities
The Philippine Department of Finance (DoF) has announced that the Bureau of Internal Revenue (BIR) will temporarily halt all field audits and related activities on 24 November 2025. This pause was formalised through Revenue Memorandum Circular (RMC)
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Cambodia: Council of Ministers approves income tax treaty with Philippines
Cambodia's Council of Ministers approved the income tax treaties with the Philippines on 24 October 2025. The Philippines and Cambodia signed their income tax treaty on 11 February 2025. The income tax treaty aims to alleviate the burden of
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Philippines: Government to form task force on tax and regulatory issues
The Department of Finance, in partnership with private sector stakeholders, is leading a multi-sectoral working group focused on improving the country’s investment environment and creating more employment opportunities. According to a
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Philippines: BIR extends e-invoicing compliance deadline
The BIR explained that this extension is necessary due to operational adjustments. The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has issued Revenue Regulations (RR) No. 026-2025 on 5 September 2025, which grants covered
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Philippines, Singapore to revise income tax treaty
The first round of negotiations took place from 2-4 September 2025. The Philippines’ Department of Finance announced the beginning of discussions to revise its 1977 tax treaty with Singapore on 25 September 2025, with the aim of updating the
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Philippines introduces tax reforms targeting large-scale metallic mining activities
Republic Act No. 12253 takes effect on 20 September 2025, affecting large-scale metallic mining contractors 150 days later, with implementing rules to be issued within 90 days. The Philippines has published Republic Act No. 12253, an Act
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Philippines: BIR issues 2025 VAT guidance for nonresident DSPs
The BIR has issued a memorandum which details VAT registration, return filing, and payment procedures for nonresident digital service providers through the VDS portal. The Philippines Bureau of Internal Revenue (BIR) released Revenue Memorandum
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Oman, Philippines move forward to finalise tax treaty
Oman and the Philippines advanced tax treaty talks and signed a visa waiver on 14 July 2025. Officials from Oman and the Philippines met in Manila to advance negotiations on a tax treaty and an investment protection agreement (IPA) between the
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US, Philippines reach new trade agreement on export tariffs
The US and the Philippines have agreed on a trade deal with a 19% tariff on Philippine exports and zero tariffs on US goods. The US and the Philippines have concluded a trade agreement that lowers the planned US tariff on Philippine exports from
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Philippines: DoF clarifies 20% final tax on interest income is not a new levy under Capital Markets Act
The DoF clarified that the 20% final tax on interest income standardises rates to address inequities favouring the wealthy, rather than introducing a new tax. The Philippines Department of Finance (DoF) released a statement on 17 July 2025 to
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Philippines commits to implementing CARF for crypto-assets
The implementation of the Crypto-Asset Reporting Framework (CARF) is aimed at combating cross-border tax evasion and illicit financial flows. The Philippines Department of Finance (DOF) announced its commitment to adopting the Crypto-Asset
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Philippines grants VAT exemption on medicines for major illnesses
Philippines announced a VAT exemption on medicines for cancer, diabetes, dialysis, hypertension, high cholesterol, and mental illnesses, effective 13 June 2025. The Philippines’ Department of Finance announced a VAT exemption for medicines
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Philippines issues VAT filing guidelines for nonresident digital providers
The BIR has issued a form and related guidelines for nonresident digital service providers to file and pay VAT. The Philippines Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 52-2025 on 30 May 2025, introducing a
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Philippines enacts Capital Markets Efficiency Promotion Act (CMEPA)
Philippine President Ferdinand R. Marcos, Jr. has signed the Capital Markets Efficiency Promotion Act (CMEPA) into law on 30 May 2025, which goes into force on 1 July 2025. Philippine President Ferdinand R. Marcos, Jr., has signed the Capital
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