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News & Announcements.

Firm updates, regulatory developments, and advisories from Alcala Abellar Chan & Co., CPAs.

Tax advisory 15 October 2026

RMC No. 110 - 2026 — Accreditation for E-Invoicing Service Providers

“Prescribing the Accreditation, Technical, Operational, Security, Data Governance, Institutional, Legal, and Continuing Compliance Requirements for Electronic Invoicing Solutions of Electronic Invoicing Service Providers (ESPs)”

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Regulatory Advisory 14 October 2026

CDA MC No. 2026-14

Guidelines for the Institutionalization of Youth Representation in Cooperatives

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Tax advisory 1 October 2026

RMC No. 100-2026 — Temporary Suspension of Excise Tax on Specific Petroleum Products

Circularizing Executive Order No. 125, Series of 2026, Entitled "Temporarily Suspending the Excise Taxes on Specific Petroleum Products Pursuant to Section 148 of Republic Act No. 8424, or the National Internal Revenue Code of 1997, as Amended"

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Tax advisory 30 September 2026

RMC No. 98-2026 — Policies and Guidelines on the Issuance of Electronic Invoice

Prescribing Policies and Guidelines on the Issuance of Electronic Invoice under Revenue Regulations (RR) No. 8-2022 and RR No. 11-2025, as Amended by RR No. 26-2025

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Regulatory Advisory 22 September 2026

SEC MC No. 26, Series of 2026

Amendments to SEC Accreditation Guidelines of Auditing Firms and External Auditors

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Tax advisory 14 September 2026

SC Abandons Aznar v. CTA in the Case of Mcdonald's Philippines Realty Corporation v. CTA

The Supreme Court expressly abandoned it previous ruling in Aznar v. CTA in the case of Mcdonald’s Philippines Realty Corporation v. Commissioner of Internal Revenue (G.R. No. 247737, August 8, 2023)

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Tax advisory 14 September 2026

RMC 97 - 2026

Circularizing Energy Regulatory Commission Resolution No. 26, Series of 2026, Declaring the System Loss Charge as a Government-Mandated Pass-Through Cost Not Forming Part of the Gross Sales of Generation Companies, National Grid Corporation of the Philippines, and Distribution Utilities for Value-Added Tax Purposes, and Further Amending Revenue Memorandum Circular No. 116-2024

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Regulatory advisory 7 September 2026

SEC MC No. 24, Series of 2026 — mandatory use of the Online Application for Registration Statements (OARS)

The Securities and Exchange Commission now requires every application for an initial public offering, follow-on offering, direct public offering or first-tranche shelf registration to be filed electronically through the Online Application for Registration Statements (OARS), with an active eSECURE account as the way in. The Circular took effect immediately upon issuance.

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Tax advisory 27 August 2026

BIR RMO No. 22-2026 — the consolidated and revised BIR Audit Program

The Bureau has folded every audit programme into a single framework: generally one electronic Letter of Authority per taxpayer, per taxable year, covering all internal revenue taxes, with risk-based and anonymised case selection. It took effect on issuance, 24 August 2026.

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