Mergeminds Tax Management Services - Calamba Branch

Happy birthday to an incredible leader!

Thank you for constantly inspiring us to do our best work and for steering our team toward new heights. We hope your day is filled with joy, and that the year ahead is your most successful and rewarding one yet.

Cheers to you, Ma'am Kaye!🫶💖

📣 𝗦𝗘𝗖 𝘀𝘂𝘀𝗽𝗲𝗻𝗱𝘀 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗽𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗹𝗮𝘁𝗲, 𝗻𝗼𝗻-𝗳𝗶𝗹𝗶𝗻𝗴 𝗼𝗳 𝗿𝗲𝗽𝗼𝗿𝘁𝘀

The Securities and Exchange Commission (SEC) is suspending until December 31, 2026 the imposition of monthly penalties in the late or non-filing of reportorial requirements, as it seeks to reduce transaction costs and promote the ease of doing business.

In its meeting on May 5, the Commission En Banc approved the suspension of penalties imposed for every month of delay for the late or non-filing of reportorial requirements, as provided under SEC Memorandum Circular No. 6, Series of 2024 (MC 6).

“As we celebrate the Ease of Doing Business month this May, the SEC reaffirms its commitment to foster a robust and responsive business environment,” SEC Chairperson Francis Lim said.

“By suspending the compounding monthly penalties, we are providing corporations an opportunity to get back their good standing without the burden of mounting transaction costs, as part of our goal of pushing corporations toward full compliance and sustainable growth,” he added.

The suspension will apply to corporations with pending monitoring applications. Corporations that have received final assessments but have not yet settled payment will be issued updated assessments excluding the per month of delay components.

Read the full memorandum circular here: https://www.sec.gov.ph/mc-2026/sec-mc-no-16-series-of-2026suspension-of-the-per-month-of-delay-penalty-for-late-and-non-filing-of-reportorial-requirements-under-sec-memorandum-circular-no-6-series-of-2024/

Read the full press release here: https://www.sec.gov.ph/pr-2026/sec-suspends-monthly-penalties-for-late-non-filing-of-reports/

𝗟𝗔𝗦𝗧 𝗗𝗔𝗬 𝗧𝗢𝗗𝗔𝗬 𝗧𝗢 𝗙𝗜𝗟𝗘 𝗔𝗡𝗗 𝗣𝗔𝗬 𝗔𝗡𝗡𝗨𝗔𝗟 𝗜𝗡𝗖𝗢𝗠𝗘 𝗧𝗔𝗫; 𝗕𝗜𝗥 𝗜𝗡 𝗙𝗨𝗟𝗟 𝗙𝗢𝗥𝗖𝗘 𝗡𝗔𝗧𝗜𝗢𝗡𝗪𝗜𝗗𝗘 𝗧𝗢 𝗔𝗦𝗦𝗜𝗦𝗧 𝗧𝗔𝗫𝗣𝗔𝗬𝗘𝗥𝗦

The Bureau of Internal Revenue (BIR) reminded taxpayers that today, 15 May 2026, is the last day to file and pay Annual Income Tax Returns (AITRs). The Bureau encouraged taxpayers who have not yet filed and paid their Annual Income Tax Returns to complete their transactions as early as possible today, using the BIR’s available electronic filing and payment channels.

“Nagpapasalamat tayo kay Pangulong Ferdinand Marcos, Jr. sa pagpapalawig sa AITR deadline. Mahaba po ang isang buwang palugit na siguradong nakatulong sa ating taxpayers na maayos na makapag-comply sa kanilang tax obligations,” BIR Commissioner Charlito Martin R. Mendoza said.

“Sa mga tapos na pong mag-file at magbayad, maraming salamat sa inyong maaga at on-time compliance. Sa mga nakapag-file na pero hindi pa nakakapagbayad, ihabol niyo na po ang payment ngayong araw, para iwas abala at penalties. At sa mga nakapag-file at nakapagbayad na, huwag po nating kalimutang i-submit din ang required attachments, dahil ngayong araw din po ang deadline ng mga ito,” he added.

To assist taxpayers on the final day of filing, the BIR has mobilized its Revenue District Offices (RDOs), eLounges, and taxpayer assistance centers nationwide to provide filing assistance, electronic filing support, and guidance on available electronic payment channels. The BIR has likewise established an Electronic Tax Filing Center – Tax Assistance Center to provide additional centralized taxpayer support for electronic filing concerns.

The BIR has also activated its National Command Center at Revenue Region No. 7B in Mandaluyong City to serve as the Bureau’s centralized monitoring and coordination hub for the May 15 filing deadline operations. From there, Commissioner Mendoza, together with Deputy Commissioners and key BIR officials, will oversee nationwide operations, monitor reports from RDOs and taxpayer assistance facilities, and coordinate immediate responses to filing-related concerns, ensuring continuous taxpayer assistance until the deadline closes.

REMINDER TO ALL BUSINESS OWNERS

WAIVER OF PENALTIES, SURCHARGES, AND INTEREST for delinquent business establishments for the Year 2024 and past years, under City Ordinance No. 876, Series of 2025, is valid UNTIL MAY 28, 2026 ONLY.

Take advantage of this opportunity to settle your obligations and update your business records while the waiver is in effect.

Visit the Business Permits and Tricycle Franchising Office (BPTFO) for assistance and further details.