The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 38-2026 dated 29 April 2026 to prescribe the issuance and posting of the BIR Registration Seal Badge on online websites, e-commerce or e-marketplace seller or merchant pages, mobile applications, social media business pages, and other digital platforms. The Circular also announces the …
The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1240, Series of 2026, following Monetary Board Resolution No. 838 dated 3 September 2026. The Circular adopts prudential requirements applicable to technology-driven thrift, rural, and cooperative banks (TBs, RBs, and Coop Banks) to support prudent digital transformation while ensuring that bank operations remain strictly aligned with …
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 98-2026 dated 22 September 2026, to prescribe clear policies and guidelines on the issuance of electronic invoices. Issued pursuant to Section 237 of the National Internal Revenue Code (Tax Code), as amended, and implementing Revenue Regulations (RR) No. 8-2022 and RR No. 11-2025, as …
RMC No. 98-2026: POLICIES AND GUIDELINES ON THE ISSUANCE OF ELECTRONIC INVOICES Read More »
The Securities and Exchange Commission (SEC) has issued Memorandum Circular No. 26, Series of 2026, amending the accreditation framework for auditing firms and external auditors of SEC-regulated entities and other covered corporations. The amendments strengthen accreditation requirements, expand coverage to certain corporations with government contracts, impose stricter audit-quality standards, and clarify the grounds for conditional …
SEC Tightens Accreditation Guidelines for Auditing Firms and External Auditors Read More »
DIGITAL TRANSFORMATION IN CORPORATE COMPLIANCE: IMPLEMENTING PAPERLESS FILING UNDER SEC MEMORANDUM CIRCULAR NO. 21 SERIES OF 2026 Digital transformation in corporate compliance has reached a significant milestone in the Philippines as regulatory processes transition from traditional paper-based submissions to automated, digital-first frameworks. Recognizing the need to enhance administrative efficiency, promote environmental sustainability, and further the …
In alignment with the Philippine Development Plan (PDP) 2023–2028 and Republic Act No. 11032 (Ease of Doing Business and Efficient Government Service Delivery Act of 2018), the Securities and Exchange Commission (“SEC”) has issued Memorandum Circular No. 24, Series of 2026 (“MC No. 24”), which mandates the use of the Online Application for Registration Statements (“OARS”). OARS …
SEC Moves Toward Paperless Capital Markets Through Mandatory OARS Filing Read More »
The Bureau of Internal Revenue (“BIR”) continues to modernize Philippine tax administration through the implementation of electronic invoicing and electronic sales reporting requirements. With the issuance of Revenue Regulations (“RR”) No. 11-2025, as subsequently amended by RR No. 26-2025, certain taxpayers are now required to transition to electronic invoicing, with covered taxpayers given until December …
Electronic Invoicing by December 31, 2026: Is Your Business Required to Comply? Read More »
The National Privacy Commission (NPC) has issued NPC Advisory No. 2026-02 dated 11 May 2026, providing clarifications to Personal Information Controllers (PICs) on requests concerning the notification of affected data subjects following a personal data breach. The Advisory specifically addresses requests for postponement, exemption, alternative means of notification, and extensions for required submissions through the …
NPC Clarifies Submission of Personal Data Breach Notifications Through DBNMS Read More »
Digital lending in the Philippines has grown exponentially in recent years, presenting unprecedented opportunities for financial inclusion while simultaneously introducing complex, systemic risks for financial consumers. Recognizing the need to promote responsible technological innovation while safeguarding market integrity, the Securities and Exchange Commission (SEC) has issued a landmark regulation for Financing Companies (FCs )and Lending …
Online Lending Is Back: New SEC Rules for Financing and Lending Companies Read More »
The Securities and Exchange Commission (SEC) has taken a decisive step toward modernizing corporate compliance and administrative governance in the Philippines. With the issuance of SEC Memorandum Circular No. 23, Series of 2026, the Commission officially introduces VERITAS, or the Verification of Electronic Records and Information Trust and Authentication System, which is a decentralized, blockchain-based document signing and …
SEC Modernizes Corporate Filings Through Blockchain-Based VERITAS Read More »
