29/07/2026
𝗥𝗘𝗔𝗗 the joint statement of the Department of Finance and the Bureau of Internal Revenue (BIR) on the tax relief measures highlighted by President Ferdinand R. Marcos Jr. during his Fifth State of the Nation Address (SONA) on July 27, 2026.
The One-Time Tax Abatement Program for Micro Taxpayers, issued on June 22, 2026 through Revenue Regulations (RR) No. 4-2026, provides qualified micro taxpayers relief from outstanding tax liabilities and penalties. Upon the recommendation of the Food and Drug Administration (FDA), the BIR also expanded the VAT exemption on medicines through Revenue Memorandum Circular (RMC) No. 27-2026 issued on April 8, 2026, making more essential medicines VAT-exempt and helping reduce healthcare costs for Filipinos.