THE suspension of all Bureau of Internal Revenue (BIR) field audits will provide immediate relief to businesses and allow them to focus their attention on other priorities, a business chamber said on Tuesday. The Philippine Chamber of Commerce and Industry (PCCI) said that the Department of Finance’s intervention provides “crucial and immediate relief” to businesses, […]THE suspension of all Bureau of Internal Revenue (BIR) field audits will provide immediate relief to businesses and allow them to focus their attention on other priorities, a business chamber said on Tuesday. The Philippine Chamber of Commerce and Industry (PCCI) said that the Department of Finance’s intervention provides “crucial and immediate relief” to businesses, […]

PCCI backs suspension of BIR field audits

2025/11/25 21:05
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]

THE suspension of all Bureau of Internal Revenue (BIR) field audits will provide immediate relief to businesses and allow them to focus their attention on other priorities, a business chamber said on Tuesday.

The Philippine Chamber of Commerce and Industry (PCCI) said that the Department of Finance’s intervention provides “crucial and immediate relief” to businesses, especially micro, small and medium enterprises.

In particular, the PCCI said that the suspension gives businesses “much-needed operational breathing room to better focus on year-end priorities such as strategic planning, inventory management, and holiday season sales without the added pressure of a BIR audit.”

Revenue Memorandum Circular 107-2025 ordered the suspension of all field audits and related operations.

PCCI also welcomed the establishment of the technical working group (TWG) reviewing and updating the BIR’s policy frameworks related to the issuance of letters of authority (LoA).

“The creation of the TWG to conduct a comprehensive review signals a concrete and meaningful step toward addressing long-standing concerns about clarity, consistency, and proper oversight in audit processes,” it said.

“The PCCI sees this as an important opportunity to improve guidelines, strengthen internal controls, and ensure that the audit system fully aligns with established rules and the principles of due process,” it added.

Meanwhile, Philippine Retailers Association Chairman Roberto S. Claudio said that the suspension is a welcome development.

“This is welcome news not only to retailers but to all businessmen who have suffered from unfair practices of the BIR,” he said via Viber.

He said the DoF now needs “to define BIR’s authority and systems to audit without harassing taxpayers.”

Semiconductor and Electronics Industries in the Philippines Foundation, Inc. President Danilo C. Lachica noted that these audits have been discouraging businesses from availing of incentives.

“There are a lot of incentives like training, research and development, and investments. But unfortunately, within our members, no one is applying. Why? Because before reimbursement, there will be audits,” he said. — Justine Irish D. Tabile

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

DBS, Franklin Templeton, and Ripple partner to launch trading and lending solutions powered by tokenized money market funds and more

DBS, Franklin Templeton, and Ripple partner to launch trading and lending solutions powered by tokenized money market funds and more

PANews reported on September 18 that according to Cointelegraph, DBS Bank, Franklin Templeton and Ripple have partnered to launch trading and lending solutions supported by tokenized money market funds and RLUSD stablecoins.
Share
PANews2025/09/18 10:04
Today’s Wordle #1552 Hints And Answer For Thursday, September 18th

Today’s Wordle #1552 Hints And Answer For Thursday, September 18th

The post Today’s Wordle #1552 Hints And Answer For Thursday, September 18th appeared on BitcoinEthereumNews.com. How to solve today’s Wordle. SOPA Images/LightRocket via Getty Images I posted the Wordle Wednesday riddle yesterday, but somehow had deleted it when the post went live, so the riddle itself went up late. If you missed it, my apologies. In any case, the solution is below, but first, here was the (late) riddle: “I’m the beginning of the end and the end of time and space. I am in everything and surround every place. What am I?” The answer: The letter “E”. It’s the beginning of End and the end of timE and spacE. It’s in evErything and surrounds Every placE. Kind of clever. It would be much harder if you heard the riddle spoken. Looking for Tuesday’s Wordle? Check out our guide right here. How To Play Wordle Wordle is a daily word puzzle game where your goal is to guess a hidden five-letter word in six tries or fewer. After each guess, the game gives feedback to help you get closer to the answer: Green: The letter is in the word and in the correct spot. Yellow: The letter is in the word, but in the wrong spot. Gray: The letter is not in the word at all. Use these clues to narrow down your guesses. Every day brings a new word, and everyone around the world is trying to solve the same puzzle. Some Wordlers also play Competitive Wordle against friends, family, the Wordle Bot or even against me, your humble narrator. See rules for Competitive Wordle toward the end of this post. Today’s Wordle Hints And Answer Wordle Bot’s Starting Word: SLATE My Starting Word Today: TRAIL (189 words remaining) The Hint: This Wordle cuts to the bone. The Clue: This Wordle starts with a silent letter. Okay, spoilers below! The answer is coming! .…
Share
BitcoinEthereumNews2025/09/18 09:05
US-Israel airstrikes trigger 700% surge in Iran crypto outflows

US-Israel airstrikes trigger 700% surge in Iran crypto outflows

The post US-Israel airstrikes trigger 700% surge in Iran crypto outflows appeared on BitcoinEthereumNews.com. Homepage > News > Business > US-Israel airstrikes
Share
BitcoinEthereumNews2026/03/05 16:01