Tax Alert No. 26 [Revenue Memorandum Circular No. 46-2026]

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. (RMC) No. 46-2026, to prescribe the extension of filing of the 2025 Audited Financial Statements (AFS) and Other Attachments, and guidelines to ensure uniform handling by all concerned offices of the issues encountered by taxpayers in the submission of AFS and other attachments through the Electronic Audited Financial Statements (eAFS)/ Submission Facility during the recently concluded Annual Income Tax Return (AITR) filing period.

The salient points of this RMC are discussed below.

1. Taxpayers who were unable to submit their AFS and attachments through the eAFS facility on or before 15 May 2026 due to system-related issues and those who submitted via email but did not receive an official acknowledgment, are allowed to submit/re-submit their documents through the eAFS facility until 25 May 2026 without penalties. However, this extension applies only to the submission of AFS and attachments and should not be interpreted as an extension of the deadline for filing the AITR.
2. Taxpayers who were able to submit their AFS and attachments via the prescribed contingency email procedure on or before 15 May 2026, and who received an acknowledgment from the concerned BIR office, are considered compliant with submission requirements. These taxpayers are no longer required to re-submit through the eAFS facility, although they may still choose to upload their documents voluntarily.
3. Concerned BIR officials, including Regional Directors, Revenue District Officers, and office heads, are directed to ensure that designated official email accounts are properly monitored and that all submissions are accurately recorded for monitoring and verification purposes. They are also required to send acknowledgment emails to taxpayers confirming receipt of submitted documents.
4. All submissions made through official BIR email under this Circular remain subject to validation and verification by the BIR. The Bureau reserves the right to require taxpayers to re-upload documents through the eAFS facility or provide additional documents or hard copies when necessary for audit, investigation, verification or other legal purposes.

You may access the full text of RMC No. 46-2026 through the BIR website.

For any inquiries or assistance, please feel free to reach out to our Tax Services team or connect with us through this link: www.pwc.com/ph/en/about-us/contact-us.html