REVENUE MEMORANDUM CIRCULAR (RMC) NO. 101-2026
I. Purpose
This circularizes the Fiscal Incentives Review Board (FIRB) Resolution No. 011-26 to inform all BIR officials, employees, and concerned parties of the temporary relief measures that may be granted to Registered Business Enterprises (RBEs) affected by the State of National Energy Emergency declared under Executive Order No. 110, s. 2026 due to disruptions in global fuel markets and their impact on business operations.
II. Coverage
This covers Registered Business Enterprises (RBEs) registered with the appropriate Investment Promotion Agency (IPA) and whose operations have been affected or disrupted by the fuel crisis.
III. Key Temporary Measures
1. Deferment of Tax Incentive Entitlement
o IPAs may allow affected RBEs to defer the availment of:
– Income Tax Holiday (ITH)
– Special Corporate Income Tax (SCIT)
– Enhanced Deductions Regime (EDR)
o The deferment period shall correspond to the extent of disruption caused by the fuel crisis; and
o The RBE must pay the income tax due for the taxable year covered by the deferment period.
2. Movement of Start of Commercial Operations
o Affected RBEs may move the start of commercial operations while retaining full entitlement to incentives under the terms and conditions of their registered project or activity.
IV. Effectivity
The temporary measures took effect on 24 March 2026 and shall remain effective for one (1) year, unless executive order is lifted or extended by the President.