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Bread & Butter Biscocho de Boracay

Iloilo City- The Philippine Chamber of Commerce and Industry (PCCI) commends the decisive action of Finance Secretary Frederick Go and the swift implementation by the Bureau of Internal Revenue (BIR) under its new Commissioner Charlito Martin R. Mendoza, through Revenue Memorandum Circular (RMC) 107-2025. RMC 107-2025 orders the suspension of all field audits and related operations of the agency. This intervention provides crucial and immediate relief to businesses, especially micro, small and medium enterprises, by granting them 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.
PCCI particularly lauds the BIRโ€™s establishment of a Technical Working Group (TWG) to review and update the Bureauโ€™s existing policy frameworks on the issuance and implementation of Letters of Authority (LOA) and related audit procedures. 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. 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.
As lead convenor of the Partnership with Multi-Sectoral Group (PMSG), created under a Memorandum of Agreement with the BIR, PCCI welcomes this development and is ready to contribute technical input and practical insights to the TWGโ€™s review. PCCI stands ready to work with the Department of Finance (DOF) and the BIR in refining the LOA framework and related audit protocols. Our shared goal is to cultivate a tax system that protects compliant taxpayers, supports efficient and fair revenue collection, and upholds the standards of accountability, integrity, and transparency.

Bread & Butter Biscocho de Boracay