BIR sets interim rules for pandemic-era tax loss claims

MANILA, Philippines — The Bureau of Internal Revenue (BIR) issued temporary filing procedures allowing businesses to claim pandemic-era tax losses after its electronic systems failed to accommodate the extended carry-over period. In Revenue Memorandum Circular No. 081-2026, the BIR said the Offline eBIRForms Package and Electronic Filing and Payment System (eFPS) still only allow Net Operating