We are pleased to share the 7th issue of GSE Law’s Legal Updates for 2026.

Issue No. 7 contains relevant issuances released by various government agencies in July 2026.

Among the notable BIR issuances is Revenue Memorandum Circular (RMC) No. 84-2026 which, in conjunction with Revenue Memorandum Order (RMO) No. 19-2026, provided clarifications and prescribed the policies, guidelines, requirements, and procedure for the availment of the One-Time Abatement of delinquent accounts, outstanding tax liabilities, and penalties for qualified Micro Taxpayers (introduced under Revenue Regulations No. 04-2026). 

The Legal Updates also cover RMC No. 75-2026 which addresses frequently asked questions on applications for One-Time Transaction (ONETT) Computation Sheet (OCS) and Electronic Certificate Authorizing Registration (eCAR) for the transfer of properties. 

As for the SEC, we discuss SEC Opinions that clarified the extent of the legal personality of a dissolved corporation, as well as the rules governing the transfer of stock certificates registered in the name of a deceased stockholders to his/her legal heirs. Further, the legal updates include developments to reportorial and filing requirements and guidelines, including the Guidelines on the Implementation of Paperless Filing for Select Amendment Applications through the eAMEND Portal, among others. 

Lastly, we also feature BSP Memoranda No. M-2026-034 and M-2026-36 that provided guidance on managing emerging risks from frontier artificial intelligence systems and guidelines for Operators of Designated Payment Systems on submitting payment-system surveillance reports through the new Prudential Reporting Innovation and Monitoring Engine (PRIME), respectively.

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