REVENUE MEMORANDUM CIRCULAR NO. 40-2026 issued on April 30, 2026 circularizes the Memorandum of Agreement (MOA) between the Commission on Elections (COMELEC) and Bureau of Internal Revenue (BIR) dated May 6, 2025.

The MOA provides a framework for data sharing to ensure compliance with Revenue Memorandum Circular Nos. 97-2023 and 16-2025, which outline the tax compliance requirement for candidates and political parties during elections, and COMELEC Resolution No. 11109, along with other related tax and election laws and regulations.