rr 2-98 - amendments

Copyright 2015 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Taxation Encyclopedia 2014 1

* Implements Republic Act No. 8424, as amended, entitled "An Act AmendingThe National Internal Revenue Code, As Amended" (effective January 1,1998), specifically, Sections 24, 25, 27, 28, 30, 31, 32, 33, 35, 51(A)(2)(b), 57,58, 59, 78, 79, 80, 81, 82, 83, 114 and Title V of the NIRC of 1997.

Amended by Revenue Regulations No. 3-98 (effective January 1, 1998)Re: Implementing Section 33 of the National Internal Revenue Code, asAmended by Republic Act No. 8424 Relative to the Special Treatment ofFringe Benefits; Revenue Regulations No. 8-98 (dated August 25, 1998) Re:Revenue Regulations Amending Pertinent Portions of Revenue RegulationsNos. 11-96 and 2-98 Relative to the Tax Treatment on the Sale, Transfer orExchange of Real Property and for this Purpose Revising the Time and Placeof Payment of the Capital Gains Tax Due Thereon; Revenue Regulations No.12-98 (dated August 14, 1998) Re: Amending Section 2.57.2 of RevenueRegulations No. 2-98; Revenue Regulations No. 3-99 (dated January 22,1999) Re: Further Amending Section 2 of Revenue Regulations No. 12-98;Revenue Regulations No. 7-2000 (dated June 16, 2000) Re: AmendingRevenue Regulations No. 2-98; Revenue Regulations No. 8-2000 (datedAugust 21, 2000) Re: Amending Sections 2.78.1(A)(1), (A)(3), (A)(6), (A)(7),and (B)(11)(b) of Revenue Regulations No. 2-98, as Amended, and Section2.33(C) of Revenue Regulations No. 3-98, with Respect to "De Minimis"Benefits, Additional Compensation Allowance (ACA), Representation andTransportation Allowance (RATA) and Personal Economic Relief Allowance(PERA); Revenue Regulations No. 10-2000 (dated December 14, 2000) Re:Further Amendments to Revenue Regulations No. 2-98 and 3-98, as LastAmended by Revenue Regulations No. 8-2000; Revenue Regulations No.6-2001 (dated July 31, 2001) Re: Amending Pertinent Provisions of RevenueRegulations Nos. 1-98, 2-98, as Amended, and 7-95, as Amended, andRevenue Memorandum Circular No. 1-98 Relative to the Inclusion ofAdditional Taxpayers to be Subject to Final Withholding Tax, Revision of theWithholding Tax Rates on Certain Income Payments Subject to CreditableWithholding Tax, Time for the Filing of Various Tax Returns and Payment ofthe Taxes Due Thereon And Others; Revenue Regulations No. 12-2001 (datedSeptember 7, 2001) Re: Amendment to the Pertinent Provisions of RevenueRegulations No. 1-98, as Amended, Revenue Regulations No. 2-98, asAmended, and Revenue Regulations No. 6-2001, Relative to the Revision of


Withholding Tax Rates on Certain Income Payments Subject to WithholdingTax, the Deferment of the New Deadline Dates For Filing Selected TaxReturns, the Reporting Requirements for Recipients of Talent Fees, and forOther Purposes; Revenue Regulations No. 3-2002 (dated March 22, 2002) Re:Amending Section 2.58 and Further Amending Section 2.83 of RevenueRegulations No. 2-98 as Amended, Relative to the Submission of theAlphabetical Lists of Employees/Payees in Diskette Form and the SubstitutedFiling of Income Tax Returns of Payees/Employees Receiving PurelyCompensation Income from Only One Employer for One Taxable Year WhoseTax Due is Equal to Tax Withheld and Individual-Payees WhoseCompensation Income is Subject to Final Withholding Tax; RevenueRegulations No. 4-2002 (dated March 26, 2002) Re: Amending the Due Datefor the Filing/Issuance of Certain BIR Tax Returns/Forms, Clarifying theForm/Type to be Used on certain Transactions and Prescribing CertainAttachments to Returns Filed; Revenue Regulations No. 14-2002 (datedSeptember 9, 2002) Re: Amending Further Pertinent Provisions of RevenueRegulations No. 2-98, as amended; Revenue Regulations No. 19-2002 (datedOctober 11, 2002) Re: Amending Revenue Regulations No. 3-2002 and FurtherAmending Section 2.83 of Revenue Regulations No. 2-98 as Amended,Relative to Substituted Filing of Income Tax Return of Employees ReceivingPurely Compensation Income from Only One Employer for One Taxable YearWhose Tax Due is Equal to Tax Withheld and Individual-Payees WhoseCompensation Income is Subject to Final Withholding Tax; RevenueRegulations No. 14-2003 (dated March 26, 2003) Re: Amending RevenueRegulations No. 2-98, as amended, in order to simplify the collection of tax,through withholding at the source, on sales of goods or services subject to the3% percentage tax under Section 116 of the Code, and/or to the value-addedtax (VAT) under Sections 106 and 108 of the same Code; RevenueRegulations No. 17-2003 (dated March 31, 2003) Re: Amending FurtherPertinent Provisions of Revenue Regulations No. 2-98, as Amended, Providingfor Additional Transactions Subject to Creditable Withholding Tax;Re-Establishing the Policy that the Capital Gains Tax on the Sale, Exchange orOther Disposition of Real Property Classified as Capital Assets Shall beCollected as a Final Withholding Tax, Thereby Further Amending RevenueRegulations Nos. 8-98 and 13-99, as Amended by Revenue Regulations No.14-2000; and for Other Purposes; Revenue Regulations No. 28-2003 (datedOctober 15, 2003) Re: Amending Further Pertinent Provisions of RevenueRegulations No. 2-98 as Amended, Relative to the Issuance of Certificate of


Value-Added Tax Withheld at Source, Thereby Amending RevenueRegulations No. 4-2002; and for Other Purpose; Revenue Regulations No.30-2003 (dated November 12, 2003) Re: Amending Further PertinentProvisions of Revenue Regulations No. 2-98, as Last Amended by RevenueRegulations No. 17-2003, and Revenue Regulations No. 8-98, as Amended,Providing for the Imposition of Final Withholding Tax on the Sale, Exchangeor Other Disposition of Real Property Classified as Capital Assets byNon-resident Aliens, Increasing the Withholding Tax Rates on Certain IncomePayments, Inclusion of Certain Income Payments, Sanctions to be Imposed onPayees Who Refuse the Withholding of Tax on Their Income/Receipts, and forOther Purposes; Revenue Regulations No. 1-2004 (dated January 14, 2004)Re: Amending Further Sec. 2.57.2(S) of Revenue Regulations No. 2-98, asLast Amended By Revenue Regulations No. 30-2003, Exempting MarginalIncome Earners From Creditable Withholding Tax on Payments Made ByHotels, Restaurants, Resorts, Caterers, Food Processors, Canneries,Supermarkets, Livestock, Poultry, Fish and Marine Product Dealers,Hardwares, Factories, Furniture Shops, and All Other Establishments;Revenue Regulations No. 3-2004 (dated March 1, 2004) Re: Suspending theimplementation of withholding tax on income payments made to suppliers ofagricultural products under Section 2.57.2(S) of Revenue Regulations 2-98, asamended by RR 17-2003, further amended by RR 30-2003 and 1-2004;Revenue Regulations No. 8-2005 (dated February 23, 2005) Re: Amendingfurther pertinent provisions of Revenue Regulations No. 2-98, as last amendedby Revenue Regulations 3-2004, as Amended, providing for the inclusion ofIncome Payments subject to Creditable Withholding Tax under Section2.57.2(U) on Manila Electric Company (MERALCO) Refund arising fromSupreme Court Case G.R. No. 14814 of April 9, 2003 to Customers underPhase IV as approved by Energy Regulatory Commission (ERC); RevenueRegulations No. 1-2006 (effective January 1, 2006) Re: Amendments toSections 2.78.1(B), Section 2.79(A) and (F), 2.83.4(C) and 2.83.5 of RevenueRegulations No. 2-98, as amended; Revenue Regulations No. 2-2006(effective January 1, 2006) Re: Mandatory Attachments of the SummaryAlphalist of Withholding Agents of Income Payments Subjected to TaxWithheld at Source (SAWT) to Tax Returns With Claimed Tax Credits due toCreditable Tax Withheld At Source and of the Monthly Alphalist of Payees(MAP) Whose Income Received Have Been Subjected to Withholding Tax tothe Withholding Tax Remittance Return Filed by the Withholding Agent/Payorof Income Payments Withholding Tax At Source and of the Monthly Alphalist


of Payees (MAP) Whose Income Received Have Been Subjected toWithholding Tax in the Remittance Return Filed by the WithholdingAgent/Payor of Income Payment; Revenue Regulations No. 4-2008 (datedFebruary 19, 2008) Re: Amending the Venue for the Payment of Capital GainsTax, Creditable Withholding Tax and Documentary Stamp Taxes Due onOnerous Transfers of Real Properties Owned by Taxpayers Classified as LargeTaxpayers Pursuant to Revenue Regulations No. 1-98, as Amended, therebyAmending for this Purpose Pertinent Provisions of Revenue Regulations No.8-98; Revenue Regulations No. 5-2008 (dated April 17, 2008) Re: FurtherAmendments to Revenue Regulations Nos. 2-98 and 3-98, as Last Amended byRevenue Regulations No. 10-2000, with Respect to "De Minimis Benefits";Revenue Regulations No. 7-2008 (dated March 25, 2008) Re: Taxation on theSale to the Bangko Sentral ng Pilipinas of Gold and Other Metallic MineralProducts Extracted or Produced by Small-Scale Miners, and Further AmendingSection 2.57 2 (T) of Revenue Regulations No. 2-98, as Amended; RevenueRegulations No. 10-2008 (dated July 8, 2008) Re: Implementing PertinentProvisions of Republic Act No. 9504, "An Act Amending Sections 22, 24, 34,35, 51, and 79 of Republic Act No. 8424, as Amended, Otherwise Known asThe National Internal Revenue Code" Relative to the Withholding of IncomeTax on Compensation and Other Concerns; Revenue Regulations No. 14-2008(dated November 26, 2008) Re: Amending Further Section 2.57.2 (M) ofRevenue Regulations No. 2-98, as Amended, Increasing the Coverage ofWithholding Tax Agents Required to Withhold 1% from Regular Suppliers ofGoods and 2% from Regular Suppliers of Services from the Top 10,000 PrivateCorporations to Top 20,000 Private Corporations; Revenue Regulations No.2-2009 (dated February 4, 2009) Re: Amending Further Secs. 2.57.2 and 2.58of Revenue Regulations No. 2-98, as Amended, Subjecting to CreditableWithholding Tax the Interest Portion of the Refund of Meter Deposits byMERALCO and Other Distribution Utilities to Residential andNon-Residential Electricity Consumers/Customers; Revenue Regulations No.5-2009 (dated May 13, 2009) Re: Reverting the venue for the filing of returnsand payment of Capital Gains Tax, Creditable Withholding Tax andDocumentary Stamp Tax due on the sale, transfer or exchange of real propertyof large taxpayers to the place where the property is located; RevenueRegulations No. 6-2009 (dated June 3, 2009) Re: Amending Further PertinentProvisions of Revenue Regulations (RR) No. 2-98, as Amended, Providing foran Additional Criteria in the Determination of Top 20,000 PrivateCorporations, Including the Threshold on Their Purchases of Agricultural


Products, and Additional Transactions Subject to Creditable Withholding Taxon Income Payments Made by the Top Five Thousand (5,000) IndividualTaxpayers Engaged in Trade/Business or Practice of Profession; RevenueRegulations No. 8-2009 (dated October 22, 2009) Re: Amending Further Secs.2.57.2 and 2.57.3 of Revenue Regulations No. 2-98, as Amended, Subjecting toCreditable Withholding Tax the Income Payments Made by Political Partiesand Candidates of Local and National Elections of All Their CampaignExpenditures and Income Payments Made by an Individual or Juridical PersonForming Part of Their Campaign Contributions to Candidates of Local andNational Elections and to Political Parties; Revenue Regulations No. 10-2009(No date supplied) Re: Amending Further Secs. 2.57.2 and 2.58 of RevenueRegulations No. 2-98, As Amended, Clarifying that Sub-Paragraph (W) asRecently Issued Under Revenue Regulations No. 8-2009 Should beSub-Paragraph (X), and Other Concerns; Revenue Regulations No. 5-2011(dated March 16, 2011) Re: Further Amendments to Revenue Regulations Nos.2-98 and 3-98, as Last Amended by Revenue Regulations No. 5-2008, withRespect to "De Minimis Benefits"; Revenue Regulations No. 6-2012 (datedApril 2, 2012) Re: Taxation on the Sale of Gold and Other Metallic Minerals toBangko Sentral ng Pilipinas and Other Persons or Entities, Amending RevenueRegulations No. 7-2008, and Further Amending Section 2.57.2 (T) of RevenueRegulations No. 2-98, as Amended; Revenue Regulations No. 8-2012 (datedMay 11, 2012) Re: Further Amendments to Revenue Regulations Nos. 2-98and 3-98, as Last Amended by Revenue Regulations Nos. 5-2008 and 5-2011,with Respect to "De Minimis Benefits"; Revenue Regulations No. 14-2012(dated November 7, 2012) Re: Proper Tax Treatment of Interest IncomeEarnings on Financial Instruments and Other Related Transactions; RevenueRegulations No. 10-2013 (dated May 2, 2013; effective June 1, 2013) Re:Amending Further Pertinent Provisions of Revenue Regulations (RR) No.2-98, as Last Amended by Revenue Regulations No. 30-2003, Providing forthe Inclusion of Real Estate Service Practitioners (i.e., Real Estate Consultant,Appraiser and Broker) Who Passed the Licensure Examination Given by theReal Estate Service Under the Professional Regulations Commission asDefined in Republic Act No. 9646, "The Real Estate Service Act of thePhilippines" as Among Those Professionals Falling Under Section 2.57.2 (A)(1) of RR 2-98, as Amended, and RR 14-2002 as Regards Income Payments toCertain Brokers and Agents; Revenue Regulations No. 11-2013 (dated May20, 2013) Re: Filing/Submission of Hard Copy of the Certificate ofCompensation Payment/Tax Withheld (BIR Form 2316) Covering Employees


Who are Qualified for Substituted Filing, Thereby Amending RevenueRegulations (RR) No. 2-98, as Last Amended by RR No. 010-08; RevenueRegulations No. 12-2013 (dated July 12, 2013) Re: Amending Section 2.58.5of Revenue Regulations No. 2-98, as Amended, Relative to the Requirementsfor Deductibility of Certain Income Payments; Revenue Regulations No.14-2013 (dated September 20, 2013; effective October 1, 2013) Re: AmendingPertinent Provisions of Revenue Regulations No. 02-98, as Last Amended byRevenue Regulations No. 30-2003 and Revenue Regulations No. 17-2003;Revenue Regulations No. 1-2014 (dated December 17, 2013) Re: Amendingthe Provisions of Revenue Regulations (RR) No. 2-98, as Further Amended byRR No. 10-2008, Specifically on the Submission of Alphabetical List ofEmployees/Payees of Income Payments; Revenue Regulations No. 11-2014(dated December 5, 2014) Re: Amending Further the Provisions of Section2.57.2 of Revenue Regulations No. 2-98, as Amended, Particularly Subsection(M), (S), and (W), Creating a Separate Sub-Section for the Withholding ofCreditable Income Tax on Real Estate Investment Trust (REIT) andReclassifying the Treatment of Locally Produced Raw Sugar as a SeparateSubsection for Purposes of the Creditable Withholding Tax; and RevenueRegulations No. 1-2015 (dated January 5, 2015) Re: Further Amendments toRevenue Regulations Nos. 2-98 and 3-98, as Last Amended by RevenueRegulations Nos. 5-2008, 5-2011 and 8-2012, with Respect to "De MinimisBenefits".

Supersedes the following:

1. Issuances on income tax withheld on compensation RevenueRegulations No. 6-82 (dated October 1, 1982) Re: Collection at Source ofIncome Tax on Compensation Income of Employed Resident Citizens andAliens, Non-Resident Citizens and Non-Resident Aliens Engage in Trade orBusiness in the Philippines, and subsequent amendments made by RevenueRegulations No. 6-83 (effective August 1, 1983) Re: Revenue RegulationsImplementing PD 1868 Granting Special Additional Personal Exemption,Revenue Regulations No. 9-83 (effective October 24, 1983) Re: SupplementalRegulations to Revenue Regulations No. 6-82, Revenue Regulations No. 2-85(effective January 1, 1985) Re: Revised Withholding Tax Tables, RevenueRegulations No. 12-86 (effective January 1, 1986) Re: Amending pertinentprovisions of the Revenue Regulations 6-82, as amended, otherwise known asthe Withholding Tax Regulations on Compensation, Revenue Regulations No.1-92 (effective January 1, 1992) Re: Amending Pertinent Provisions of


Revenue Regulations No. 6-82, As Amended by Revenue Regulations No.12-86, Otherwise Known as the Withholding Tax Regulations OnCompensation and prescribing a Revised Withholding Tax Table therefore,Revenue Regulations No. 3-92 (dated July 9, 1992) Re: Amending pertinentprovisions of Revenue Regulations No. 6-82, as last amended, by RevenueRegulations No. 1-92 on the applicability/effectivity of the increased basicpersonal and additional exemptions, allowable to individual taxpayers forincome tax purposes under Section 29 (1) of the National Internal RevenueCode, as amended by Republic Act No. 7167, and prescribing the guidelinesfor the credit/refund of excess withholding tax on compensation income for1991, and Revenue Regulations No. 4-93 (dated November 27, 1992) Re:Implementing Republic Act No. 7497, "An Act Amending Pertinent Provisionsof the National Internal Revenue Code, as amended, relative to the FinalWithholding Tax on Purely Compensation Income".

2. Issuances on withholding on income subject to the expandedwithholding tax Revenue Regulations No. 6-85 (effective July 1, 1985)Re: Revised and consolidated expanded withholding tax regulations, andsubsequent amendments made by Revenue Regulations No. 8-85 (datedSeptember 12, 1985) Re: Amending Revenue Regulations No. 6-85, RevenueRegulations No. 13-86 (effective September 1, 1986) Re: Amending RevenueRegulations No. 6-85 as amended by Revenue Regulations No. 8-85, RevenueRegulations No. 1-89 (effective January 1, 1989) Re: Regulations amendingRevenue Regulations No. 6-85, otherwise known as the Revised andConsolidated Expanded Withholding Tax Regulations, Revenue RegulationsNo. 12-89 (effective January 1, 1990) Re: A Regulations Amending RevenueRegulations No. 6-85, as amended, otherwise known as the Revised andConsolidated Expanded Withholding Tax Regulations, Revenue RegulationsNo. 1-90 (effective February 1, 1990) Re: Creditable withholding tax on sale,exchange or transfer of real property, Revenue Regulations No. 8-90(effective December 1, 1990) Re: Amendments to Sections 1, 2, and 9 ofRevenue Regulations No. 6-85, Revenue Regulations No. 2-91 (effectiveMarch 11, 1991) Re: Amendments to Section 1(k) of Revenue Regulations No.8-90, Revenue Regulations No. 4-91 (effective July 30, 1991) Re: AmendingRevenue Regulations No. 6-85 by inserting a paragraph (L) to Section 1 of saidRegulations, Revenue Regulations No. 6-94 (dated February 15, 1994) Re:Amendments to Revenue Regulations No. 6-85, otherwise known as theExpanded Withholding Tax Regulations, Revenue Regulations No. 7-94 (No


date supplied 1994) Re: Amending the Effectivity Clause of RevenueRegulations No. 6-94, Revenue Regulations No. 8-94 (effective July 1, 1994)Re: Amending the effectivity clause of Revenue Regulations No. 6-94, asamended by Revenue Regulations 7-94, Revenue Regulations No. 12-94(dated June 27, 1994) Re: Amendments to Revenue Regulations No. 6-85, asamended, Otherwise Known as the Expanded Withholding Tax Regulations,and Revenue Regulations No. 16-94 (effective October 1, 1994) Re:Amending certain Sections of Revenue Regulations No. 6-85 as amended byRevenue Regulations No. 12-94, otherwise known as the ExpandedWithholding Tax Regulations.

See Issuances on Taxation of Certain Income Derived from BankingActivities Revenue Regulations No. 12-80 (dated November 7, 1980) Re:Taxation of Certain Income Derived from Banking Activities, and subsequentamendments made by Revenue Regulations No. 8-81 (effective May 1, 1981)Re: Amending Revenue Regulations No. 12-80 Governing the Taxation ofCertain Income Derived from Banking Activities, Revenue Regulations No.1-84 (effective January 5, 1984) Re: Revised Quarterly and Annual Returns forTaxes Withheld on Interest Paid by Banks and Quasi Banks, RevenueRegulations No. 3-97 (effective January 2, 1997) Re: Amendment to RevenueRegulations No. 12-80; Revenue Regulations No. 16-81 (dated July 24, 1981)Re: Amending Revenue Regulations No. 13-78 otherwise known as theExpanded Withholding Tax Regulations; Revenue Regulations No. 16-84(effective October 15, 1984) Re: Imposition of Additional One Per Cent (1%)Tax on the Gross Value Received by Banks, Non-Bank FinancialIntermediaries and Authorized Foreign Exchange Dealers; RevenueRegulations No. 10-98 (dated August 25, 1998) Re: Implementing theProvisions of the National Internal Revenue Code, As Amended By RepublicAct No. 8424, Relative to the Imposition of Income Taxes on Income DerivedUnder the Foreign Currency Deposit and Offshore Banking Systems; RevenueRegulations No. 13-2000 (dated November 20, 2000) Re: ImplementingSection 34(B) of the Tax Code of 1997 on the Requirements for Deductibilityof Interest Expense from the Gross Income of Taxpayer; Revenue RegulationsNo. 1-2008 (dated February 1, 2008) Re: Amending Certain Provisions ofRevenue Regulations No. 10-2006 Prescribing the Guidelines and Conditionsfor the Tax Treatment of Securities Borrowing and Lending TransactionsInvolving Shares of Stock or Securities Listed in the Philippine StockExchange; Revenue Regulations No. 5-2007 (dated March 6, 2007) Re:


Prescribing the Guidelines and Conditions for the Tax Treatment of SecuritiesBorrowing and Lending (SBL) or Securities Lending Transactions (SLTs)Involving the Fixed-Income Securities Lending Program of the PhilippineDealing & Exchange Corp. (PDEx); Revenue Regulations No. 10-2006 (datedJune 23, 2006) Re: Prescribing the Guidelines and Conditions for the TaxTreatment of Securities Borrowing and Lending Transactions Involving Sharesof Stock or Securities Listed in the Philippine Stock Exchange; Section 9 (c) ofRepublic Act No. 9243 entitled "An Act Rationalizing the Provisions on theDocumentary Stamp Tax of the National Internal Revenue Code of 1997, asAmended, and for Other Purposes" (approved February 17, 2004) and RevenueRegulations No. 13-2004 (issued December 23, 2004) Re: Implementing theProvisions of Republic Act No. 9243, An Act Rationalizing the Provisions onthe Documentary Stamp Tax of the National Internal Revenue Code of 1997, asAmended, and for Other Purposes; Revenue Memorandum Circular No.35-81 (dated October 12, 1981) Re: Publishing Questions and Answers onDeposit Substitutes as Amended by Revenue Regulations Nos. 8-81 and 16-81;Revenue Memorandum Circular No. 5-83 (dated October 11, 1983) Re:Publishing Revenue Regulations No. 16-81 renumbering a pertinent subsectionthereof; Revenue Memorandum Circular No. 12-93 (dated October 23,1993) Re: Administrative settlement of "back to back" loans tax cases;Revenue Memorandum Circular No. 22-93 (No date supplied 1993) Re:Extension of deadline from 31 March 1993 to 28 May 1993; RevenueMemorandum Circular No. 77-2012 (dated November 22, 2012) Re:Clarifying Certain Provisions of Revenue Regulations No. 14-2012 on theProper Tax Treatment of Interest Income Earnings on Financial Instrumentsand Other Related Transactions; Revenue Memorandum Circular No.81-2012 (dated December 10, 2012) Re: Supplemental Clarifications on theProvisions of Revenue Regulations No. 14-2012 on the Proper Tax Treatmentof Interest Income Earnings on Financial Instruments and Other RelatedTransactions; Revenue Memorandum Circular No. 84-2012 (datedClarifying Tax Treatment of Interest Income Earnings on Loans That are NotSecuritized, Assigned or Participated Out; and Revenue Audit MemorandumOrder No. 1-84 (dated January 24, 1984) Re: Tax Treatment of Certain Itemsof Income Received by OBUs and FCDUs.

See earlier issuances on Taxation of Interest Income Derived fromDeposits and Yield from Deposit Substitutes Revenue Regulations No.17-84 (dated October 12, 1984) Re: Income Taxation of Interest Income


Derived from Deposits and Yield from Deposit Substitutes, and subsequentamendments made by Revenue Regulations No. 23-84 (effective January 1,1985) Re: Amending Revenue Regulations No. 17-84, Revenue RegulationsNo. 3-85 (effective March 1, 1985) Re: Amending Revenue Regulations No.23-84, and Revenue Regulations No. 10-86 (dated June 30, 1986) Re:Amendment of Section 3 of Revenue Regulations No. 17-84; RevenueRegulations No. 1-82 (date March 18, 1982) Re: Individual Income Tax asRestructured by Batas Pambansa Blg. 135; Revenue Memorandum CircularNo. 35-81 (dated October 12, 1981) Re: Publishing Questions and Answers onDeposit Substitutes as Amended by Revenue Regulations Nos. 8-81 and 16-81;Revenue Memorandum Circular No. 31-84 (issued October 30, 1984) Re:Publishing Section 21 (d), 24 (cc) and 53 (d) (1) of the National InternalRevenue Code, as amended by Presidential Decree No. 1959; RevenueMemorandum Circular No. 39-85 (dated September 16, 1985) Re: PublishingAdditional Questions and Answers On the Interpretation of the Provisions ofthe National Internal Revenue Code, as Implemented by Revenue RegulationsNos. 16-84 and 17-84 and, Revenue Memorandum Circular No. 27-84;Revenue Memorandum Circular No. 28-86 (dated August 11, 1986) Re:Clarifying the Provisions of Revenue Regulations No. 10-86, AmendingRevenue Regulations No. 17-84 on Income Taxation of Interest Income fromDeposits and Yield from Deposit Substitutes; Revenue MemorandumCircular No. 32-86 (dated October 15, 1986) Re: Publishing Questions Raisedand Answers Given on The Interpretation of Certain Provisions of the TaxCode and Revenue Regulations Regarding the Final Withholding Tax onInterest Income from Deposits and Deposit Substitutes; and Revenue AuditMemorandum Order No. 1-84 (dated January 24, 1984) Re: Tax Treatmentof Certain Items of Income Received by OBUs and FCDUs.

See Issuances on Exemptions from Final Withholding Income Tax onInterest Income Derived from Deposits and Yield from Deposit Substitutes Revenue Regulations No. 16-93 (dated April 22, 1993) Re: Republic ActNo. 7353, otherwise known as the Rural Banks Act of 1992, providing for theCreation, Organization and Operation of Rural Banks and For Other Purposes;Revenue Regulations No. 1-95 (dated January 24, 1995) Re: Rules andRegulations to implement the tax incentives provisions under paragraphs (b)and (c) of Section 12, Republic Act No. 7227 otherwise known as the BasesConversion and Development Act of 1992; Revenue Regulations No. 4-95(dated June 15, 1995) Re: Republic Act No. 7906 otherwise known as the


Thrift Banks Act of 1995, providing for the Regulation of the Organization andOperations of Thrift Banks and For Other Purposes; Revenue Regulations No.6-2010 (dated June 29, 2010) Re: Regulations Providing for the Policies,Guidelines and Procedures in the Implementation of the Tax Subsidy GrantedUnder Sections 17 (c) of Republic Act No. 3591 (Philippine Deposit InsuranceCorporation [PDIC] Charter), as Amended by Republic Act No. 9576;Revenue Memorandum Circular No. 45-86 (dated December 5, 1986) Re:Tax exemption of the (i) Government Service Insurance System and (ii) SocialSecurity System under Presidential Memorandum Order No. 42 datedSeptember 25, 1986; Revenue Memorandum Circular No. 45-95 (datedDecember 11, 1995) Re: Tax Exemption of Interest Income and/or Yield fromthe Philippine currency bank deposits and deposit substitutes of Non-stock,Non-profit Private Educational Institutions; Revenue Memorandum CircularNo. 7-2001 (dated February 20, 2001) Re: Taxability of Thrift Banks EffectiveJanuary 1, 2000; and Revenue Memorandum Order No. 9-93 (effectiveOctober 15, 1993) Re: Prescribing the guidelines and procedures in theprocessing of claims for tax credit or refund of the then 15%, now 20% finalincome tax withheld from interest income/yield from deposit substituteinstruments and interest income from Philippine currency bank deposits ofemployees' trust/trusteed private employees retirement plans.

See issuances on Republic Act No. 7279, otherwise known as the "UrbanDevelopment and Housing Act of 1992" Revenue Regulations No. 9-93(dated March 4, 1993) Re: Republic Act No. 7279 otherwise known as theUrban Development and Housing Act of 1992, providing tax incentives toGovernment-owned and Controlled Corporations and Local Government Unitsas well as Private Sector Participating in Socialized Housing and CommunityMortgage Program; Revenue Regulations No. 11-97 (dated July 4, 1997) Re:Revised Revenue Regulations implementing Republic Act No. 7279, otherwiseknown as the Urban Development and Housing Act of 1992, Providing TaxIncentives to Government-Owned or Controlled Corporations and LocalGovernment Units, as well as Private Sector Participating in SocializedHousing and Community Mortgage Program, amending for the purposepertinent provisions of Sections 2, 4 and 5 of Revenue Regulations No. 9-93;Revenue Regulations No. 17-2001 (dated October 5, 2001) Re: RevenueRegulations Implementing the Provisions on Community Mortgage Program(CMP) of Republic Act No. 7279, otherwise known as the "UrbanDevelopment and Housing Act of 1992"; Revenue Memorandum Circular


No. 3-2001 (effective January 13, 2001) Re: Delegation of Authority toRegional Directors to Issue Certain Rulings with Established Precedents;Revenue Memorandum Circular No. 42-2001 (dated October 5, 2001) Re:Circularizing the Tax Incentives of Sellers of Real Properties in Existing Areasfor Priority Development (APDs) Sites, and in other Areas that may beIdentified by the Local Government Units as Suitable for Socialized HousingProjects under R.A. No. 7279, Otherwise Known as the "Urban Developmentand Housing Act of 1992" and the Valuation of the Subject Real Properties forNational Internal Revenue Tax Purposes; Revenue Memorandum CircularNo. 43-2001 (dated October 8, 2001) Re: Circularizing the Memorandum ofAgreement between the National Home Mortgage Finance Corporation and theBureau of Internal revenue Streamlining the Procedures and Requirements forthe Implementation of the Tax Incentives Granted to Legally OrganizedAssociations Under the Community Mortgage Program Pursuant to RepublicAct No. 7279; Revenue Memorandum Circular No. 30-2009 (dated May 14,2009) Re: Circularizing Relevant Portions of HUDCC Resolution No. 1, Seriesof 2008, Approving the Adjustment of the Price Ceiling for SocializedHousing; Revenue Memorandum Circular No. 36-2011 (dated August 26,2011) Re: BIR Rulings on Socialized Housing Under Republic Act No. 7279;Revenue Memorandum Circular No. 28-2013 (dated April 1, 2013) Re:Revocation of BIR Ruling No. SH (044) 261-2008 dated October 30, 2008pursuant to BIR Ruling No. 433-2012 dated June 25, 2012; RevenueMemorandum Circular No. 35-2014 (dated May 8, 2014) Re: CircularizingRelevant Portions of Housing and Urban Development Coordinating Council(HUDCC) Resolution No. 1, Series of 2013, Approving the Adjustment of thePrice Ceiling for Socialized Housing; and Revenue Memorandum CircularNo. 36-2014 (dated May 8, 2014) Re: Clarifying the Price Ceiling ofSocialized Lot Only Pursuant to Revenue Regulations (RR) No. 11-97, RR17-01 and Housing and Urban Development Coordinating Council (HUDCC)Resolution No. 1, Series of 2013.

See issuances on Tax Clearance Certificates (TCLs) and CertificateAuthorizing Registration (CARs) for registration of transfers of realproperties and/or payment of capital gains tax on such transfers Revenue Regulations No. 11-96 (dated August 7, 1996) Re: RevenueRegulations prescribing the procedures in the preparation and issuance of TaxClearance Certificate by the Revenue District Officer upon payment of capitalgains tax, estate and donor's gift taxes, and expanded creditable withholding


tax, for purposes of registration of transfers of real properties; RevenueRegulations No. 8-98 (dated August 25, 1998) Re: Revenue RegulationsAmending Pertinent Portions of Revenue Regulations Nos. 11-96 and 2-98Relative to the Tax Treatment on the Sale, Transfer or Exchange of RealProperty and for this Purpose Revising the Time and Place of Payment of theCapital Gains Tax Due Thereon; Revenue Regulations No. 4-99 (dated March9, 1999) Re: Further Amending Revenue Memorandum Order No. 29-86 datedSeptember 3, 1986, as Amended by Revenue Memorandum Order No. 16-88dated April 18, 1988, as Further Amended by Revenue Memorandum OrderNo. 27-89 dated April 18, 1989, and as Last Amended by RevenueMemorandum Order No. 6-92 dated January 15, 1992 Relative to the Paymentof Capital Gains Tax and Documentary Stamp Tax on Extra-JudicialForeclosure Sale of Capital Assets Initiated by Banks, Finance and InsuranceCompanies; Revenue Regulations No. 18-2001 (dated November 13, 2001)Re: Guidelines on the Monitoring of the Basis of Property Transferred andShares Received, Pursuant to a Tax-Free Exchange of Property for Sharesunder Section 40(C)(2) of the National Internal Revenue Code of 1997,Prescribing the Penalties for Failure to Comply with such Guidelines, andAuthorizing the Imposition of Fees for the Monitoring Thereof; RevenueRegulations No. 7-2003 (dated December 27, 2002) Re: Providing theGuidelines in Determining Whether a Particular Real Property is a CapitalAsset or an Ordinary Asset Pursuant to Section 39(A)(1) of the NationalInternal Revenue Code of 1997 for Purposes of Imposing the Capital GainsTax under Sections 24(D), 25(A)(3), 25(B) and 27(D)(5), or the OrdinaryIncome Tax under Sections 24(A), 25(A) & (B), 27(A), 28(A)(1) and 28(B)(1),or the Minimum Corporate Income Tax (MCIT) under Sections 27(E) and28(A)(2) of the same Code; Revenue Regulations No. 9-2012 (dated May 31,2012) Re: Implementing Sections 24(D)(1), 27(D)(5), 57, 106 and 196 of theNational Internal Revenue Code of 1997 on Non-Redemption of PropertiesSold During Involuntary Sales; Revenue Memorandum Circular No.50-2003 (dated August 22, 2003) Re: Clarifying the Venue for Payment ofCapital Gains Tax/Creditable Expanded Withholding Tax and CorrespondingDocumentary Stamp Tax Relative to the Sale of Real Properties by InsuranceCompanies; Revenue Memorandum Circular No. 3-2007 (dated January 15,2007) Re: Publishing the Full text of Memorandum Order No. 233 datedDecember 11, 2006 issued by the President Gloria Macapagal-ArroyoDirecting the Land Registration Authority, through the concerned Register ofDeeds, to Annotate in the Transfer Certificate of Title the Serial Number of the


Certificate Authorizing Registration issued by the Bureau of Internal Revenue,and Other Pertinent Details; Revenue Memorandum Circular No. 72-2007(dated October 9, 2007) Re: Circularizing the Full Text of AdministrativeOrder No. 186, Directing the City Assessor, Municipal Assessor and ProvincialAssessor to An notate in all Tax Declarations the Serial Number of theCertificate Authorizing Registration Issued by the Bureau of Internal Revenue;Revenue Memorandum Order No. 22-96 (dated August 5, 1996) Re:Transitional Procedures for Processing Capital Gains Tax Returns; RevenueMemorandum Order No. 34-96 (dated November 15, 1996) Re: Clarificationon the issuance of Tax Clearance Certificate under Revenue Regulations No.11-96; Revenue Memorandum Order No. 17-97 (effective April 1, 1997) Re:Policies and guidelines to be observed in the issuance of Tax ClearanceCertificates (TCLs) and Certificate Authorizing Registration (CARs) fortransfers of real properties under Revenue Regulations No. 11-96, amendingRevenue Memorandum Order No. 34-96 dated November 15, 1996; RevenueMemorandum Order No. 92-98 (dated November 25, 1998) Re:Implementing Policies, Guidelines and ITS Transition Procedures for theImplementation of Revenue Regulation No. 8-98; Revenue MemorandumOrder No. 66-99 (dated August 9, 1999) Re: Revised Guidelines andProcedures on the Issuance of Certificates Authorizing Registration (CARs)and Reporting of Real and Personal Property Transactions; RevenueMemorandum Order No. 13-2001 (effective May 22, 2001) Re: RevisedGuidelines and Procedures Regarding Issuance of Tax Verification Notices(TVNs), Tax Clearance Certificates (TCLs) and Certificates AuthorizingRegistration (CARs) in the Revenue District Offices; Revenue MemorandumOrder No. 32-2001 (effective November 28, 2001) Re: GuidelinesImplementing Revenue Regulations No. 18-2001 on the Monitoring of theBasis of the Property Transferred and Shares of Stock Received Pursuant toSection 40(C)(2) of the Tax Code of 1997, Revising and Updating theRequirements and Conditions Precedent to the Non-Recognition of Gain orLoss in Transactions Falling Thereunder, and Prescribing the Forms Therefor;Revenue Memorandum Order No. 15-2003 (dated May 8, 2003) Re:Policies, Guidelines and Procedures in the Processing and Monitoring ofOne-Time Transactions (ONETT) and the Issuance of Certificates AuthorizingRegistration (CARs) Covering Transactions Subject to Final Capital Gains Taxon Sale of Real Properties Considered as Capital Assets as well as CapitalGains Tax on the Net Capital Gain on Sale, Transfer or Assignment of StocksNot Traded in the Stock Exchange(s), Expanded Withholding Tax on Sale of


Real Properties Considered as Ordinary Assets, Donor's Tax, Estate Tax andOther Taxes including Documentary Stamp Tax Related to the Sale/Transfer ofProperties; and Revenue Memorandum Order No. 21-2003 (dated May 22,2003) Re: Amending the Effectivity Clause of RMO No. 15-2003 dated May 8,2003.

See issuances designating personnel of government offices aswithholding agents Revenue Regulations No. 1-87 (dated April 2, 1987)Re: Regulations Implementing Executive Order No. 651 RequiringGovernment Offices, Agencies and Instrumentalities to Comply Strictly withthe Laws and Regulations on Withholding of Taxes, Designating theAppropriate Withholding Agents For Such Purpose, and Fixing OfficialResponsibility Therefore; Revenue Regulations No. 6-96 (dated March 13,1996) Re: Amendments to Revenue Regulations No. 1-87 DesignatingPersonnel of Government Offices as Withholding Agents and Fixing OfficialResponsibilities, in Relation to Executive Order No. 651; RevenueRegulations No. 10-97 (dated July 1, 1997) Re: Amendments to RevenueRegulations No. 1-87, Designating Personnel of Government Offices asWithholding Agents and Fixing Official Responsibilities, in Relation toExecutive Order No. 651; Revenue Memorandum Circular No. 40-2001(issued September 25, 2001) Re: Publishing the Full Text of Department ofInterior and Local Government (DILG) Circular No. 99-151 dated August 14,1999 Re: Implementation of the Withholding Tax System; RevenueMemorandum Order No. 14-98 (effective December 10, 1997) Re:Prescribing the Policies and Procedures to Implement Revenue RegulationsNo. 10-97 Amending Revenue Regulations No. 1-87, in Relation to ExecutiveOrder No. 651, Re: Designation of Government Officials as WithholdingAgents; and Revenue Memorandum Order No. 70-98 (effective July 27,1998) Re: Amending Pertinent Provisions of Revenue Memorandum Order No.14-98 Prescribing the Policies and Procedures to Implement RevenueRegulations No. 10-97 Amending Revenue Regulations No. 1-87, in Relationto Executive Order No. 651, Re: Designation of Government Officials asWithholding Agents.

See issuances on withholding of taxes on certain money payments ofgovernment offices, agencies and instrumentalities RevenueRegulations No. 4-83 (dated March 15, 1983) Re: Revised regulationsimplementing Republic Act No. 1051; Revenue Regulations No. 20-86(effective October 13, 1986) Re: Revised Regulations amending Revenue


Regulations No. 4-83 implementing Republic Act No. 1051; RevenueRegulations No. 4-88 (effective January 21, 1988) Re: Regulations AmendingCertain Provisions of Revenue Regulations No. 20-86; Revenue RegulationsNo. 10-93 (effective July 1, 1993) Re: Republic Act No. 7649, furtheramending Section 110 of the National Internal Revenue Code, as amended,requiring the withholding of creditable value-added tax; Revenue RegulationsNo. 7-95 (dated December 9, 1995) Re: Consolidated Value-Added TaxRegulations [and subsequent amendments thereto]; Revenue MemorandumCircular No. 2-87 (dated January 14, 1987) Re: Correction of Section 3-C ofRevenue Regulations No. 20-86 or the Revised Regulations amendingRepublic Act No. 1051; Revenue Memorandum Circular No. 18-88 (datedMarch 24, 1988) Re: Effect of the implementation of E.O. No. 273 otherwiseknown as the Value-Added Tax Law on the requirements of withholding andremitting of taxes by government offices and agencies pursuant to R.A. No.1051; Revenue Memorandum Circular No. 3-2000 (dated March 15, 2000)Re: Publishing the full text of DOF-DBM-COA Joint Circular 1-2000 datedJanuary 3, 2000 Re: Guidelines in the remittance of all taxes withheld byNational Government Agencies (NGAs) to the Bureau of Internal Revenue; II,A, 5; Revenue Memorandum Circular No. 60-2004 (dated August 20, 2004)Re: Clarification regarding the withholding of creditable value-added tax bygovernment offices for purchases of P1,000.00 and below; RevenueMemorandum Circular No. 62-2004 (dated August 31, 2004) Re: Prescribingthe use of the Government Expense Code Implementing Sections 2.57.2, 4.114and 5.116 of Revenue Regulations No. 2-98 in relation to Sections 57(B),114(c) and 116 to 123 of Republic Act No. 8424; Revenue MemorandumCircular No. 5-2006 (dated November 2, 2005) Re: Prescribing the use of theGovernment Money Payment Chart Implementing Sections 2.57.2, 4.114 and5.116 of Revenue Regulations No. 2-98 as amended by Revenue RegulationsNo. 16-2005 in relation to Sections 57(B), 114(C) and 116 to 123 of RepublicAct No. 8424 as amended by Republic Act No. 9337; Revenue MemorandumCircular No. 56-2009 (dated August 10, 2009) Re: Prescribing the Use of theUpdated Government Money Payment Chart (Annex "A") to ImplementSections 2.57.2, 4.114 and 5.116 of Revenue Regulations (RR) No. 2-98, asAmended by RR No. 16-2005, in Relation to Sections 57 (B), 114 (C) and 116to 123 of Republic Act (RA) No. 8424, as Amended by RA No. 9337,Amending for the Purpose Revenue Memorandum Circular No. 5-2006 (RMC5-2006); Revenue Memorandum Circular No. 49-2011 (dated October 3,2011) Re: Further Clarification on RMC No. 38-2011 on Expanded


Withholding Tax Obligation of Philippine Health Insurance Corporation(PHIC) Including the Income Tax Withholding Obligation of Hospitals/Clinicson Case Rates of PHIC and the Matter of 5% Final Withholding VAT forGovernment Money Payments; Revenue Memorandum Circular No.23-2012 (dated February 14, 2012) Re: Reiteration of the Responsibilities ofthe Officials and Employees of Government Offices for the Withholding ofApplicable Taxes on Certain Income Payments and the Imposition of Penaltiesfor Non-Compliance Thereof; Revenue Memorandum Order No. 27-95(dated August 8, 1995) Re: Requiring all Revenue District Officers to ConductSpot Checking/Verification on Compliance by Government Agencies andInstrumentalities on the Withholding Tax Laws and Regulations; RevenueMemorandum Order No. 88-99 (dated October 13, 1999) Re: StrictMonitoring and Verification of Government Offices' Compliance to theWithholding Tax Requirements as part of the "Government Withholding TaxProgram"; Revenue Memorandum Order No. 16-2000 (dated April 3, 2000)Re: Prescribing the Policies and Procedures for Processing and Monitoring ofWithholding Tax Payments from National Government Agencies (NGAs);Revenue Memorandum Order No. 27-2001 (effective October 22, 2001) Re:Amending Specific Provisions of Revenue Memorandum Order No. 16-2000re: Prescribing the Policies and Procedures for Processing and Monitoring ofWithholding Tax Payments from National Government Agencies (NGAs);Revenue Memorandum Order No. 8-2003 (dated March 3, 2003) Re:Compliance of Local Government Units (LGUs), National GovernmentAgencies (NGAs) and other government offices to withholding tax laws, rulesand regulations and to clarify and identify the officials responsible forwithholding of tax and its remittance; Revenue Memorandum Order No.13-2006 (dated July 13, 2006) Re: Prescribing Policies and Procedures inMonitoring the Local Government Units' (LGUs) Compliance withWithholding Tax Rules and Regulations; and Revenue Audit MemorandumOrder No. 5-86 (effective May 21, 1986) Re: Guidelines in the Verification ofWithholding Taxes.

See issuances on synchronization of withholding tax payments Revenue Regulations No. 5-85 (dated March 19, 1985) Re: Synchronizationof the time and manner of remitting taxes withheld under Sections 53, 54 and93 of the National Internal Revenue Code; Revenue Regulations No. 3-93(dated January 8, 1993) Re: Amending Revenue Regulations No. 5-85;Revenue Regulations No. 4-93 (dated November 27, 1992) Re: Implementing


Republic Act No. 7497, "An Act Amending Pertinent Provisions of theNational Internal Revenue Code, as amended, relative to the Final WithholdingTax on Purely Compensation Income"; Revenue Regulations No. 18-93 (datedOctober 25, 1993) Re: Amending Further Revenue Regulations No. 5-85, asamended by Revenue Regulations No. 3-93; Revenue Regulations No. 1-98(effective April 8, 1998) Re: Re-Defining the Term "Large Taxpayers",Modifying the Criteria for Determining Large Taxpayers, and Prescribing theTime, Place and Manner of Filing of Tax Returns and Payment of Taxes byLarge Taxpayers Amending Further RR No. 12-93, as Amended by RR 3-94;Revenue Regulations No. 6-2001 (dated July 31, 2001) Re: AmendingPertinent Provisions of Revenue Regulations Nos. 1-98, 2-98, as Amended, and7-95, as Amended, and Revenue Memorandum Circular No. 1-98 Relative tothe Inclusion of Additional Taxpayers to be Subject to Final Withholding Tax,Revision of the Withholding Tax Rates on Certain Income Payments Subject toCreditable Withholding Tax, Time for the Filing of Various Tax Returns andPayment of the Taxes Due Thereon And Others; Revenue Regulations No.9-2001 (dated August 3, 2001) Re: Electronic Filing of Tax Returns andPayment of Taxes; and subsequent amendments made by RevenueRegulations No. 2-2002 (dated March 5, 2002) Re: Amending the Coverage ofthe Electronic Filing and Payment System (EFPS) By Making It Mandatory forLarge Taxpayers and Optional for Certain Identified Non-Large Taxpayers toAvail of the EFPS in the Filing of Their Tax Returns and the Payment of TaxesDue Thereon; Revenue Regulations No. 9-2002 (dated June 28, 2002) Re:Amending Further Revenue Regulations No. 9-2001, as Amended by RevenueRegulations No. 2-2002, Implementing Filing of Tax Returns and Payment ofTaxes thru the Electronic Filing and Payment System (EFPS) and likewiseamending partly RR No. 1-98; Revenue Regulations No. 26-2002 (datedDecember 5, 2002) Re: Amending Further Revenue Regulations No. 9-2001,as Amended by Revenue Regulations No. 2-2002 and Revenue RegulationsNo. 9-2002, Providing for the Staggered Filing of Returns of TaxpayersEnrolled in the Electronic Filing and Payment System (EFPS) Based onIndustry Classification; Revenue Regulations No. 5-2004 (dated April 26,2004) Re: Amending Further Revenue Regulations (RR) No. 9-2001, asAmended by RR No. 2-2002, RR No. 9-2002 and RR No. 26-2002, Providingfor Additional Tax Returns/Forms Which Shall be Filed thru the ElectronicFiling and Payment System (EFPS), Revising the Requirements for Enrollmentof Taxpayers, and Expanding the Coverage Thereof to Include the Top 10,000Private Corporations Duly Identified Under RR No. 17-2003; Revenue


Regulations No. 10-2007 (dated July 18, 2007) Re: Amends further Section 3of RR No. 9-2001 expanding the coverage of taxpayers required to file returnsand pay taxes through the Electronic Filing and Payment System; RevenueRegulations No. 3-2009 (dated February 9, 2009) Re: Amending FurtherRevenue Regulations (RR) No. 9-2001, As Amended by RR No. 2-2002, RRNo. 9-2002, RR No. 26-2002, RR No. 5-2004, and RR No. 10-2007 Expandingthe EFPS Coverage to Include the Top 20,000 Private Corporations DulyIdentified Under RR No. 14-2008; and Revenue Regulations No. 1-2010(dated January 21, 2010) Re: Amending Further Section 3 of RevenueRegulations (RR) No. 9-2001, as Last Amended by RR No. 10-2007,Expanding the Coverage of Taxpayers Required to File Returns and Pay TaxesThrough the Electronic Filing and Payment System (EFPS) of the Bureau ofInternal Revenue; Revenue Regulations No. 12-2001 (dated September 7,2001) Re: Amendment to the Pertinent Provisions of Revenue Regulations No.1-98, as Amended, Revenue Regulations No. 2-98, as Amended, and RevenueRegulations No. 6-2001, Relative to the Revision of Withholding Tax Rates onCertain Income Payments Subject to Withholding Tax, the Deferment of theNew Deadline Dates For Filing Selected Tax Returns, the ReportingRequirements for Recipients of Talent Fees, and for Other Purposes; RevenueRegulations No. 17-2010 (dated November 26, 2010) Re: ConsolidatedRegulations Implementing Republic Act No. 7646, An Act Authorizing theCommissioner of Internal Revenue to Prescribe the Place for Payment ofInternal Revenue Taxes by Large Taxpayers and Prescribing the Coverage andCriteria for Determining Large Taxpayers; Revenue Regulations No. 1-2013(dated January 23, 2013) Re: Further Expands the Coverage of TaxpayersRequired to File Tax Returns and Pay Taxes Through the Electronic Filing andPayment System (eFPS) to Include National Government Agencies (NGAs)Mandatorily Required to Use the Electronic Tax Remittance Advice (eTRA);Revenue Memorandum Circular No. 42-85 (dated October 16, 1985) Re:Publishing the New BIR Form No. 1743-w, Revising BIR Forms W-1A, W-1,1743-A1, 1743-A and 1743-C; Revenue Memorandum Circular No. 28-92(dated June 2, 1992) Re: Publishing the full text of Republic Act No. 7497,otherwise known as the "Finality of the Withholding Tax on PurelyCompensation Income"; and Revenue Memorandum Circular No. 3-98(dated January 14, 1998) Re: Clarification on the Schedule ofPayment/Remittance of Taxes Withheld on Compensation, CreditableExpanded Withholding Tax and Final Tax.


See issuances on filing of quarterly income tax returns and paymentof estimated tax by an individual Revenue Regulations No. 7-93(effective January 4, 1993) Re: Filing of quarterly income tax returns andpayment of quarterly income tax by individuals receiving self-employmentincome; Revenue Memorandum Circular No. 63-93 (dated November 8,1993) Re: Deferment of the Implementation of the Effectivity of RevenueRegulations No. 7-93 from 1993 to 1994; Revenue Memorandum CircularNo. 11-98 (dated April 1, 1998) Re: Clarification of the Conflict Between theTax Code of 1997 and Revenue Regulations 7-93 with Respect to thePrescribed Dates of Filing of Quarterly Income Tax Return and Payment ofEstimated Tax by an Individual; and Revenue Memorandum Circular No.17-98 (dated May 15, 1998) Re: Waiver of Penalties for Self-EmployedIndividuals and Professionals Who Failed to Submit Their First QuarterIncome Tax Returns for 1998 on April 15, 1998, but Nonetheless Filed TheirReturn on or Before May 15, 1998.

See issuances on transmittal and processing of withholding taxreturns Revenue Memorandum Circular No. 3-2006 (dated January 9,2006) Re: Required File Structure in the Submission of the Summary Alphalistof Withholding Agents of Income Payments Subjected to Tax Withheld atSource (SAWT) as Mandatory Attachments to Tax Returns With Claimed TaxCredits due to Creditable Withholding Tax At Source and of the MonthlyAlphalist of Payees (MAP) Whose Income Received Have Been Subjected toWithholding Tax in the Remittance Return Filed by the WithholdingAgent/Payor of Income Payment; Revenue Memorandum Order No. 72-98(dated July 27, 1998) Re: Revising the Format and Procedures in thePreparation of the Monthly Report on Registration and Remittance ofWithholding Taxes (BIR Form W-7) and Accomplishment Report onPre-audited Withholding Tax Returns (BIR Form W-8), Pursuant to RevenueMemorandum Order 29-95; Revenue Memorandum Order No. 80-98(effective November 4, 1998) Re: Prescribing the Procedures in the Transmittaland Processing of the Annual Information Return on Income Tax Withheld onCompensation, Expanded and Final Withholding Taxes (BIR Form No.1743-IR or 1604) and the Monthly Remittance Return of Internal RevenueTaxes on Government Money Payments (BIR Form No. 750AV or 1600);Revenue Memorandum Order No. 5-2001 (dated February 5, 2001) Re:Prescribing the Policies and Procedures in the Receipt, Transmittal andProcessing of the Alphabetical List of Employees/Income Payees as an


attachment to the Annual Information Return (BIR Form No. 1604-CF and1604-E) filed in diskette form by Large Taxpayers, Excise Taxpayers and otherTaxpayers/Withholding Agents (WAs) whose number of Employees or IncomePayees are fifty (50) or more and other taxpayers WAs who opted to file indiskette; and Revenue Regulations No. 7-2000 (dated June 16, 2000) Re:Amending Revenue Regulations No. 2-98.

See other issuances on compensation income Revenue RegulationsNo. 3-2001 (dated April 3, 2001) Re: Granting Moratorium on the Withholdingof Income Tax On the Compensation Income of Public Elementary andSecondary School Teachers Employed by the National Government; RevenueMemorandum Circular No. 28-82 (dated December 22, 1982) Re: Treatmentof fixed or variable transportation, representation and other allowances, andextension of time to furnish BIR Form W-2; Revenue MemorandumCircular No. 1-83 (dated January 4, 1983) Re: Modification of RevenueMemorandum Circular No. 28-82 regarding Treatment of Fixed or VariableTransportation, representation and other allowances; Revenue MemorandumCircular No. 16-83 (dated May 31, 1983) Re: Treatment of Fixed or VariableTransportation, Representation/Entertainment and Other Allowances underSec. 2(c) of Revenue Regulations No. 6-82; Revenue Memorandum CircularNo. 15-87 (dated April 1, 1987) Re: Tax treatment of subsistence, clothing andquarters allowances paid to the personnel of the Armed Forces of thePhilippines (AFP); Revenue Memorandum Circular No. 83-91 (datedNovember 12, 1991) Re: Publishing the Resolution of the Supreme Court inthe case of "Commissioner of Internal Revenue vs. The Court of Appeals andEfren P. Castaeda", G.R. No. 96016 promulgated October 17, 1991, Re:non-taxability of terminal leave pay received by officials/employees retiringfrom the government service; Revenue Memorandum Circular No. 50-92(dated November 25, 1992) Re: Tax Treatment of Loyalty Cash Award;Revenue Memorandum Circular No. 23-2001 (dated May 22, 2001) Re: AnAct Exempting from Tax Certain Allowances and Benefits Granted to theMembers of the Armed Forces of the Philippines; Revenue MemorandumCircular No. 21-2010 (dated March 8, 2010) Re: Reiteration of the ApplicablePenalties for Employers Who Fail to Withhold, Remit, Do the Year-EndAdjustment and Refund Employees of the Excess Withholding Taxes onCompensation; Revenue Memorandum Circular No. 27-2011 (dated July 1,2011) Re: Revocation of BIR Ruling Nos. 002-99, DA-184-04, DA-569-04 andDA-087-06; Revenue Memorandum Circular No. 39-2012 (dated August 3,


2012) Re: Withholding of Income Tax on Backwages, Allowances, andBenefits Received by Employees through Garnishments of Debts or CreditsPursuant to a Labor Dispute Award; Revenue Memorandum Circular No.46-2013 (dated May 26, 2013) Re: Clarification on the Taxability of Benefitsunder Collective Negotiations Agreement (CNA) Granted to GovernmentEmployees' Organizations Duly Approved/Accredited by the Civil ServiceCommission (CSC); Revenue Memorandum Order No. 36-84 (effectiveOctober 26, 1984) Re: Verification of Gross Compensation Income ofEmployees of Private Firms; Revenue Audit Memorandum Order No. 1-87(dated April 23, 1987) Re: Guidelines in the Verification of Housing, TravelRepresentation Entertainment and Advertising Expenses, and other deductionsfrom taxable income; Revenue Memorandum Order No. 63-98 (effectiveJuly 13, 1998) Re: Prescribing the Form to be Used in the Remittance of Taxeson Fringe Benefits; Revenue Memorandum Order No. 17-99 (effectiveFebruary 22, 1999) Re: Prescribing Policies, Guidelines and Procedures on theFiling of Tax Returns of Purely Compensation Income Earners Without Cashor Check Payments (BIR Form No. 1700) and the Processing of RefundableIncome Tax Returns of Employees with Excess Withholding Taxes onCompensation Income; Revenue Memorandum Order No. 26-2011 (datedJune 13, 2011) Re: Guidelines in the Tax Treatment of Separation BenefitsReceived by Officials and Employees on Account of Their Separation fromEmployment Due to Death, Sickness or Other Physical Disability and theIssuance of Certificate of Tax Exemption from Income Tax and from theWithholding Tax; and Revenue Memorandum Order No. 36-2011 (datedSeptember 28, 2011) Re: Amendment to Revenue Memorandum Order No.26-2011 Providing for Guidelines in the Tax Treatment of Separation BenefitsReceived by Officials and Employees on Account of Their Separation fromEmployment Due to Death, Sickness or Other Physical Disability and theIssuance of Certificate of Tax Exemption from Income Tax and from theWithholding Tax.

See issuances on RATA and PERA Revenue Regulation No.17-2011 (dated October 27, 2011) Re: Implementing the Tax Provisions ofRepublic Act No. 9505, Otherwise Known as the "Personal Equity andRetirement Account (PERA) Act of 2008"; Revenue Memorandum CircularNo. 60-91 (dated July 9, 1991) Re: Tax Treatment of Representation andTransportation Allowances (RATA) granted to public officer or employeeunder the General Appropriations Act; Revenue Memorandum Circular No.


68-91 (dated July 26, 1991) Re: Grant of Personnel Economic ReliefAllowance (PERA) To All Employees Of The Government; RevenueMemorandum Circular No. 15-92 (dated March 11, 1992) Re: Tax Treatmentof Personnel Economic Relief Allowance (PERA); Revenue MemorandumCircular No. 46-92 (dated October 2, 1992) Re: Recomputation of IncomeTax for 1991 for purposes of the credit/refund of excess withholding tax; andRevenue Memorandum Circular No. 1-95 (dated January 18, 1995) Re:Second Year Implementation Of The New Salary Schedule In TheGovernment.

See issuances on private retirement benefit plan RevenueRegulations No. 1-68 (dated March 25, 1968) Re: Private Retirement BenefitPlan Regulations; Revenue Regulations No. 1-83 (dated October 28, 1982)Re: Amendments to Revenue Regulations No. 1-68 or the Private RetirementBenefit Plan Regulations; Revenue Regulations No. 11-2001 (datedSeptember 3, 2001) Re: Amendments to Revenue Regulations No. 1-68, asamended by Revenue Regulations No. 1-83, otherwise known as the PrivateRetirement Benefit Plan Regulations; Revenue Memorandum Circular No.10-83 (dated February 22, 1983) Re: Clarification on the amendments byRevenue Regulations No. 1-83 of Revenue Regulations No. 1-68 otherwiseknown as the Private Retirement Benefit Plan Regulations; RevenueMemorandum Order No. 9-93 (effective October 15, 1993) Re: Prescribingthe guidelines and procedures in the processing of claims for tax credit orrefund of the then 15%, now 20% final income tax withheld from interestincome/yield from deposit substitute instruments and interest income fromPhilippine currency bank deposits of employees' trust/trusteed privateemployees retirement plans; and Revenue Memorandum Circular No.39-2014 (dated May 12, 2014) Re: Clarifying the Tax Treatment of Payouts byEmployee Pension Plans.

See issuances on Special Purpose Vehicle Revenue Regulations No.6-2004 (dated March 31, 2004) Re: Implementing The Tax Exemptions andPrivileges Granted Under Republic Act No. 9182, Otherwise Known As "TheSpecial Purpose Vehicle (SPV) Act of 2002"; and Revenue Regulations No.9-2005 (effective March 19, 2005) Re: Amending Pertinent Provisions ofRevenue Regulations (RR) No. 06-04 Relative to the Tax Exemptions andPrivileges Granted Under Republic Act No. 9182, Otherwise Known As "TheSpecial Purpose Vehicle (SPV) Act of 2002 (the "Act")".


See new law and issuances on "Senior Citizens Act" Republic ActNo. 9257 entitled "An Act Granting Additional Benefits and Privileges toSenior Citizens Amending for the Purpose Republic Act No. 7432, OtherwiseKnown as "An Act to Maximize the Contribution of Senior Citizens to NationBuilding, Grant Benefits and Special Privileges and for Other Purposes"(approved February 26, 2004); Republic Act No. 9994 entitled "An ActGranting Additional Benefits And Privileges To Senior Citizens, FurtherAmending Republic Act No. 7432, As Amended, Otherwise Known As 'AnAct To Maximize The Contribution Of Senior Citizens To Nation Building,Grant Benefits And Special Privileges And For Other Purposes'" (approvedFebruary 15, 2010); Revenue Regulations No. 4-2006 (dated December 2,2005) Re: Implementing the Tax Privileges Provisions of Republic Act No.9257, otherwise known as the "Expanded Senior Citizens Act of 2003", andPrescribing the Guidelines for the Availment Thereof; Revenue RegulationsNo. 1-2007 (dated December 4, 2006) Re: Amending Revenue Regulations No.4-2006 Implementing the Tax Privileges Provisions of R.A. No. 9257,Otherwise Known as the expanded Senior Citizens Act of 2003; RevenueRegulations No. 7-2010 (dated July 20, 2010) Re: Implementing the TaxPrivileges Provisions of Republic Act No. 9994, Otherwise Known as the"Expanded Senior Citizens Act of 2010", and Prescribing the Guidelines forthe Availment Thereof; Revenue Regulations No. 8-2010 (dated September 3,2010) Re: Amending Revenue Regulations No. 7-2010 Implementing the TaxPrivileges Provisions of R.A. No. 9994, Otherwise Known as the "ExpandedSenior Citizens Act of 2010"; Revenue Memorandum Circular No. 45-2010(dated June 2, 2010) Re: Circularizing Section 4 of Republic Act No. 9994, AnAct Granting Additional Benefits and Privileges to Senior Citizens, FurtherAmending Republic Act No. 7432, as Amended, Otherwise Known as "An Actto Maximize the Contribution of Senior Citizens to Nation Building, GrantBenefits and Special Privileges and for Other Purposes"; and RevenueMemorandum Circular No. 38-2012 (dated August 3, 2012) Re: Questionsand Answers Further Clarifying the Provisions of Revenue Regulations (RR)No. 7-2010, as amended by RR No. 8-2010, Implementing the Tax PrivilegesProvisions of Republic Act (RA) No. 9994, Otherwise Known as the"Expanded Senior Citizens Act of 2010".

See issuances on Managerial and Technical Positions of Filipinopersonnel employed by Regional or Area Headquarters (RHQs) andRegional Operating Headquarters (ROHQs) of multinational companies


Revenue Regulations No. 11-2010 (dated October 26, 2010) Re: FurtherClarifying the Term "Managerial and Technical Positions" Under Section2.57.1 (D) of Revenue Regulations (RR) No. 2-98, as Amended, by RR No.12-2001, Implementing Section 25 (C) of the National Internal Revenue Codeof 1997 (Tax Code), as Amended and Modifying for this Purpose RevenueMemorandum Circular (RMC) No. 41-09 Including Guidelines on Availmentof the Fifteen Percent (15%) Preferential Income Tax Rate for QualifiedFilipino Personnel Employed by Regional or Area Headquarters (RHQs) andRegional Operating Headquarters (ROHQs) of Multinational Companies;Revenue Memorandum Circular No. 41-2009 (dated July 23, 2009) Re:Clarifying the Meaning of the Term "Managerial and Technical Positions"under Section 25 (C) of the Tax Code of 1997, as Amended, and for OtherPurposes; Revenue Memorandum Circular No. 82-2010 (dated November 5,2010) Re: Clarification on the Filing of BIR Form No. 1947 Pursuant to theProvisions of Revenue Regulations No. 11-2010 Dated October 28, 2010Clarification on the Filing of BIR Form No. 1947 Pursuant to the Provisions ofRevenue Regulations No. 11-2010 Dated October 28, 2010; and RevenueMemorandum Circular No. 85-2010 (dated November 12, 2010) Re: GracePeriod on Filing of BIR Form No. 1947 Pursuant to the Provisions of RevenueRegulations No. 11-2010 Dated October 28, 2010 and Revenue MemorandumCircular No. 82-2010 Dated November 5, 2010.

See issuances related to General Professional Partnerships - RevenueMemorandum Circular No. 6-2003 (dated January 15, 2003) Re: ClarifyingCertain Issues Relative to the Services Rendered by Individual ProfessionalPractitioners, General Professional Partnerships, Entertainers, and ProfessionalAthletes Who Are Subject to the Value-Added Tax or Percentage Tax,Whichever is Applicable, Beginning January 1, 2003; Revenue MemorandumCircular No. 3-2012 (dated January 11, 2012) Re: Tax Implications of GeneralProfessional Partnership; Revenue Memorandum Circular No. 89-2012(dated December 27, 2012) Re: Clarifying the Tax Implications and Recordingof Deposits/Advances Made by Clients of General Professional Partnershipsfor Expenses; Revenue Memorandum Circular No. 16-2013 (dated February8, 2013) Re: Clarifying the Tax Implications and Recording ofDeposits/Advances for Expenses Received by Taxpayers Not Covered byRevenue Memorandum Circular No. 89-2012; and Revenue MemorandumCircular No. 60-2014 (dated July 24, 2014) Re: Clarification on theApplicability of Revenue Memorandum Circular (RMC) No. 8-2014 to


General Professional Partnership (GPP) in Relation to RMC No. 003-12.

See issuances on Privilege Stores - Revenue Regulations No. 16-2003(dated March 31, 2003) Re: Implementing the Provisions of Sections 6, 244and 245 in Relation to Sections 24, 25, 27, 28, 51, 52, 106, 108, 114, 116, and128 of the National Internal Revenue Code of 1997 (Code), Imposing AdvancePayment of Value-added Tax or Percentage Tax and of Income Tax on"Privilege-Store" and Prescribing and Reiterating the Obligations of Organizeror Exhibitor of Space for the Operation of "Privilege-Store," as Well as of the"Privilege-Store" Operators; Revenue Regulations No. 24-2003 Re:Amending Pertinent Provisions of Revenue Regulations No. 16-2003 Relatingto the Taxation of Privilege Stores; Revenue Regulations No. 16-2013 (datedAugust 22, 2013) Re: Revoking Revenue Regulations Nos. 16-2003 and24-2003 Relating to Taxation of Privilege Stores and Imposing New Rules; andRevenue Memorandum Circular No. 80-2007 (dated December 4, 2007) Re:Prescribing the Establishment of "BIR-On-Wheels " by the Revenue DistrictOffices Where there are Taxpayers Engaged in the Business of PrivilegeStores/"Tiangges", Bazaars and Like Establishments.

See issuances on Shares of Stock Held as Capital Assets - RevenueRegulations No. 6-2008 (dated April 22, 2008) Re: Consolidated RegulationsPrescribing The Rules on the Taxation of Sale, Barter, Exchange or OtherDisposition of Shares of Stock Held as Capital Assets; and seusequentamendments made by Revenue Regulations No. 16-2012 (dated November 7,2012) Re: Tax Treatment of Sales, Barters, Exchanges or Other Dispositions ofShares of Stock of Publicly-Listed Companies Whose Public Ownership LevelsFall Below the Mandatory Minimum Public Ownership (MPO) Level,Monitoring of These Companies and Their Stock Transactions, and AmendingRevenue Regulations No. 06-08 for the Purpose; and Revenue RegulationsNo. 6-2013 (dated April 11, 2013) Re: Amending Certain Provision ofRevenue Regulations No. 06-2008 Entitled Consolidated RegulationsPrescribing the Rules on the Taxation of Sale, Barter, Exchange or OtherDisposition of Shares of Stock Held as Capital Assets; RevenueMemorandum Circular No. 21-2008 (dated February 29, 2008) Re:Clarification on the Persons Liable to the Tax Imposed under Section 127 ofthe Tax Code and the Crediting of Tax Collection to the Appropriate Office ofthe Bureau of Internal Revenue; and Revenue Memorandum Circular No.37-2012 (dated August 3, 2012) Re: Clarifying Section 11 of Revenue


Regulations No. 06-08.

See issuances on Election Campaign Funds/Contribution - RevenueRegulations No. 7-2011 (dated February 16, 2011) Re: Policies in the TaxTreatment of Campaign Contributions and Expenditures; RevenueMemorandum Order No. 35-2009 (dated November 11, 2009) Re: Project"Iboto Mo"; Revenue Memorandum Circular No. 63-2009 (dated October22, 2009) Re: Primer on Creditable Withholding Tax on CampaignExpenditures Prescribed in Revenue Regulations No. 8-2009; RevenueMemorandum Circular No. 40-2010 (dated May 25, 2010) Re: Guidelines inRegistration, Update and Tagging of Registration Information of PoliticalParties, Candidates & Campaign Contributors Relative to RevenueMemorandum Order No. 35-2009 Re: Project "Iboto Mo"; RevenueMemorandum Circular No. 15-2013 (dated February 12, 2013) Re:Publishing and Implementing Pertinent Provisions of Resolution No. 9476Issued by the Commission on Elections (COMELEC) on June 2012; andRevenue Memorandum Circular No. 48-2013 (dated June 28, 2013) Re: TaxCompliance Reminders under the May 13, 2013 Midterm Elections.

See other issuances on withholding taxes under Revenue RegulationsNo. 2-98 Revenue Memorandum Circular No. 5-98 (dated January 22,1998) Re: Prescribing the Use of the Revised Withholding Tax TableImplementing Section 24(A)(1)(c) in Relation to Section 79 of Republic ActNo. 8424; Revenue Memorandum Circular No. 21-98 (dated May 25, 1998)Re: Circularizing Department (DOF) Order 37-98 dated May 20, 1998Extending the Grace Period for Compliance of Revenue Regulations 2-98;Revenue Memorandum Circular No. 4-99 (dated January 7, 1999) Re:Prescribing the Use of the Revised Withholding Tax Table ImplementingSection 24(A)(1)(c) in Relation to Section 79 of Republic Act No. 8424;Revenue Memorandum Circular No. 16-2000 (dated October 16, 2000) Re:Monetization of Leave Credits of Government Officials and Employees;Revenue Memorandum Circular No. 35-2003 (dated June 16, 2003) Re:Guidelines Relating to the Filing and Remittance of Taxes Withheld on IncomePayments Made to Suppliers of Agricultural Products, for the Month of June,Under Section 2.57.2(S) of Revenue Regulations No. 2-98 as amended byRevenue Regulations No. 17-2003; Revenue Memorandum Circular No.48-2004 (dated July 19, 2004) Re: Revocation/Cancellation of BIR RulingNos. 076-88 (3/4/88), 004-89 (1/19/89) and 191-89 (9/4/89) Pursuant to CTACase No. 5233; Revenue Memorandum Circular No. 72-2004 (dated


November 16, 2004) Re: Clarification of Issues on the Additional TransactionsSubject to Creditable Withholding Tax under Revenue Regulations No.17-2003 (RR 17-2003), as amended by RR 30-2003, RR 1-2004 and RR3-2004; Revenue Memorandum Circular No. 9-2006 (dated January 25,2006) Re: Clarifying the Amount Subject to VAT and Expanded WithholdingTax (Income Tax) of Brokers and Others Similarly Situated and the OtherParties with Whom They Transact Business; Revenue MemorandumCircular No. 35-2006 (dated June 21, 2006) Re: Clarifying the proper VATand EWT treatment of freight and other incidental charges billed by FreightForwarders; Revenue Memorandum Circular No. 39-2007 (dated January22, 2007) Re: Clarifying the Income Tax and VAT Treatment of AgencyFees/Gross Receipts of Security Agencies Including the Withholding of TaxesDue thereon; Revenue Memorandum Circular No. 44-2007 (dated July 6,2007) Re: Clarifying the Taxability of Agricultural Suppliers for WithholdingTax Purposes In Respect to Sales Made to Top 10,000 Corporations And to theGovernment In Relation to Revenue Regulations No. 3-2004 Which Suspendedthe Implementation of Withholding Tax on Income Payments Made toSuppliers of Agricultural Products under Section 2.57.2(S) of RevenueRegulations (RR) No. 2-98, as Amended; Revenue Memorandum CircularNo. 45-2007 (dated July 6, 2007) Re: Reiteration of the Mandated Duty ofthe Top 10,000 Private Corporations and of the Government to Withhold NotOnly on Their Purchase of Goods But Also on their Purchase of ServicesPursuant to Revenue Regulations No. 2-98, as Amended; RevenueMemorandum Circular No. 34-2008 (dated April 15, 2008) Re: TaxTreatment of Director's Fees for Income Tax and Business Tax Purposes;Revenue Memorandum Circular No. 77-2008 (dated November 24, 2008)Re: Taxability of Director's Fees Received by Directors Who are NotEmployees of the Corporation for VAT or Percentage Tax Purposes asEspoused under Revenue Memorandum Circular No. 34-2008; RevenueMemorandum Circular No. 85-2012 (dated December 26, 2012) Re:Withholding Tax Statement for Taxes Withheld at Source; RevenueMemorandum Circular No. 63-2013 (dated September 26, 2013) Re:Clarification on the Taxable Year Covered by Revenue Regulations No.12-2013; Revenue Memorandum Circular No. 5-2014 (dated January 29,2014) Re: Clarifying the Provisions of Revenue Regulations No. 1-2014Pertaining to the Submission of Alphabetical List of Employees/Payees ofIncome Payments; Revenue Memorandum Circular No. 8-2014 (datedFebruary 6, 2014) Re: Presentation of Tax Exemption Certificate or Ruling by


Exempt Individuals and Entities; Revenue Memorandum Circular No.73-2014 (dated September 12, 2014) Re: Clarification of Withholding TaxRates on Dividend Payments to Philippine Central Depository (PCD)Nominees; Revenue Memorandum Order No. 4-2004 (dated January 30,2004) Re: Defining Guidelines Relating to Registration of AgriculturalSupplier as Marginal Income Earners and their Exemption From the 1%Creditable Withholding Tax on Payments Made by Hotels, Restaurants,Resorts, Caterers, Food Processors, Canneries, Supermarkets, Livestock,Poultry, Fish and Marine Product Dealers, Hardwares, Factories, FurnitureShops and All Other Establishment; and Revenue Memorandum Order No.47-2004 (dated July 15, 2004) Re: Prescribing Policies and Procedures inMonitoring, Identification for Inclusions or Deletions of Withholding AgentsClassified as Top 10,000 Private Corporations (TTCs) under Section 2.57.2(M) of Revenue Regulations No. 2-98, as amended by RR 17-2003, StandardFormat in the Submission of the List of Regular Suppliers and EstablishingKey Performance Indicator (KPI).

See other issuances for additional information RevenueRegulations No. 13-99 (dated July 26, 1999) Re: Exemption of CertainIndividuals from the Capital Gains Tax on the Sale, Exchange or Disposition ofa Principal Residence under Certain Conditions, and subsequent amendmentmade by Revenue Regulations No. 14-2000 (dated November 20, 2000) Re:Amending Sections 2(2), 3 and 6 of Revenue Regulations No. 13-99 vis-a-vissale, exchange or disposition, by a natural person, of his "Principal Residence";Revenue Regulations No. 19-2001 (dated November 6, 2001) Re: Amendmentto the Agreement Between the Bureau of Internal Revenue and the AuthorizedAgent Bank (AAB) Relative to the Collection of Internal Revenue TaxLiabilities Through the Banking System Pursuant to Executive Order No. 937,as Implemented by Revenue Regulations No. 5-84, as Amended; RevenueRegulations No. 2-2005 (dated February 8, 2005) Re: Consolidated RevenueRegulations Implementing Relevant Provisions of Republic Act No. 7227otherwise known as "Bases Conversion and Development Act of 1992",Republic Act 7916 as amended otherwise known as "Special Economic ZoneAct of 1995", Republic Act No. 7903 otherwise known as "Zamboanga CitySpecial Economic Zone Act of 1995" and Republic Act No. 7922 otherwiseknown as "Cagayan Special Economic Zone Act of 1995" Thereby AmendingRevenue Regulations No. 1-95 as amended by Revenue Regulations No. 16-99;Revenue Regulations No. 11-2005 (effective March 5, 2005) Re: Regulations


Defining "Gross Income Earned" to Implement the Tax Incentive Provision inSection 24 of Republic Act No. 7916, otherwise known as "The SpecialEconomic Zone Act of 1995" Revoking Section 7 of Revenue Regulations No.2-2005, and Suspending the Effectivity of Certain Provisions of RevenueRegulations No. 2-2005; Revenue Regulations No. 12-2005 (effective March5, 2005) Re: Regulations Defining "Gross Income" to Implement the TaxIncentive Provision under Paragraph (c) of Section 4 of Republic Act No.7922, otherwise known as "Cagayan Special Economic Zone Act of 1995" andParagraph (f) of Section 4 of Republic Act No. 7903, otherwise known as"Zamboanga City Special Economic Zone Act of 1995", Revoking Section 7 ofRevenue Regulations No. 2-2005 and Suspending the Effectivity of CertainProvisions of Revenue Regulations No. 2-2005; Revenue Regulations No.13-2005 (effective March 5, 2005) Re: Regulations Defining "Gross IncomeEarned" to Implement the Tax Incentive Provision under Paragraph (c) ofSection 12 of Republic Act No. 7227, otherwise known as "The BasesConversion Development Act of 1992" Revoking Section 7 of RevenueRegulations No. 2-2005, and Suspending the Effectivity of Certain Provisionsof Revenue Regulations No. 2-2005; Revenue Regulations No. 12-2010(issued October 18, 2010) Re: Regulations Providing for the Policies,Guidelines and Procedures in the Implementation of the Tax Subsidy to beGranted by the Fiscal Incentives Review Board to the Millennium ChallengeAccount-Philippines for the Philippine Compact Program; RevenueRegulations No. 16-2010 (issued November 25, 2010) Re: Guidelines, Rules& Procedures in the Filing of Confidential Information & the Investigation ofCases Arising Therefrom; Revenue Regulations No. 2-2011 (dated March 1,2011) Re: Filing of Income Tax Return and/or Annual Information Return byIndividuals, Including Estates and Trusts; Revenue Regulations No. 13-2011(dated July 25, 2011) Re: Implementing the Tax Provisions of Republic ActNo. 9856 Otherwise Known as "The Real Estate Investment Trust Act of2009"; Revenue Regulations No. 5-2013 (dated March 21, 2013) Re: TaxTreatment of Sale of Jewelry, Gold and Other Metallic Minerals to aNonresident Alien Individual Not Engaged in Trade or Business within thePhilippines or to a Nonresident Foreign Corporation; Revenue MemorandumCircular No. 57-97 (dated December 3, 1997) Re: Publishing the Full Text ofthe Letter from the Bangko Sentral ng Pilipinas Regarding the Effect of theLiberalization of BSP Rules on Foreign Exchange and Foreign TradeTransactions on the Processing of Applications for VAT Refunds; RevenueMemorandum Circular No. 1-98 (dated January 2, 1998) Re: Salient Features


of Certain Amendments to the National Internal Revenue Code (NIRC) Madeby R.A. No. 8424, Otherwise Known as the Comprehensive Tax Reform Act of1997; Revenue Memorandum Circular No. 32-99 (dated May 3, 1999) Re:Japanese Contractors Undertaking Overseas Economic Cooperation Fund ofJapan (OECF) Funded Project are Exempt From the Eight and One HalfPercent (8.5%) Creditable VAT Imposed Under Section 114 (C) of the TaxCode of 1997 and to the One Percent (1%) Expanded Withholding TaxImposed Under Section 2.57.2 (E) of Revenue Regulations No. 2-98Implementing Section 57(B) of the Tax Code of 1997; RevenueMemorandum Circular No. 42-99 (dated June 2, 1999) Re: AmendingRevenue Memorandum Circular No. 32-99; Revenue Memorandum CircularNo. 14-2001 (dated March 12, 2001) Re: Lists of Requirements fromTaxpayers for Issuance of Certain Rulings with Established PrecedentsDelegated to Regional Directors and to the Assistant Commissioner, LegalService under RMC Nos. 2-2001, 3-2001 and 10-2001; RevenueMemorandum Circular No. 16-2001 (dated March 23, 2001) Re: InitialLaunching of e-Filing Component of the Automated Data Capture System(ADCS), Otherwise Known as the e-Filing and e-Payment System for BIRNational Office Personnel; Revenue Memorandum Circular No. 21-2001(dated March 16, 2001) Re: Publishing the Memorandum of Agreemententered into by and among the Department of Finance, Bureau of InternalRevenue, Department of the Interior and Local Government, League ofProvinces of the Philippines, League of Cities of the Philippines, League ofMunicipalities of the Philippines and the Liga ng mga Barangay sa Pilipinas re:commitment of all parties to help one another in the implementation ofstrategies to enhance their tax enforcement and collection efforts by utilizingall available resources necessary in the pursuit of these objectives; RevenueMemorandum Circular No. 24-2001 (dated May 28, 2001) Re: EnrollmentProcedures Prior to Electronic Filing and Payment System (EFPS); RevenueMemorandum Circular No. 51-2002 (dated November 14, 2002) Re:Imposition of the Gross Receipts Tax under Sections 121 and 122 of the TaxCode on items of gross income subject to final withholding tax and clarifyingthe tax base thereof; Revenue Memorandum Circular No. 1-2003 (datedDecember 27, 2002) Re: Clarifying Certain Provisions of Revenue RegulationsNo. 3-2002 as amended by Revenue Regulations No. 19-2002 amendingSection 2.83 of Revenue Regulations 2-98 in relation to the Substituted Filingof Income Tax Returns of Qualified Pure Compensation Income Earners;Revenue Memorandum Circular No. 72-2003 (dated October 20, 2003) Re:


Tax implications of Electric Cooperatives registered with the NationalElectrification Administration and Cooperative Development Authority;Revenue Memorandum Circular No. 76-2003 (dated November 14, 2003)Re: Tax Exemptions of Non-Stock, Non-Profit Corporations Section 30, TaxCode of 1997 and Non-stock, Non-Profit Educational Institutions underParagraph 3, Section 4, Article XIV of the Constitution; RevenueMemorandum Circular No. 77-2003 (dated November 18, 2003) Re:Classification of Payments for Software for Income Tax Purposes; RevenueMemorandum Circular No. 72-2004 (dated November 16, 2004) Re:Clarification of Issues on the Additional Transactions Subject to CreditableWithholding Tax under Revenue Regulations No. 17-2003 (RR 17-2003), asamended by RR 30-2003, RR 1-2004 and RR 3-2004; Revenue MemorandumCircular No. 11-2005 (dated March 30, 2005) Re: Publishing the full text ofDOF Memorandum CVP-0333-DOF/2005 dated March 18, 2005 on theSuspension of Revenue Regulations No. 2-2005; Revenue MemorandumCircular No. 32-2005 (dated June 17, 2005) Re: Publishing the full text ofBIR Ruling No. 001-2005 dated June 16, 2005 subjecting the income realizedby enterprises registered under the Bases Conversion and Development Act of1992 and the Philippine Economic Zone Act of 1995 that is not related to itsregistered activity/ies to regular internal revenue taxes; RevenueMemorandum Circular No. 43-2005 (dated August 30, 2005) Re: Prescribingthe Guidelines on the Proper Treatment of Shares of Stock Disposed of in theStock Exchange; Revenue Memorandum Circular No. 44-2005 (effectiveSeptember 1, 2005) Re: Taxation of Payments for Software; RevenueMemorandum Circular No. 46-2005 (dated September 12, 2005) Re:Prescribing the Guidelines on the Proper Treatment of Shares of StockDispos3ed of in the Stock Exchange; Revenue Memorandum Circular No.56-2005 (effective October 12, 2005) Re: Revocation of RevenueMemorandum Circular No. 43-2005 Pertaining to Shares of Stock Disposed ofin the Stock Exchange; Revenue Memorandum Circular No. 30-2008 (datedApril 1, 2008) Re: Clarifying the Taxability of Insurance Companies for MCIT,Business Tax, and Documentary Stamp Tax Purposes, as subsequentlyamended by Revenue Memorandum Circular No. 59-2008 (dated August 23,2008) Re: Amending Certain Portions of Revenue Memorandum Circular No.30-2008 on the Subject of the Taxability of Insurance Companies for MinimumCorporate Income Tax (MCIT), Business Tax and Documentary Stamp TaxPurposes; Revenue Memorandum Circular No. 22-2009 (dated April 22,2009) Re: Clarifying the Allowable Claims for Personal and Additional


Exemptions and Optional Standard Deduction (OSD) Pursuant to RevenueRegulations Nos. 10-2008 and 16-2008, Respectively; RevenueMemorandum Circular No. 69-2009 (dated December 7, 2009) Re:Mandatory Enrollment to and Availment of the Electronic Filing and PaymentSystem (eFPS) Facility for Selected Taxpayers; Revenue MemorandumCircular No. 18-2010 (dated March 1, 2010) Re: Clarification on theCoverage and Taxability of Amusement Places under Section 125 (b) of theNational Internal Revenue Code (Tax Code) of 1997, as Amended; RevenueMemorandum Circular No. 18-2011 (dated April 12, 2011) Re: Income TaxExemption of Interest Income Earnings from Long Term Deposits orInvestment Certificates Under Secs. 24 (B) (1) & 25 (A) (2) of the NationalInternal Revenue Code of 1997, as Amended; Revenue MemorandumCircular No. 63-2012 (dated October 29, 2012) Re: Clarifying the IssuesAffecting Invoicing and Recording of Income Payments for Media AdvertisingPlacements; Revenue Memorandum Circular No. 91-2012 (dated December28, 2012) Re: Supplement to Revenue Memorandum Circular No. 63-2012 onInvoicing and Recording of Income Payments for Media AdvertisingPlacements; Revenue Memorandum Order No. 52-99 (dated May 17, 1999)Re: Amendment to Certain Provisions of Revenue Memorandum Order No.17-99 dated February 22, 1999 and Clarifications on the Processing of IncomeTax Returns with Second Installment and Refundable Returns; RevenueMemorandum Order No. 75-99 (effective September 9, 1999) Re: Delegationof Authority to Regional Directors to Issue Certain Rulings with EstablishedPrecedents; Revenue Memorandum Order No. 32-2004 (dated July 2, 2004)Re: Special Operations on Motels; Revenue Memorandum Order No.22-2005 (dated August 2, 2005) Re: Prescribing the Guidelines and Proceduresin the Implementation of Revenue Regulation (RR) No. 8-2005 on theInclusion as Income Payments Subject to Creditable Withholding Tax theManila Electric Company (MERALCO) Refund to Phase IV Customers asApproved by the Energy Regulatory Board (ERB) and Arising from theSupreme Court Case G.R. 141314 of April 9, 2003; Revenue MemorandumOrder No. 23-2005 (effective August 17, 2005) Re: Audit/Investigation ofWithholding Tax Liabilities for Taxable Years 2003 and 2004 IncludingWithholding Tax on Fringe Benefits; Revenue Memorandum Order No.24-2005 (dated October 5, 2005) Re: Processing of Claims for Tax Refund ofJapanese Contractors and Nationals Undertaking Projects Funded by theOverseas Economic Cooperation Fund of Japan (OECF); Revenue AuditMemorandum Order No. 1-2000 (dated March 17, 2000) Re: Updated


Handbook on Audit Procedures and Techniques Volume I (Revision Year2000); and Revenue Audit Memorandum Order No. 2-2000 (dated February28, 2000) Re: Bank Audit Manual.

See also later VAT issuance Revenue Regulations No. 16-2005(dated September 1, 2005) Re: Consolidated Value-Added Tax Regulations of2005.

1 Effective January 1, 1998.

2 Authority of Secretary of Finance to promulgate rules and regulations.

3 Withholding of tax at source, Returns and payment of taxes withheld at source,and Tax on profits collectible from owner or other persons, respectively.

4 Title II, Chapter XIII, Withholding on Wages.

5 Return and payment of

rr 2-98 - amendments

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