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CREATE MORE Act

Revenue Regulations No. 6-2025

2026-06-22T16:13:26+08:00

This Revenue Regulation issued  on February 27, 2025 implements Section 135 in petroleum products sold to international carriers and exempt entities or agencies and the new Section 135-A of the National Internal Revenue Code of  1997, as amended by Republic Act No.12066 (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy or CREATE MORE Act) on refund of Excise Tax on petroleum products. Petroleum products sold to the following are exempt from Excise Tax: a. International carriers of Philippine or foreign registry directly importing petroleum products, on their use or consumption outside the Philippines. The said [...]

Revenue Regulations No. 6-20252026-06-22T16:13:26+08:00

Revenue Regulations No. 5-2025

2026-06-17T10:44:19+08:00

This Revenue Regulation issued on February 27, 2025 amends Revenue Regulations No. 2-98 relative to the Withholding Tax Rates on certain income payments subject to Creditable Withholding Tax Pursuant to Section 57 of the National Internal Revenue Code of 1997, as amended by Republic Act No. 12066 (Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy or CREATE MORE Act). Section 2.57.2 (H) and (X) of RR No. 2-98, as renumbered and amended by RR No. 11-18 and RR No. 16-23, respectively, are hereby further amended to read as follows: "Sec. 2.57.2. Income payments subject to [...]

Revenue Regulations No. 5-20252026-06-17T10:44:19+08:00

REVENUE REGULATIONS No. 18 – 2024

2025-03-20T12:59:17+08:00

This revenue regulation is issued to implement Section 32(B)(5) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act No. 12066 (CREATE MORE Act). Pursuant to Section 32(B)(5) of the NIRC, as amended by RA No. 12066 or the CREATE MORE Act, income of any kind shall be excluded from the computation of gross income, as defined under Section 32(A) of the NIRC, and shall be exempt from Income Tax to the extent required by any treaty obligation binding upon the Government of the Philippines, or his/her authorized representative(s), including agreements entered into by the President, or [...]

REVENUE REGULATIONS No. 18 – 20242025-03-20T12:59:17+08:00
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