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Revenue Regulations No. 14-2024

2024-11-06T11:02:10+08:00

This revenue regulations prescribes the rules and regulations governing the modes of disposition of seized/forfeited articles in line with Sections 130,131 and 225 of the National Internal Revenue Code (NIRC) of 1997, as amended. Per Section 131 of the NIRC, as amended, Excise Taxes on imported articles shall be paid by the owner or importer to the Custom Officers, comfortably with the regulations of the Department of Finance and before the release of such articles from the customs house, or by than those legally entitled to exemption. Articles confiscated shall be destroyed using the most environmentally friendly method available in accordance [...]

Revenue Regulations No. 14-20242024-11-06T11:02:10+08:00

Revenue Memorandum Circular No. 56-2024

2024-05-13T13:29:09+08:00

This Circular clarifies the issuance of Electronic Certificate Authorizing Registration (eCAR) relative to One-Time Transaction (ONETT). The venue for the processing and issuance of eCAR, regardless of where the tax return and the tax payments were made, shall still be at the RDO which has jurisdiction over the ONETT, as follows: Sale of real property - RDO which has jurisdiction over the location of the property subject of sale; Sale of personal property - RDO which has jurisdiction over the residence of the seller; Donation - RDO which has jurisdiction over the residence of the donor (individual)/RDO where the donor is [...]

Revenue Memorandum Circular No. 56-20242024-05-13T13:29:09+08:00

Revenue Regulations No. 15-2023

2023-12-27T17:41:05+08:00

Implements the grant of Donor's Tax exemption on the donation of imported capital equipment, raw materials, spare parts, or accessories directly and exclusively used in the registered project or activity by Registered Business Enterprises (RBEs) of any existing Investment Promotion Agencies (IPAs) under Section 295 (C)(2)(e) of the Tax Code of 1997, as amended. The donation of capital equipment, raw materials, spare parts, or accessories, which were granted tax and customs duty exemption to the Technical Education and Skills Development Authority (TESDA), State Universities, and Colleges (SUCs), or Department of Education (DepEd) and Commission on Higher Education (CHED) - accredited schools [...]

Revenue Regulations No. 15-20232023-12-27T17:41:05+08:00
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