Revenue Memorandum Circular No. 3-2024


This circularizes Republic Act (RA) No. 11976 (Ease of Paying Taxes [EOPT] Act), together with the Veto Message both signed by President Ferdinand R. Marcos Jr. on January 5, 2024. The following Sections of the National Internal Revenue Code (NIRC) were amended under the EOPT Act: Section 21. Sources of Revenue and Classification of Taxpayers Section 22. Definitions Section 51. Individual Returns Section 56. Payment and Assessment on Income Tax for Individuals and Corporations Section 57. Withholding Tax at Source Section 58. Returns and Payment of Taxes Withheld at Source Section 76. Final Adjustment Return Section 77. Place and Time of [...]