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Tax Code Philippines

Revenue Regulations No. 10-2024

2024-07-04T14:31:26+08:00

This regulation amends certain provisions of Revenue Regulations (RR) No. 10-2006, as amended, relative to the registration of Master Securities Lending Agreement and Global Master Securities Lending Agreement. Section 3 of RR No. 10-2006, as amended, is further amended to read as follows: "SECTION 3. Definition of Terms -  b. Collateral. Cash government securities, equity securities, standby letter of credit issued by a bank, or other forms collateral provided to the Lender as security in accordance with the rules prescribed by the SEC and/or PSE until the borrowed share/security is returned. f. Global Master Securities Lending Agreement (GMSLA). Master Securities Agreement [...]

Revenue Regulations No. 10-20242024-07-04T14:31:26+08:00

Revenue Regulations No. 6-2024

2024-04-18T14:16:20+08:00

This Revenue Regulation implements Section 4 of Republic Act (RA) No. 11976 (Ease of Paying Taxes Act), on the imposition of reduced interest and penalty rates for micro and small taxpayers. There shall be imposed, in addition to the tax required to be paid, a penalty equivalent to ten percent (10%) of the amount due, in the following cases: A. Failure to file any return and pay the tax due thereon as required under the provisions of the Tax Code or rules and regulations on the date prescribed. Provided that no penalty shall be imposed to an amendment of a tax [...]

Revenue Regulations No. 6-20242024-04-18T14:16:20+08:00
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