Revenue Regulations No. 24 – 2025 – Further amending the pertinent provisions of Section 2.57.2.(I) under Revenue Regulations (RR) No. 2-98, as amended by RR No. 11-2018, RR No. 7-2019 and RR No. 31-2020, on the Imposition of Creditable Withholding Tax on Top Withholding Agents

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SECTION 1. SCOPE – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended these Regulations are hereby promulgated to further amend Section 2.57.2(I) of Revenue Regulations No. 2-98, as amended by RR No. 11-2018, on the imposition of creditable withholding tax for top withholding agents. SECTION 2. AMENDATORY PROVISIONS – The pertinent provisions of Section 2 of RR No. 2-98, as amended, are hereby further amended to read as follows: “SECTION 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. Except as herein otherwise provided, xxx. (I) Income payment made by top withholding agents, either private corporations or individuals, to their local/resident supplier of goods and local/resident supplier of services other than those covered by other rates of withholding tax. [formerly under letters (M) and (W)] – Income payments made by any of the top withholding

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Revenue Regulations No. 23-2025 – Updated Policies, Guidelines, and Procedures in the Implementation of the Tax Subsidy Granted by the Fiscal Incentives Review Board (FIRB) to the Armed Forces of the Philippines Commissary and Exchange Service (AFPCES)

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SECTION 1. SCOPE. – These regulations are hereby promulgated to implement the tax subsidies granted by the FIRB to the AFPCES with respect to their purchases from local manufacturers, procedures, or suppliers of articles or commodities subject to value-added tax (VAT) and/or excise tax and the sale thereof to persons entitled to commissary previleges, updating for this purpose Revenue Regulations Nos. 13 – 2002 and 31-2003. SECTION 2. COVERAGE- The priviledges granted herein shall be limited to the products/goods, amount of tax subsidy, scope and period of tax subsidy as provided in the FIRB Resolution and Certificate of Entitlement to Subsidy (CES) issued by the FIRB. SECTION 3. GENERAL GUIDELINES. – Applications for ta expenditure subsidies shall be filed with the FIRB following the prescribed requirements and procedures under the Department of Budget and Management Joint Circular (DOF-DBM JC) No. 001-2024 or the “Rules, Guidelines, and Procedures Implementing the Tax

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Revenue Regulations No. 22-2025 – Further Amending Pertinent Provisions of Revenue Regulations 17-2011 to implement Section 9 of Republic Act (RA) No. 12214, Otherwise Known as the “Capital Markets Efficiency Promotion Act”, on Additional Deduction of Qualified Employer’s Actual Contributions Made to Personal Equity and Retirement Account (PERA) Under RA No. 9505, Otherwise Known as the “PERA Act of 2008”

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SECTION 1. SCOPE – Pursuant to Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 9 of Republic Act (RA) No. 12214 otherwise known as the Capital Markets Efficiency Promotion Act (CMEPA), these Regulations are hereby promulgated to further amend Section 7(B) of Revenue Regulations (RR) No. 17-2011 by revising guidelines on the allowed deduction which the employer may claim from his/its qualified contribution to employee’s Personal Equity and Retirement Account (PERA) under RA No. 9505, otherwise known as the PERA Act of 2008. SECTION 2. COVERAGE. – These Regulations shall cover qualified employer’s actual contribution made to PERA on July 1, 2025 onwards. SECTION 3. ADDITIONAL DEDUCTION FROM GROSS INCOME FOR PRIVATE EMPLOYERS THAT CONTRIBUTE TO PERA – Section 7(B)(II) of RR No. 17-2011, is hereby amended to read as follows: “Section 7. PERA Contributions and Tax Credit.

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Revenue Regulations No. 21 – 2025 – Implementing the Amendments Introduced by Republic Act No. 12214, Otherwise Known as the “Capital Markets Efficiency Promotion Act” on Sections 22, 24, 25, 27, 28, 32, 34, 38, 39, and 42 of the National Internal Revenue Code of 1997, as amended

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SECTION 1. – SCOPE – Pursuant to Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, and 25 of Republic Act (RA) No. 12214, or the “Capital Markets Efficiency Promotion Act” (CMEPA), these Regulations are hereby promulgated to implement the amendments to Sections 22, 24, 25, 27, 28, 32, 34, 38, 39, and 42 of the Tax Code. SECTION 2. DEFINITION OF TERMS – For purposes of these Regulations, the following terms shall be taken to mean as follows: a. Shares of stock – refer to shares of stock of a corporation, warrants, options, as well as units of participation in partnerships (except general professional partnership), joint stock companies, joint accounts, joint ventures taxable as corporations, associations, and recreation or amusement clubs (such as golf, polo or similar clubs),

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Revenue Regulations No. 20-2025: Implementing the rate adjustment of Stock Transaction Tax and the imposition of the STT on the Sale or Exchange of Domestic Shares of Stocks and other securities listed and traded through a foreign stock exchange

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SECTION 1. SCOPE – Pursuant to Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 17 and 25 of Republic Act (RA) No. 12214, otherwise known as the “Capital Markets Efficiency Promotions Act” (CMEPA), these Regulations are hereby promulgated to implement the rate adjustment of STT and impositions of the STT on the sale or exchange of domestic shares of stocks and other securities listed and traded through a foreign stock exchange under Section 127 Tax Code. SECTION 2. DEFINITION OF TERMS – For purposes of these Regulations, the following definition of words and phrases are hereby adopted: (a) Shares of stock shall refer to shares of stock of a corporation, warrants, options, as well as units of participation in partnership (except general professional partnerships), joint stock companies, joint accounts, joint ventures taxable as corporations, associations, and recreation or

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Revenue Regulations No. 19-2025 – Documentary Stamp Tax (DST) Rate Adjustments and Amendments, Under Republic Act No. 12214

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Implementing the Documentary Stamp Tax (DST) Rate Adjustments and Amendments to the Documents and Papers Not Subject to DST Under Republic Act No. 12214, Otherwise Known as the “Capital Markets Efficiency Promotion Act” SECTION 1 . SCOPE – Pursuant to Sections 244 and 255 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 19,20,21,23, and 25 of Republic Act (RA) No. 12214, otherwise known as “Capital Markets Efficiency Promotion Act” (CMEPA), these Regulations are hereby promulgated to implement the rate adjustments for DST under Sections 174, 176, and 179 of the tax Code and the amendments to the documents and papers not subject to DST under Section 199 of the same Code. SECTION 2. COVERAGE – These Regulations shall cover documents, loan agreements, instruments, papers, acceptances, assignments, sales and transfers of the obligation, right or property incident thereto in respect of the transactions

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Revenue Memorandum Circular No. 72-2025 – Validity period of the Certificates of Accreditation

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This Circular is issued to inform all concerned parties of the validity period of the Certificates of Accreditation that are set to expire on July 31, 2025 under Revenue Memorandum Circular No. 107-2019. Developers/dealers/suppliers/pseudo-suppliers of “Sales Machines/Software” whose Certificate of Accreditation are valid until July 31,2025 and onwards must apply for a new accreditation following the policies and procedures prescribed under Revenue Memorandum Order (RMO) No. 24-2023. Additionally, invoices and other accounting records generated by these systems must comply with the requirements set forth in the Revenue Regulations (RR) No. 7-2024. Moreover, pursuant to RR No. 6-2022, all Permits to Use (PTU) Cash Register Machines (CRMs), Point-of-Sale (POS) and Other Similar Sales Machines/Software do not expire and do not need to be cancelled or revoked upon expiry of the Certificate of Accreditation of the Software that was used during applications for the sales machine’s/software’s PTU.

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Revenue Regulations No. 18-2025

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Amending pertinent provisions of Revenue Regulations No. 25-2003, as Amended, to Implement Section 149 of the National Internal Revenue Code of 1997, as Further Amended Under Section 18 of Republic Act No. 12214, Otherwise Known as the ” Capital Markets Efficiency Promotion Act” Section 1. SCOPE – Pursuant to Section 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 18 and 25 of Republic Act (RA) No. 12214, otherwise known as the “Capital Markets Efficiency Promotion Act” (CMEPA), these Regulations are hereby promulgated to amend Revenue Regulations (RR) No. 25-2003, as amended, in relation to RR No. 5-2018, mainly for the purpose of removing pick-ups from the list of tax-exempt automobiles. Section 149 of the Tax Code, as further amended by Section 18 of the CMEPA, which now reads, as follows: “SEC.149. Automobiles – There shall be levied, assessed and

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Revenue Memorandum Circular No. 78-2025

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I. Background Pursuant to Republic Act (RA) No. 12023 and its implementing rules under Revenue Regulations (RR) No. 3-2025, digital services rendered by Nonresident Digital Service Providers (NRDSPs) to consumers in the Philippines are now subject to VAT. In line with the digitalization efforts of the Bureau of Internal Revenue (BIR) to align with international standards, the VAT on Digital Services (VDS) Portal was developed to facilitate the registration, filing of returns, and payment of VAT by NRDSPs. II. Objectives This Circular is hereby issued to provide guidelines and procedures on the registration, filing of returns, and payment of VAT by NRDSPs through the VDS Portal and clarify the imposition of penalties on the late filing and payment of VAT. III. Definition of Terms IV. General Guidelines v. Procedures

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Revenue Memorandum Circular No. 78-2025 Providing the Guidelines and Procedures on the Registration, Filing of Returns, and Payment of Value-Added Tax (VAT) for Nonresident Digital Service Providers through the VAT on Digital Service Portal

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BACKGROUND Pursuant to Republic Act (RA) No. 12023 and its implementing rules under Revenue Regulations (RR) No. 3-2025, digital services rendered by Nonresident Digital Service Providers (NRDSPs) to consumers in the Philippines are now subject to VAT. In line with the digitalization efforts in the Bureau of Internal Revenue (BIR) to align with international standards, the VAT on Digital Services (VDS) Portal was developed to facilitate the registration, filing of returns, and payment of VAT by NRDSPs. OBJECTIVES This Circular is hereby issued to provide guidelines and procedures on the registration, filing of returns, and payment of VAT by NRDSPs through the VDS Portal and clarify the imposition of penalties on the late filing and payment of VAT DEFINITION OF TERMS GENERAL GUIDELINES PROCEDURES EFFECTIVITY All internal revenue officials, employees and others concerned are hereby enjoined to gibe this Circular as wide publicity as possible. This Circular shall take effect

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