Implementing the tax privileges for senior citizens pursuant to Republic Act 9994 (Revenue Regulations [RR] No. 7-2010)
Revenue Regulations (RR) No. 7-2010
dated July 20, 2010
The Bureau of Internal Revenue has issued the Implementing Rules and Regulations for Republic Act 9994, otherwise known as the "Expanded Senior Citizens Act of 2010". The salient features of the new rules include the following:
Imposition of VAT on Tollway Operators effective August 16, 2010 (Revenue Memorandum Circular [RMC] No. 63-2010)
Revenue Memorandum Circular (RMC) No. 63-2010
dated July 19, 2010
The Bureau of Internal Revenue (BIR) through Revenue Memorandum Circular (RMC) No. 63-2010 fully implements Section 108 of the Tax Code imposing value-added tax (VAT) on tollway operators.
Issuance of electronic Letter of Authority (eLA) suspended [Revenue Memorandum Circular (RMC) No. 61-2010]
Revenue Memorandum Circular (RMC) No. 61-2010
dated July 12, 2010
The following guidelines are set forth by the Bureau of Internal Revenue (BIR) on the matter of the indefinite suspension of the generation of electronic Letters of Authority (eLA) and similar matters:
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