Let's Get on the TRAIN

 

Department of Finance

 

The Department of Finance issued the following issuances:

 

• Revenue Regulations (RR) No. 11-2018, 31 January 2018, amending certain provisions of RR No. 2-98, as amended, to implement further amendments introduced by Republic Act (RA) No. 10963, otherwise known as the “Tax Reform for Acceleration and Inclusion (TRAIN)” law, relative to withholding of Income Tax;
• RR No. 12-2018, 25 January 2018, consolidating the RR on Estate Tax and Donor’s Tax, incorporating the amendments introduced by TRAIN law; and
  
• RR No. 13-2018, 15 March 2018, implementing the Value-Added Tax (VAT) provisions under the TRAIN law and amending RR 16-2005 (Consolidated VAT Regulations of 2005), as amended.

 

 

The above RRs are effective beginning 1 January 2018.

 

Attached are the copies of the RRs for your reference.

 

Revenue Regulations (RR) No. 11-2018

Revenue Regulations (RR) No. 12-2018

Revenue Regulations (RR) No. 13-2018

Revenue Regulations (RR) No. 2-98

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