InTAX: March 2022 Issue 1 | Volume 1

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

  • 1000


Bureau of Internal Revenue


The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 22-2022, 21 February 2022, to remind everyone, particularly those who are running as candidates or participating in any other manner in the 9 May 2022 National and Local Elections, of their obligations under pertinent revenue issuances.

The Circular is being issued in relation to Revenue Regulations (RR) No. 8-2009 and RMC No. 31-2019.

Further, the RMC provides the procedures and requirements for the following:

1.         BIR Registration;

2.         Payment of Annual Registration Fee and Issuance of Certificate of Registration;

3.         Registration of Books;

4.         Issuance of BIR Registered Non-VAT Official Receipt;

5.         Preservation of Accounting Records; and,

6.         Postelection.

Also, the RMC provides for the tax implications on the following items:

1.         Income Tax (campaign contributions/funds);

2.         Donor’s Tax (campaign contributions); and

3.         Withholding Tax (campaign expenditures by political candidates/political parties/party-list groups and purchases intended to be given as campaign contribution to political parties and candidates).

All political candidates, political parties and party-list groups who failed to register and comply with the requirements of the BIR will be subjected to penalties under the Revised Consolidated Schedule of Compromise Penalties for Violations of the National Internal Revenue Code (NIRC) of 1997, as amended (Revenue Memorandum Order No. 7-2015).


Attached is the full text of the issuance.

Revenue Memorandum Circular No. 22 - 2022

© 2024 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit