RR No. 19-2021 — Implements the tax incentives and exemption provisions of RA No. 11321 (Sagip Saka Act) (Published in Manila Times on November 10, 2021) Digest | Full Text

R-EPUBLIC OF THE PHILIPPINES DEPARIMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City ocr ? 9 tltt REvENUE REGuLATToNS No. ltl- hoe,l SUBJECT : ,321",r.**** i?':.H'^:i Implementing TO Repubric a& the Tax lncentive an( Re) No. Instituting the Farmers and Fisherfork Enterprise nevetopment Slra?kga'?A"c.t?"rthe Department of Agriculture" also known as the .,sagip All Internal Revenue Officers and Others Concemed l' NaRneodv'eeInx1ue3emS2cEp1ot'CidothTneeIOpofrofNollvl-o9isw9io7inn,sgsacsooRapfmeeRge' uAn-ldaNPetiduoorn.(sTtuilaa3."<n2I:tc1-othoda.eTtSr)bo,ey'ictntnpioro.eon*l-sanutii2oug4n.u"4tttreorad. Sn.,detSoca2tigi4moi5pnpoSlle3afmktoahefneARtcNetth,pa,e.utibotlaincraAilncIcntetne(RtrinvAae)l tcfEodoihstonhhaunteeiennarrrdssstpie''orarhinpSgsnasroedEvoemCocdeatupaTnhpcogdeIaeOtareecrgsNnitetigotymdir.a2cbilaliua'unntrpoicdelsdaoni,inegvntecfrxegirirsceerpahuoamrginlsesffeueertefri'stooenhw-lntekehaTirofrnoprhsdomrreegimsrafa"eirspnkhairrneieozertJgdaaruoyuubtm-i.lcloarteteetoosilos.apaltnu.taroe-srexp.od'iicpnruoo"icr.f?.vJ,louel)Llv.drcreaemotushdrae/eengnlinditare.hogxitetahueeerecmpmodtspeipv,p'nrtpiiitt.oo.irrcenrurlisut*tyf,siirlroitrcn,emaocr,mlnouadmndfdodinogn/Foodrgorrii,s,twsywhaeetmvialrarlsoixfnlounooglgekrf ?.*ffi:1:1il:j;fd *. i[ & il;; ffir HfeEtahxnre:emt}eeme!rnprptsertiirSosapenEnridsCfmerfToiaspmIyOhroebNvienrifdcoe3eolx'kdmeEemtexhnepetJatmyexfraprporstreimiholeIranneigldnifaiucsropostetmmprrr.evleiyd]irt.rnhtotaucr.noxro.l_u.ymodggneh*ai*nTtsghcaBuo;xmMtN. e-MB;sEidA.;ri;llroTl;eAo-'cBrcuttuclchy.serdeeinandwptreeiietssiretrishindioEngdcFntehfatwreerrotrmhimpfiierccirhsatshe,teeat(hnoBmoedpfMueaFAnrBcaiiusc*Etthieiohp)ed.noarisTrrtfeiiohrtoyydlekf a) For the cooperative. and enterprise to avail of the income tax exemption the following criteria must belresent: stated herein, 1) The accredited business entity or enterprise must be among the intended beneficiaries as enumerated under Regulgtjons of RA No. l t32l; Section 5 of the Implemeniing Rules and { :gng! oFrNiffi/,r FffijE '. \t Irlffi,il PageI of3 r. i ' _ rr .: l. Dl\/i.\iuft

2) Have a total assets including those arising from loans but exclusive of the land on which the particular business entity's office, plant and equipment are situated, shall not be more than Three Million Pesos (P3,000,000.00), subject to revision of the appropriate government agency or council. SECTION 4. Donations to Accredited Farmers and Fisherfolk Enterprise. - Donations of real and personal property/ies to an accredited farmers and fisherfolk enterprise, notwithstanding the provisions of any general or special law to the contrary, shall be exempt from donor's tax subject to the following conditions: a) The donee is an accredited farmers and fisherfolk enterprise as certified by the Department of Agriculture. b) The donee is among the proponent groups or beneficiaries of "The Farmers and Fisherfolk Enterprise Development Program", as certified by the Department of Agriculture - Regional Sagip Saka-Program Management Committee (SS-PMC). c) The donation is made for the accomplishment of the Farmers and Fisherfolk Enterprise Development Program, consistent with its objectives to develop enterprises for farmers and fisherfolk towards a sustainable modern agriculture and food security. d) The application for exemption from donor's tax shall comply with the guidelines in the processing of requests for rulings set forth in Revenue Memorandum Order (RMO) No. 9-2014 and shall be filed with the Law and Legislative Division, Room 709,7h Floor, Bureau of Internal Revenue (BIR) National Office, Diliman, Quezon City, together with the following documentary requirements: l) Original/certified true copy of the Certification from the Department ofAgriculture that the donee is an accredited farmerand fisherfolk enterprise; 2) Original/certified true copy of the Certification from the Department of Agriculture - Regional Sagip Saka-Program Management Committee (SS-PMC) that the donee is among theproponent goups or beneficiaries of "The Farmers and Fisherfolk Enterpri se Development Pro gram"; 3) Tax Identification Number Gf$ of donor and donee; 4) Original/certified true copy of the duly-notarized Deed of Donation; 5) Original/certified true copy of the title and tax declaration if the donation consists of real property and/or Certified true copy of proof of receipt of donation of personal property; Donations made pursuant to this Section may only be deductible from the gross lncome of the donor upon compliance of the ordinary rules of deductibility as provided for in Section i iil BLTREAU OF INTERt{A.t- i?EVEf'lUE \-R\ -1/r1\'-1-:J ry Page 2 of3 ll]l N0v 0 $ 2021 i!\\ i .t, l. i)lvt, lijf't

SECTION 5. Repealing Clause. - AII revenue rules and regulations, and other revenue issirances or parts thereoi which are inconsistent with these Regulations are herebyrepealed or modified accordingly. SECTION 6. Effectivity. - These Regulations shall take effect immediately. Recommending Approval : G. DOMIN ffi, I ocr 2 2021 " CAESAR R. DULAyI/ BURHAU OF INTERI'JAL ETVEI,IUH Commissioner of lnternal Revenue i_ 0 461 2b Page 3 of3