RMC No. 120-2021 — Circularizes the Amendments to Rule 2, Sections 4, 5 and 8; Rule 3 Section 3; Rule 17 Section 2, and Rule 18 Section 5, and Addition of a New Rule 18 Section 6 of the Implementing Rules and Regulations of Title XIII of RA No. 8424 (National Internal Revenue Code of 1997), as amended by RA No. 11543 (CREATE Act) Digest | Full Text | Annex A

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE a DEC 1 3 2021 REVENUE MEUIORANDUM CIRCULARNIO. IEO ,'fru SUBJECT : Circularizing the Amendments to Rule 2, Sections 4, 5 and 8; Rule 3 Section 3; Rule 17 Seation 2, and Rule 18 Section 5, and Adding a New Rule 18 Section 6 of the Implementing Rules and Regulations (IRR) of Title XIII of Republic Act No. 8424 otherwise known as the "National Internal Revenue Code of 1997", as amended by Republic Act No. 11543 or the o'Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act." TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officials, employees and others concerned, attached as Annex "A" hereof is a copy of the Amendments to Rule 2, Sections 4, 5 and 8; Rule 3 Section 3; Rule 17 Section 2,and Rule 18 Section 5, and Adding aNew Rule l8 Section 6 of the Implementing Rules and Regulations (IRR) of Title XIII of Republic Act No. 8424 otherwise known as the "National Intemal Revenue Code of 1997", as amended by Republic Act No. 11543 or the "Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. All intemal revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible, ffi CAESARR. DUI,AY Commissiony of Internal Revenue 0477s0