RMC No. 96-2018 — Clarifies the provisions to be included in RMC No. 50-2018 for the implementation of RA No. 10963 (TRAIN Law)

BUREAC OF INTERNAL REVENUE REPUBLIC OF THE PHILiPPiNES DePartMent oF Finance

Cuezon City

November 26.2018

REVENUE MEMORANDUM CIRCULARNO.6- 20I8

SUBJECT: Clarifies the Provisions to be Inc(uded in Revenue Memorandum Circular (RMC)

No. 50-2018 for the Impl-T.ertation cf Republic Act (R.A.) No. 10963 or the TRAIN Law

TO All Internal Revenue Officers and Others Concerned

further queries which were often raised bur wnich were no: part of the TRAIN law. Thus. there is asked questions during the various briefings hield relative to the said law. There were, however a need to go over those questions/answers f om the sanie RMC since it was issued specifically to clarify the provisions of the TRAIN Law ad : ts subsecuent implementing revenue regulations. In the implementation of the subject law, RMC No. 50-2018 was issued to address the frequently

In view of the foregoing, the implemerta icn of the pertinent provisions under RMC No. 50.

were not affected by the provisions of the TRAIN Law, are hereby deleted fro:n RMC 50-2018. 2018 relative to the group health insurance oremiums. (Q7:A7) and director's fees Q34/A34). which

All internal revenue officials and employees are enjoined to give this Circular as vvide a publicity as possible.

BUrEAU OF InIERNAL REVENUE

NNiim Aeiaany NOV 29 2018 1I:50 4.M Comrnissioner of nternal Revenue CAESAF R. DULAY 021302 ReCords Mgt. DiViSiOn

BUREAU OF INTERNAL REVENUE InternaL CoMMunIcatiOns divisIOn G5FKY

NOV 2 3 2018 1/1