RMC No. 86-2016 — Publishes the full text of the DOF-DTI Joint Administrative Order No. 1-2016 re: rules and regulations to implement RA No. 10708 (The Tax Incentives Management and Transparency Act) Digest | Full Text | Joint AO | Annex A | Annex A-2 | Annex B | Annex B-2 | Annex C

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAUOF INTERNAL REVENUE

August 2, 2016

REVENUE MEMORANDUM CHRCULAR N

SUBJECT: Publishing the Fuil Text of the Joint Administrative Order No. 1-2016 -- Rules and Regulations to

Implement RA No. 10703 "An Act Enhancing Transparency in the Management and Accounting of Incentives Management and Transparency Act (TiMTA)". Tax Incentives Administered by investment Promotion Agencies", otherwise known as "The Tax

TO: All Revenue Officials, Employees and Other Concerned

Administrative Order No. 1-2016 dated June 23, 2016 - Rules and Regulations to Implement RA No. 10708, otherwise known as "The Tax Incentives Management and Transparency Act (TIMTA)" For the information and guidance of all concerned, attached is the full text of the Joint

possible. All concerned are hereby enjoined to be guided accordingly and give this Circular a wide publicity as

Commissioner of Internal Revenue Caesar r. Dulay

BUREAU OY INTERNAL REVENUE 000405 12 RECOROS MGT DIVISION

A:4 PM AUG 1 2 -2016

RTCEIUTT