RMC No. 50-2020 — Reiterates RR No. 10-96 implementing the provisions of Sections 9 and 18 of RA No. 7686 (An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefore and for Other Purposes)

T 11 BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Bureau oF Internal RFvgAt, : MAY 2 7 228 M 1o: 45 ae W S 11

Quezon City RECORDS MGT. DIVISION VJC

27 MAY 2020

REVENUE MEMORANDUM CIRCULAR NO. 50- 2020

SUBJECT : Reiterating Revenue Regulations No. 10-96 dated August 7, 1996 Implementing Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, the Provisions of Sections 9 and 18 of Republic Act No. 7686, "An Act to Strengthen Manpower Education and Training in the Philippines by Appropriating Funds Therefore and for Other Purposes"

TO : All Internal Revenue Officials, Employees and Others Concerned

by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training. Providing the Mechanism, Appropriating Funds Therefore and for Other Purposes to the Dual Training System", and to confirm the Bureau of Internal Revenue's (BIR) commitment to the Technical Education and Skills Development dated August 7, 1996 for the information and guidance of all internal revenue officials, employees and others concerned. 7686 (RA 7686) or "An Act to Strengthen Manpower Education and Training in the Philippines Authority (TESDA) to implement and reiterate the provisions of Revenue Regulations No. 10-96 This Circular is being issued to reassure the tax incentives granted under Republic Act No.

Sections 9 and 18 of RA No. 7686, and to provide guidelines and procedures for its availment, attached is the copy of Revenue Regulations No. 10-96 dated August 7, 1996. In order to ensure the effective implementation of the tax incentives granted under

NIRC of 1997, as amended. Internal Revenue Code (NIRC), as amended, respectively mentioned in subparagraphs (2) and (3) of Section 3 of Revenue Regulations No. 10-96 are now Sections 34 (H) and 101 (A)(2) of the Further, this Circular is issued to clarify that Sections 29 (h) and 94 (a)(3) of the National

All concerned are hereby enjoined to give this Circular as wide a publicity as possible.

This Circular shall take effect immediately.

K- Commissioner of Internal Revenue CAESAR R. DULAY 033872