Wednesday, March 22, 2017

Income Payments Exempt From Withholding Tax But Subject To Income Tax

Have you explored the Alphalist Data Entry and Validation Module Version 5.1 (New) with regards to the Income Payments Exempt From Withholding Tax But Subject To Income Tax Reported Under BIR Form No. 2304 - Certificate of Income Payment Not Subject to Withholding Tax (Excluding Compensation Income)? 

BIR Form No. 2304 is a Certificate to be accomplished and issued by a Payor to recipients of income not subject to withholding tax. This Certificate should be attached to the Annual Income Tax Return - BIR Form 1701 for individuals, or BIR Form 1702 for non-individuals.

Filing Date

Payor must furnish the payee on or before January 31 of the year following the year in which the income payment was made.

Below is the list of Income Payments Exempt From Withholding Tax But Not Subject To Income Tax Reported Under BIR Form No. 2304: 

Alphanumeric Tax Code (ATC) / Income Payment


1. DI900 - DEFAULT INCOME
2. EI900 - EXCESS INCOME TAX
3. FP010 - FINES & PENALTIES - ON TAX ON INCOME
4. IC010 - INCOME TAX - ORDINARY DOMESTIC CORP.
5. IC011 - NON-STOCK NON-PROFIT ORGANIZATION
6. IC020 - PARTNERSHIP IN TRADE INCOME TAX
7. IC021 - PROFESSIONAL FEES PAID TO GENERAL PROFESSIONAL PARTNERSHIPS (EXCEPT TO PARTNERSHIP OF MEDICINE)
8. IC030 - PRIVATE EDUCATIONAL INSTITUTION, STOCK OR NONSTOCK
9. IC031 - NON STOCK, NON PROFIT HOSPITALS
10. IC040 - GOVERNMENT OWNED OR CONTROLLED CORPORATION
11. IC041 - NATIONAL & LOCAL GOVERNMENT UNIT (FOR PROPRIETARY ACTIVITIES) EXCEPT PUBS
12. IC050 - INCOME TAX - MUTUAL LIFE INSURANCE COMPANIES
13. IC055 - MINIMUM CORPORATE INCOME TAX
14. IC060 - INCOME TAX - FCDU
15. IC070 - ORDINARY RESIDENT FOREIGN CORP
16. IC080 - RFC - INTERNATIONAL CARRIERS
17. IC090 - FOREIGN MUTUAL LIFE INSURANCE CO.
18. IC100 - FOREIGN OBU/FCDU
19. IC101 - REGIONAL OPERATING HEADQUARTERS OF MULTINATIONALCOMP
20. IC120 - PRIZES REGARDLESS OF AMOUNT
21. IC130 - RENT - PERSONAL PROPERTY REGARDLESS OF AMOUNT (CORPORATE)
22. IC140 - PREMIUM AND ANNUITY - (CORPORATE PAYEES)
23. IC150 - OTHES (SPECIFY) - (CORPORATE PAYEES)
24. IC160 - TRANSPO CONTR (CORPORATE) CARRIAGE OF GOODS AND MECHANDISE BELOW P2000
25. IC170 - INTEREST - (CORPORATE PAYEES)
26. IC190 - OFFSHORE BANKING UNITS (OBUS)
27. IC191 - FOREIGN CURRENCY DEPOSIT UNITS (FCDUS)
28. IC370 - ON IMPROPERLY ACCUMULATED EARNINGS TAX
29. II010 - INCOME FROM COMP. ANDBUS/PROF.
30. II011 - PURE COMPENSATION INCOME - CITIZENS
31. II012 - RESIDENT ALIEN - PURE BUSINESS
32. II013 - ESTATES AND TRUST-MIXED INCOME
33. II020 - NRC INCOME
34. II050 - RENT FOR REAL PROPERTY BELOW P500 MONTH (USED IN BUSINESS)
35. II051 - RENT - PERSONAL PROPERTY REGARDLESS OF AMOUNT (INDIVIDUAL)
36. II060 - PREMIUM AND ANNUITY - (INDIVIDUAL PAYEES)
37. II070 - PENSIONS
38. II080 - OTHERS (SPECIFY) - (INDIVIDUAL PAYEES)
39. II090 - TRANSPO CONTR (INDIVIDUAL) CARRIAGE OF GOODS AND MERCHANDISE BELOW 2,000
40. II110 - INEREST - (INDIVIDUAL PAYEES)
41. II120 - PRIZES AMOUNTING TO: 10,000 OR LESS
42. II130 - PARTNERS DISTRIBUTION SHARE OF NET INCOME OF GENERAL PARTNERSHIP
43. II420 - CGT ON SALE OF REAL PROPERTY (CAPITAL ASSETS) FOR INDIVIDUAL
44. MC010 - TAX AMNESTY ON INCOME (INDIVIDUAL)
45. MC011 - INDIVIDUAL TAXPAYERS
46. MC020 - TAX AMNESTY ON INCOME (CORPORATE)
47. MC021 - CORPORATE TAXPAYERS
48. MC030 - COMPENSATION PAYMENTS ON DELINQUENT ACCOUNTS & DISP. ASSESSMENTS

49. MC040 INCOME FROM FORFEITED PROPERTIES



Wednesday, March 15, 2017

Addition to RMC 14-2017 on the Temporary Suspension of Enrollment to Electronic Filing and Payment System (eFPS)

Revenue Memorandum Circular (RMC) No. 24-2017 has issued by the bureau recently with regards to the addendum to RMC 14-2017 on the Temporary Suspension of Enrollment to Electronic Filing and Payment System (eFPS).

The Circular supplements RMC No. 14-2017, as follows:

1. Taxpayers required to secure the BIR Importer's Clearance Certificate (ICC) and Broker's Clearance Certificate (BCC) and Government Bidder's Tax Clearance are exempted from the provisions of Revenue Memorandum Circular No. 14-2017 suspending eFPS enrollment during the period of March 1 to April 30 of every year.

2. The Revenue District Office (RDO) concerned shall continue to process eFPS application/s of the aforementioned taxpayer/s and shall activate their eFPS account/s immediately, upon verification of the completeness of documents submitted. Thereafter, taxpayer/s shall receive an auto-email notification/confirmation of successful eFPS enrollment.

3. Aforementioned taxpayer/s successfully enrolled/activated to eFPS shall file their returns through te eFPS facility. If said taxpayers do not receive an auto-email notification/confirmation of successful eFPS enrollment/activation within twenty-four (24) hours upon enrollment, they shall their tax return/s thru the eBIRForms facility, until such time that the aforesaid auto-email notification/confirmation is received from BIR.

These conditions shall apply only for the duration of the suspension of eFPS enrollment from March 1 to April 30 of every year.



Sunday, March 12, 2017

Objectives for the Implementation of Taxpayer Registration System (TRS) Under the Electronic Tax Information Systems-1 (eTIS-1)

In the past few days, the bureau has issued Revenue Memorandum Order (RMO) No. 5-2017 about the Functional Guidelines Relative to the Implementation of the Taxpayer Registration System (TRS) Under the Electronic Tax Information Systems-1 (eTIS-1). The eTIS-1 is a web-based application which shall consist of eight (8) modules, namely: Taxpayer Registration System (TRS), Returns Filing and Processing (RFP), Collection, Remittance and Reconciliation (CRR), Audit, Case Management System (CMS), Taxpayer Accounting System (TAS), Batch Architecture Module (BAM) and System Administration Management (SAM).

The Objectives of the Implementation of TRS in eTIS-1 is as follows:

Section 2. OBJECTIVES. The implementation of TRS in eTIS-1 is aimed to increase the Bureau’s efficiency in terms of capturing and monitoring taxpayer’s registration information, as well as the Bureau's reporting requirements in order to support the core functions of collecting revenues. Thus, this Order is issued for TRS under eTIS-1 to: 

1. Prescribe the functional guidelines and procedures in its implementation; 

2. Redefine procedures in the Registration Processes to harmonize with subject functionality; 

3. Adapt the following enhancements on the Registration System: 

a. Five (5) digit Philippine Standard Industrial Classification (PSIC) / Philippine Standard Occupational Classification (PSOC) Codes, upon update of the list of Alphanumeric Tax Code (ATC); 

b. Five (5) digit branch code and facility code;  

c. Tagging and un-tagging of Inactive/Black-listed taxpayers; 

d. Tagging of taxpayers under the Taxpayer Account Management Program (TAMP) and Very Important Person (VIP), whether natural or juridical person; 

e. Uploading of required attachments; 

f. Generation of reports and correspondences such as but not limited to direct printing of TIN Cards; 

g. Prescribe the revised system-generated Authority to Print (Annex A), Certificate of Registration (BIR Form No. 2303, Revised November 2014) (Annex B) and use of Certificate of Registration for Facility (BIR Form No. 2303-F) (Annex C) for registered facility types in eTIS-1 pilot sites; 

h. Capture additional registration information such as incentives type, list of stockholders/members/partners, contact details, relationships (i.e. agent or authorized representative, employer, subsidiary companies), and exemptions details; and 

4. Adopt and implement the enhanced version of the following application for registration forms pursuant to Revenue Memorandum Circular (RMC) No. 09-2015: 

BIR Form No. 1901 - Application for Registration for Self-Employed (Single Proprietor/ Professional/Mixed Income Earner) Marginal Income Earner, Nonresident Alien Engaged in Trade / Business, Estate and Trust 

BIR Form No. 1902 - Application for Registration for Individuals Earning Purely Compensation Income and Resident Alien Employee 

BIR Form No. 1903 - Application for Registration for Corporations/Partnerships (Taxable/Non- Taxable) including Government Agencies and Instrumentalities (GAIs), Local Government Units (LGUs), Cooperatives and Associations 

BIR Form No. 1904 - Application for Taxpayer Identification Number (TIN) under Executive Order (E.O.) 98 

BIR Form No. 1905 - Application for Registration Information Update/Correction/ Cancellation 

BIR Form No. 2305 - Certificate of Update of Exemption of Employer’s and Employee’s Information



Friday, March 10, 2017

Consolidated Schedule of Fees and Charges Per SEC Memorandum Circular No. 3 Series of 2017

Have you read the Securities and Exchange Commission (SEC) PH Memorandum Circular No. 3 Series of 2017

The circular is related to the Consolidated Schedule of Fees and Charges as approved by the Department of Finance (DOF) to be imposed and collected by the Securities and Exchange Commission as follows:

REGISTRATION AND FILINGS FEES:














PREPARATION OF STATISTICAL REPORTS, COMPANY LISTINGS AND RELATED INFORMATION ON SEC-REGISTERED ENTITIES:


It is also stated that all other circulars, rules, orders and issuances, or part thereof inconsistent with the Memorandum Circular are hereby repealed or modified accordingly.

A Legal Research Fee (LRF) equivalent to 1% of the Filing Fee but not less than Ten Pesos (P10.00) shall be paid at the time of filing of application for Registration, Licensing, Accreditation, and Other Related Transactions.

Please refer:  http://www.sec.gov.ph/wp-content/uploads/2017/03/2017MCno03.pdf of the full text of SEC Memrnadum Circular No. 3 Series of 2017.


Wednesday, March 8, 2017

Issuance of Authority to Release Imported Goods for Imported Automobiles Already Released from Customs Custody

The bureau has issued Revenue Regulations (RR) No. 2-2016 amending certain provisions of RR No. 2-2016 particularly in the issuance of Authority to Release Imported Goods for imported automobiles already released from customs custody. 

Section 2. AMENDMENTS. - Items III and IV of Revenue Regulations No. 2-2016 shall be amended as follows:

III. Legal Basis

Finally, under the provisions of effective international Agreements and the principle of reciprocity, Recognized International Organizations and Foreign Emphasis in the Philippines are exempted from all taxes, hence, the exemption from requirement of securing an ATRIG.

IV. When and under circumstances ATRIG issued

However, Foreign Embassies and Recognized International Organizations are exempted from securing ATRIG pursuant to the principle of reciprocity and international agreements to which the Philippine is a signatory, respectively.


Please refer http://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202017/RR%20No.%204-2017.pdf of the full text of RR No. 2-2016 and additional requirements.


Tuesday, March 7, 2017

New VAT Exemption Identification Card (VEIC) Issued to Qualified Diplomats, Officials and Dependents of the US Embassy

The New Value-Added Tax (VAT) Exemption Identification Card (VEIC) issued to Qualified Diplomats, Officials and Dependents of the Embassy of the United States of America (US Embassy) under Revenue Memorandum Circular (RMC) No. 23-2017 pursuant to Revenue Memorandum Order (RMO) No. 22-2004 of May 24, 2016, entitles, "Value-Added Tax (VAT) Exemption Certificate/Identification Card Issued to Qualified Foreign Embassies and Their Qualified Personnel Amending/Modifying RMC 81-99".

Currently, only the US Embassy's qualified personnel and the latter's qualified dependents are being issued VEICs by the Bureau of Internal Revenue (BIR). It is use on personal purchase of goods and services to the business establishments.

Attached, as Annex "A" is a template of the VEiC which shall be issued by the BIR to US Embassy qualified personnel and their qualified dependents, as approved by its duly authorized signatory. Nonetheless, all VEICs duly issued before the issuance of this RMC shall rernain valid until their expiry dates. For comparison purposes, attached, as Annex "8", is a sarnple copy of the earlier version of the VEIC. 



Sunday, March 5, 2017

Measures To Consider For Every Establishment With Regards To Tax Compliance Verification Drive

Tax Compliance Verification Drive is one of the programs of the Bureau of Internal Revenue inspecting business establishments across the country, to verify compliance with registration, invoicing and bookkeeping requirements provided for under existing internal revenue laws, rules and regulations. 

However, the issuance of Reminder Letter to all business establishments during tax mapping operations is a requirement to be able to have an ample time for all businesses to prepare the important requirements at the time of tax mapping.

Needs to Do for Every Establishment of the Tax Compliance Verification Drive as follows:

1. Register your business with the BIR.

2. Display the BIR Certificate of Registration, the Registration Fee for the Current Year and "Notice to the Public/Ask for Receipt" signage in the place of business.

3. Issue registered invoices/receipts for sales of goods or services. Register the Cash Register Machines, Point-Of Sale machines, or other similar devices (if any).

4. Register and maintain Books of Accounts in the business premises.

5. Withhold taxes on compensation of employees, and on payments subject to final and expanded withholding tax and remit the correct tax as withheld.

6. File the necessary returns and pay the corresponding correct taxes at time/s required by law. 

Please refer http://www.bir.gov.ph/images/bir_files/old_files/others/annex_d_page1.jpg and http://www.bir.gov.ph/images/bir_files/old_files/others/annex_d_page2.jpg of the full text of Tax Compliance Verification Drive and detailed BIR Requirements, respectively. 


Saturday, March 4, 2017

Policies and Procedures in the Issuance of eLA for VAT Credit/Refund Claims Filed with the VCAD

To answer the question regarding the policies and procedures in the issuance of (Electronic Letters (eLA) for Value-Added Tax (VAT) Credit/Refund claims filed by Direct Exporters filed with the VAT Credit Audit Division (VCAD), the bureau has issued Revenue Memorandum Circular (RMC) No. 19-2017 recently amending question and answer to Number 12 of RMC No. 80-2010 to read as follows:

Q12: What are the policies and procedures in the issuance of eLA for VAT credit/refund claims with the VCAD?

A12: The following policies and procedures shall be observed:

1. The Chief of the VCAD shall use the Electronic Letter of Authority Monitoring System (eLAMS) in requesting for the issuance of eLAs, as well as in updating of the status of the same, until the Case Management System (CMS) of the Electronic Tax Information System (eTIS) is rolled-out in the National Office.

2. The Assistant Commissioner, Assessment Service shall be authorized approving official/signatory for eLAs issued covering VAT credit/refund claims filed with the VCAD.



Friday, March 3, 2017

Issuance of Certificate of Tax Exemption (CTE) to Service Cooperatives

Have you read the new circular issued by the bureau recently related to the Issuance of Certificate of Tax Exemption (CTE) to Service Cooperatives?

Revenue Memorandum Circular (RMC) No. 18-2017 has issued by the CIR circularizing Memorandum No. 008-2017 dated February 24, 2017 Regarding Issuance of Certificate of Tax Exemption (CTE) to Service Cooperatives.

Attached as Annex "A" of the RMC stated the affected cooperatives of Article 23 of Republic Act (RA) No. 9520 as follows:

The affected cooperatives, however, posit that Article 23 of Republic Act (RA) No. 9520, specifically includes a definition of service cooperative as follows: 

Art. 23. Type and Categories of Cooperatives. – Types of Cooperatives - Cooperatives may fall under any of the following types: 

(a) xxx xxx xxx 

xxx xxx xxx 

(e) Service Cooperative is one which engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services;

 xxx xxx xxx 

(u) Other types of cooperatives as may be determined by the Cooperative Development Authority.” Aside from the service cooperatives, other cooperatives not specifically defined under the afore-quoted provision may also be registered as determined by the CDA. Moreover, RA 9520 expressly provides that any doubt in the interpretation and construction of said law should be resolved liberally in favor of the cooperatives, thus:

ART. 142. Interpretation and Construction. – In case of doubt as to the meaning of any provision of his Code or the regulations issued in pursuance thereof, the same shall be resolved liberally in favor of the cooperatives and their members.

It is also stated in the memorandum that service cooperatives must not be totally prohibited from availing of the tax incentives provided under RA 9520 provided that they are duly registered with the CDA and have been issued Certificates of Good Standing to show that they are bona fide cooperatives falling under RA 9520. Provided, however, that these cooperatives will be subject to post audit verification to check on whether they are just being used as a tax shield to avoid or evade payment of taxes.

Please refer: http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/RMC%20No%2018-2017.pdf of the full text of RMC No. 18-2017 and http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/Annex%20A-RMC%2018-2017.pdf of the full text of Annex "A" Memorandum with regards to Issuance of Certificate of Tax Exemption (CTE) to Service Cooperatives and the guidelines for the registration of the Service Cooperatives.


Wednesday, March 1, 2017

Implementing The Tax Provisions Of The "MICROFINANCE NGOs ACT"

Are you interested about the new regulations issued by the bureau recently with regards to Revenue Regulations (RR) No. 3-2017, Implementing the Tax Provisions of Republic Act (RA) No. 10693, Otherwise Known As, The "MICROFINANCE NGOs ACT."? 

Republic Act (RA) No. 10693, otherwise known as the “Microfinance NGOs Act”, was signed into law on November 3 2015. The Act is pursuant to the declared policy of the State to pursue a program of poverty eradication wherein poor Filipino families shall be encouraged to undertake entrepreneurial activities to meet their minimum basic needs including income security. It aims to encourage non-government microfinance institutions to work with the government to pursue community development and improvement in the socio-economic welfare of the poor and other basic and marginalized sectors through financially inclusive and pro-poor financial and credit policies and mechanisms, such as microfinance and its allied services. 

On August 16, 2016, the Implementing Rules and Regulations of RA No. 10693 were duly approved by the concerned government agencies. Subsequently, this Bureau issued Revenue Memorandum Circular (RMC) No. 124-2016 dated November 25, 2016, circularizing the said Implementing Rules and Regulations. 

SECTION 4. – Accreditation of Microfinance NGOs Microfinance NGOs must secure a Certificate of Accreditation from the Council as a condition for the availment of the incentives of RA No. 10693. As required under the said Act, a Microfinance NGO must be a non-stock, non-profit corporation with a capital contribution of at least One Million Pesos (P1,000,000.00) and must conform to the following requirements: 

(1) The word “Microfinance” shall be included in the corporate and trade name of the Microfinance NGO; and 

(2) Its Articles of Incorporation and By-Laws shall specifically state that: 

(a) It is “non-stock and non-profit”; RA NO. 10693 (MICROFINANCE NGOs ACT) 
(b) It has the primary purpose of implementing a microenterprise development strategy and providing microfinance programs, products, and services for the poor; 
(c) Shall specifically provide that upon dissolution, the net assets shall be distributed to another NGO organized for similar purposes, or the State for public purpose/s or as may be determined by a competent court of justice; 
(d) No part of the property or income shall inure to the benefit of any member, officer, organizer or any individual person; 
(e) The trustees shall not receive any compensation or remuneration, except reasonable per diem; 
(f) The level of administrative expenses shall not exceed thirty percent (30%) of the total expenses for the taxable year; and 
(g) Other requirements which the Council may deem necessary. 

Only Microfinance NGOs with duly issued Certificates of Accreditation from the Council shall be eligible to avail of the 2% gross receipts tax on income from microfinance operations as set forth under Section 6 hereof. 

SECTION 5. Transitional Accreditation Microfinance NGOs which have been certified by the Securities and Exchange Commission (SEC) to have no derogatory information and are deemed accredited, in accordance with Section 2, Rule 11 of the IRR, as Microfinance NGOs for a period of one (1) year from the effectivity of RA No. 10693, unless sooner revoked, shall be entitled to avail of the 2% gross receipts tax on its income from microfinance operations. 

SECTION 6. - Taxation of Microfinance NGOs 

(1) A duly registered and accredited Microfinance NGO shall pay a two percent (2%) tax based on its gross receipts from microfinance operations in lieu of all national taxes: Provided, that preferential tax treatment shall be accorded only to NGOs whose primary purpose is microfinance and only on their microfinance operations catering to the poor and low-income individuals in alignment with the main goal of RA No. 10693 to alleviate poverty. Provided, further, that the Certificate of Accreditation issued by the Council or the Certificate of No Derogatory Information issued by the SEC, as the case may be, shall be an essential requirement for granting the 2% preferential tax treatment of Microfinance NGOs. 

(2) The preferential rate of two percent (2%) tax based on gross receipts from microfinance operations should only refer to lending activities and insurance commission which are bundled and forming integral part of the qualified lending activities of the Microfinance NGOs. 

(3) All other income by the Microfinance NGOs which are not generated from the lending activities and insurance commissions shall be subject to all applicable taxes, which shall include but not limited to the following: RA NO. 10693 (MICROFINANCE NGOs ACT) 

(1) Interest income derived from loans other than those extended to qualified borrowers under RA No. 10693; 
(2) Commission fees and other charges on the provision of electronic payment system such as mobile or any innovative digital platforms or channels; 
(3) Commission fees and other charges on the provision of money transfer and other related remittance services; 
(4) Interest income from any currency bank deposit, yield or any other monetary benefit from deposit substitutes and from trust funds and similar arrangements including a depository bank under the expanded foreign currency deposit system; 
(5) Royalties; 
(6) Prizes and other winnings; 
(7) Cash and/or property dividends; 
(8) Capital gains from the sale or dispositions of real property; 
(9) Capital gains tax on the sale, barter, exchange or other disposition of shares of stock in a domestic corporation; 
(10) Stock transaction tax on the sale, barter, or exchange of shares of stock listed and traded through the local stock exchange; 
(11) All other forms of income not related to microfinance operations (lending activities and insurance commission) catering to the poor and low-income individuals. 

(4) The availment of the benefits under RA No. 10693 by Microfinance NGOs for their microfinance operations shall be evaluated in conjunction with their other lines of business in order to determine the appropriate tax treatment of revenues derived from those other activities. 

(5) The Microfinance NGOs shall be constituted as a withholding agent for the government if they act as employer and any of their employees received compensation income subject to compensation withholding tax, or if they make payments to individuals or corporations subject to the withholding taxes at source as required under Chapter XIII and Section 57 of the Tax Code of 1997, as amended and implemented by Revenue Regulations (RR) No. 2-98, as amended. 

(6) Finally, the Microfinance NGOs’ books of accounts and other pertinent records shall be subject to periodic examination by revenue enforcement officers of this Bureau for the purpose of ascertaining whether they are complying with the conditions under which they have been granted tax incentives and their tax liability, if any, pursuant to Section 235 of the Tax Code of 1997, as amended. 

SECTION 7. Update of Registration with the Revenue District Office. Duly registered and accredited Microfinance NGOs, including those deemed accredited as Microfinance NGOs under Section 2, Rule 11 of the IRR, must update their registration with their concerned Revenue District Offices to reflect their accreditation as Microfinance NGOs. Moreover, their clients shall likewise be required to have a Taxpayer Identification Number (TIN). The documentary requirements for the application of TIN are provided under Revenue Memorandum Circular (RMC) No. 93-2016, as amended by RMC No. 137-2016. 

In order to assist their clients in securing TIN, the Microfinance NGO, with proper authorization from the clients, may apply for the issuance of TIN in behalf of their clients, by collating the duly accomplished BIR Form 1904 of the clients and valid identifications in support thereof, which shall be submitted to the concerned RDO for the processing and issuance of the TIN. 

Please refer: http://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202017/RR%20No.%203-2017.pdf of the definition of terms and full text of RR No. 3-2017.