BUREAU OF INTERNAL REVENUE

2012 REVENUE MEMORANDUM CIRCU

ULARS

2015 BUREAU OF INTERNAL REVENUE

Revenue Memorandum Circulars
RR NO.
RMC No. 1-2012

RMC No. 2-2012

RMC No. 3-2012

RMC No. 4-2012

RMC No. 5-2012

RMC No. 6-2012

RMC No. 7-2012

RMC No. 8-2012

RMC No. 9-2012

RMC No. 10-2012

RMC No. 11-2012

RMC No. 12-2012

RMC No. 13-2012

RMC No. 14-2012

RMC No. 15-2012

RMC No. 16-2012

RMC No. 17-2012

RMC No. 18-2012

RMC No. 19-2012

RMC No. 20-2012

RMC No. 21-2012

RMC No. 22-2012

RMC No. 23-2012

RMC No. 24-2012

RMC No. 25-2012

RMC No. 26-2012

RMC No. 27-2012

RMC No. 28-2012

RMC No. 29-2012

RMC No. 30-2012

RMC No. 31-2012

RMC No. 32-2012

RMC No. 33-2012

RMC No. 34-2012

RMC No. 35-2012

RMC No. 36-2012

RMC No. 37-2012

RMC No. 38-2012

RMC No. 39-2012

RMC No. 40-2012

RMC No. 41-2012

RMC No. 42-2012

RMC No. 43-2012

RMC No. 44-2012

RMC No. 45-2012

RMC No. 46-2012

RMC No. 47-2012

RMC No. 48-2012

RMC No. 49-2012

RMC No. 50-2012

RMC No. 51-2012

RMC No. 52-2012

RMC No. 53-2012

RMC No. 54-2012

RMC No. 55-2012

RMC No. 56-2012

RMC No. 57-2012

RMC No. 58-2012

RMC No. 59-2012

RMC No. 60-2012

RMC No. 61-2012

RMC No. 62-2012

RMC No. 63-2012

RMC No. 64-2012

RMC No. 65-2012

RMC No. 66-2012

RMC No. 67-2012

RMC No. 68-2012

RMC No. 69-2012

RMC No. 70-2012

RMC No. 71-2012

RMC No. 72-2012

RMC No. 73-2012

RMC No. 74-2012

RMC No. 75-2012

RMC No. 76-2012

RMC No. 77-2012

RMC No. 78-2012

RMC No. 79-2012

RMC No. 80-2012

RMC No. 81-2012

RMC No. 82-2012

RMC No. 83-2012

RMC No. 84-2012

RMC No. 85-2012

RMC No. 86-2012

RMC No. 87-2012

RMC No. 88-2012

RMC No. 89-2012

RMC No. 90-2012

RMC No. 91-2012

AU OF INTERNAL REVENUE
emorandum Circulars
SUBJECT MATTER
Reminds all Revenue District Officers on the submission of reports relative to the Authorized Agent
Banks compliance in the collection of internal revenue taxes

Reiterates the existing rules and policies on the acceptance of payments of internal revenue taxes
by RCOs during specified deadlines and issuance of RORs in accepting tax payments, in cash or in
checks over the P20,000.00 threshold

Clarifies the tax implications of General Professional Partnership

Notifies the loss of 1 set of unused BIR Form No. 2524 Revenue Official Receipt

Notifies the loss of 20 unused pads of Accountable Form No. 51 - Official Receipt

Specifies that RMC No. 43-2011 refers to Home Development Mutual Fund Law of 2009

Circularizes relevant portion of BIR Ruling No. 023-10 concerning the Capital Gains Tax and
Documentary Stamp Tax liability of a non-stock non-profit organization on its disposition of real
property

Circularizes relevant excerpts from the En Banc Supreme Court Decision in GR No. 172087
concerning the liability of PAGCOR to corporate Income Tax and the revocation of pertinent
provisions of RR No. 16-2005 relative to the imposition of 10% VAT on PAGCOR

Circularizes the full text of COAs reply on the query re: recording of forfeited real properties which
were lumped and assigned a single valuation in the National Government Books of the BIR

Prescribes the transition procedures for all eFPS filers in using the Enhanced Income Tax Returns

Clarifies the tax consequences of Power Sector Assets and Liabilities Management Corporation
(PSALM) transactions
Circularizes the full text of the CDAs memorandum on the request for non-registration of
cooperatives not specifically identified under RA No. 9520
Prescribes the BIR Priority Programs for CY 2012

Revokes the Memoranda of Agreement entered into between the BIR and Board of Investments
(BOI) and BOI-Autonomous Region of Muslim Mindanao; and BIR and Philippine Economic Zone
Authority

Prescribes the additional guidelines in the filing, receiving and processing of Taxable Year 2011
Income Tax Returns and their attachments prescribed under RR No. 19-2011

Notifies the loss of one (1) original copy of Tax Credit Certificate issued to Innove Communications,
Inc.

Clarifies the reckoning date of recording tax collections for the different modes of payment

Circularizes the Tagalog translation of the BIR Vision and Mission statements

Defines the various BIR identity symbols

Notifies the loss of 17 sets of unused BIR Form No. 2313 Certificate Authorizing Registration

Circularizes the full text of Executive Order No. 68 entitled Monetization Program of Outstanding
Value-Added Tax (VAT) Tax Credit Certificates (TCCs)

Clarifies the implementation of Revenue Regulations No. 5-2012

Reiterates the responsibilities of officials and employees of government offices for the withholding of
applicable taxes on certain income payments and the imposition of penalties for non-compliance
thereof

Clarifies the issue on the maintenance and submission of Official Register Books on tax-paid
petroleum products stored on formerly bonded storage facilities

Prescribes the use of BIR Form Nos. 2302-MCA (Tax Subsidy Availment Certificate) and 2326-MCA
(Tax Subsidy Debit Memo)

Notifies the loss of 1 unused set of BIR Form No. 2524 Revenue Official Receipt

Notifies the loss of 1 unused set of BIR Form No. 1425 Notice of Disqualification under NO AUDIT
PROGRAM

Publishes the full text of the Implementing Guidelines of the Memorandum of Agreement between
the BIR and MGB

Clarifies the form to be used for Waiver of the Defense of Prescription under the Statute of
Limitations
Notifies the loss of several accountable forms
Reiterates the policies and guidelines in the computation of penalties on dishonored checks

Clarifies the grant of tax exemption to private contractors for socialized housing projects under the
"Urban Development and Housing Act of 1992"
Notifies the loss of original copy from 1 set of unused BIR Form No. 2524 Revenue Official
Receipt

Clarifies the tax implications of integrating the Domestic Passenger Service Charge at the point of
sale of airline tickets

Clarifies the taxability of clubs organized and operated exclusively for pleasure, recreation and other
non-profit purposes

Clarifies whether documents mentioned in Section 199 of the Tax Code of 1997, as amended by RA
No. 9243, are subject to the Documentary Stamp Tax of P15.00

Clarifies Section 11 of Revenue Regulations No. 06-08 re: rules on the taxation of sale, barter,
exchange or other disposition of shares of stock held as capital assets

Provides questions and answers to further clarify the provisions of Revenue Regulations (RR) No. 72010, as amended by RR No. 8-2010, implementing the tax privileges provisions of RA No. 9994,
otherwise known as the "Expanded Senior Citizens Act of 2010"

Requires the withholding of Income Tax on backwages, allowances and benefits received by
employees through garnishments of debts or credits pursuant to a labor dispute award

Prescribes a period of prescription for Rulings under Section 40(C)(2) of the National Internal
Revenue Code of 1997, as amended
Extends the August 10, 2012 deadline for the e-Filing/Filing and e-Payment/Remittance using BIR
Forms 1600, 1606, 1601C and 1602; 1601E and 1601F; and 2200M for the specified Revenue
District Offices

Extends the August 10, 2012 deadline for the e-Filing/Filing and e-Payment/Remittance using BIR
Forms 1600, 1606, 1601C and 1602; 1601E and 1601F; and 2200M for the specified Revenue
District Offices of RR No. 8-Makati City

Announces to all eFPS filers the availability in the eFPS facility of the Enhanced Annual Income Tax
Return (BIR Form No. 1702) prescribed under RR No. 19-2011

Publishes the full text of Joint Circular No. 2-2012 of the Department of Finance, Department of
Budget and Management and BIR entitled "Providing for the Establishment of the Value-Added Tax
(VAT) Tax Credit Certificate (TCC) Monetization Program (Program) in Relation to the Special
Provisions of Republic Act No. 10155 or the General Appropriations Act of 2012"

Notifies the loss of several BIR Form No. 2524-Revenue Official Receipt
Cancels 1 set of unissued BIR Form No. 0402-Authority to Cancel Assessment (ATCA)

Prescribes the guidelines in the filing of application for enrollment in the Value-Added Tax (VAT) Tax
Credit Certificates (TCCs) Monetization Program
Enjoins participation to the celebration of the 23rd National Statistics Month in October 2012

Announces the waiver of penalties for late e-filing/filing of tax returns and/or epayment/payment/remittance of taxes due on August 15, 2012 by taxpayers and affected AABs
under RDO No. 3-San Fernando, La Union
Prescribes the issuance of Certificate of Tax Clearance to public transport operators as a prerequisite for acceptance by the LTFRB of an application for approval of sale and transfer of a
Certificate of Public Convenience
Amends the deadline for the filing of Applications for Value-Added Tax (VAT) Tax Credit Certificates
(TCCs) Monetization
Enjoins all government agencies to participate in the celebration of the 10th Anniversary of the
Development Policy Research Month
Publishes the full text of the Memorandum of Agreement between the Tax Management Association
of the Philippines, Inc. (TMAP) and the Bureau of Internal Revenue and the Mechanics of the
TMAP's Tax Infomercial Competition 2012

Notifies the loss of 8 sets of unused BIR Form No. 2524 Revenue Official Receipt

Notifies the loss of several BIR Form No. 2524-Revenue Official Receipt

Prescribes the use of BIR Form No. 2309 - Notice of Payment Schedule
Publishes the full text of Memorandum Circular No. 2012-08 of the Cooperative Development
Authority
Reiterates the requirement on the submission of Quarterly Value-Added Tax (VAT) Report per
city/municipality
Publishes the matrix of latest wage rates per region provided by the National Wages and
Productivity Commission
Notifies the loss of 1,000 sets of unused Accountable Form No. 51 Official Receipt

Authorizes the use of Electronic BIR Forms (eBIRForms) Package in the preparation and filing of tax
returns
Clarifies the reporting of gross receipts relative to power generation and distribution

Clarifies the issues affecting invoicing and recording of income payments for media advertising
placements
Clarifies the imposition of business taxes on professionals
Clarifies the taxability of association dues, membership fees and other assessments/charges
collected by condominium corporations
Defines the taxation of rural banks formed through consolidation
Circularizes the pertinent portions of the Supreme Court Decision in G.R. Nos. 195909 and 195960
entitled Commissioner of Internal Revenue vs- St. Lukes Medical Center, Inc., on the Income Tax
treatment of proprietary non-profit hospitals and on the 1998 deficiency Income Tax liability of St.
Lukes Medical Center, Inc. on the revenues it derived from services to paying patients and their tax
implications and implementation thereof

Prescribes the guidelines on condonation of tax liabilities of local water districts

Notifies the loss of original copy from 1 unused set of BIR Form No. 2524 Revenue Official
Receipt
Notifies the loss of 1 unused set of BIR Form No. 2524 Revenue Official Receipt

Clarifies the issues in the implementation of RMC No. 62-2012

Disseminates information about the Philippine Business Registry

Publishes the full text of Administrative Order No. 31 entitled "Directing and Authorizing All Heads of
Departments, Bureaus, Commissions, Agencies, Offices and Instrumentalities of the National
Government, including Government-Owned and/or Controlled Corporations, to Rationalize the
Rates of their Fees and Charges, Increase their Existing Rates and Impose New Fees and Charges"

Reiterates the violations committed by Revenue Collection Officers in the acceptance of tax
payments of internal revenue taxes
Clarifies Section 109(1)(R) of the National Internal Revenue Code of 1997, as amended, on the VAT
exemption of the sale, importation, printing or publication of books, newspapers, magazines, reviews
or bulletins
Publishes the Daily Minimum Wage Rates in the National Capital Region pursuant to Wage Order
No. 17
Clarifies certain provisions of RR No. 14-2012 on the proper tax treatment of interest income
earnings on financial instruments and other related transactions

Prescribes the 2012 BIR Major Final Outputs and Performance Indicators for the PerformanceBased Bonus
Notifies the loss of 3 sets of unused BIR Form No. 0535 Taxpayer Information Sheet

Directs all BIR offices performing frontline services to strictly adhere to the provisions of the "AntiRed Tape Act of 2007"
Clarifies certain provisions of RR No. 14-2012 on the proper tax treatment of interest income
earnings on financial instruments and other related transactions
Notifies the loss of quintuplicate copies from two (2) unused sets of BIR Form No. 2524 Revenue
Official Receipt
Suspends all audit and other field operations of the Bureau of Internal Revenue effective December
17, 2012
Clarifies the tax treatment of interest income earnings on loans that are not securitized, assigned or
participated out
Reminds withholding agents of their obligation to issue withholding tax statement for taxes withheld
at source
Specifies the criteria for the identification and selection of BIR Annual Priority Programs

Gives notice on damaged accountable forms

Clarifies the tax treatment of stock option plans

Clarifies the tax implications and recording of deposits/advances made by clients of General
Professional Partnerships for expenses
Provides the initial classifications of alcohol and tobacco products according to the tax rates
prescribed under Republic Act No. 10351
Supplements the guidelines in RMC No. 63-2012 on invoicing and recording of income payments for
media advertising placements

DATE OF ISSUE
January 03, 2012

January 03, 2012

January 12, 2012

January 18, 2012

February 06, 2012

February 16, 2012

February 24, 2012

February 29, 2012

March 14, 2012

March 19, 2012

March 22, 2012

March 27, 2012

March 28, 2012

April 04, 2012

April 04, 2012

April 11, 2012

April 16, 2012

April 27, 2012

April 27, 2012

May 02, 2012

May 03, 2012

May 07, 2012

May 08, 2012

May 21, 2012

May 22, 2012

June 01, 2012

June 18, 2012

June 21, 2012

June 29, 2012

July 05, 2012

July 13, 2012

July 16, 2012

July 25, 2012

August 01, 2012

August 06, 2012

August 06, 2012

August 06, 2012

August 06, 2012

August 06, 2012

August 06, 2012

August 09, 2012

August 09, 2012

August 10, 2012

August 14, 2012

August 16, 2012

August 16, 2012

August 22, 2012

August 24, 2012

August 28, 2012

August 28, 2012

September 03, 2012

September 06, 2012

September 10, 2012

September 12, 2012

September 12, 2012

September 19, 2012

September 20, 2012

September 27, 2012

October 01, 2012

October 04, 2012

October 24, 2012

October 25, 2012

October 29, 2012

October 31, 2012

October 31, 2012

October 31, 2012

October 31, 2012

November 05, 2012

November 08, 2012

November 08, 2012

November 15, 2012

November 22, 2012

November 22, 2012

November 22, 2012

November 23, 2012

November 23, 2012

November 23, 2012

November 27, 2012

November 27, 2012

November 28, 2012

December 11, 2012

December 18, 2012

December 18, 2012

December 26, 2012

December 26, 2012

December 27, 2012

December 28, 2012

December 28, 2012

December 28, 2012

December 28, 2012

December 28, 2012