Revenue

REGULATIONS

(RR)

on

Income tax
From

2001-2016

RR

Description

Page No.

RR 2001
RR 2-2001
RR 3-2001

RR 4-2001

RR 5-2001

RR 14-2001

RR 20-2001

Prescribes the rules and regulations in the implementation of

the provision on Improperly Accumulated Earnings Tax
Grants moratorium on the withholding of Income Tax on the
compensation income of public elementary and secondary
school teachers employed by the national government
Extends up to April 18, 2001 the deadline for the filing of
Income Tax Returns by taxpayers with accounting period
ended December 31, 2000
Revokes the requirement for non-resident citizens, overseas
contract workers and seamen to file information returns on
income derived from sources outside the Philippines
Implements certain provisions of the Tax Code relative to the
allowance of Net Operating Loss Carry-Over (NOLCO) as a
deduction from gross income
Implements the provisions of Articles 61 and 62 of RA No.
6938, as amended, relative to the availment of tax
exemptions granted to cooperatives

1-4
5-6

10-18

19-24

RR 2002
RR 10-2002
RR 15-2002

RR 19-2002

RR 20-2002

RR 21-2002

RR 25-2002

Authorizes the imposition of a ceiling on entertainment,

amusement and recreational expenses
Governs the imposition of Income Tax on the Gross
Philippine Billings, other income of International Air Carriers
and Common Carrier's Tax, as well as the manner of claiming
deductions on travel expenses and freight charges incurred
Amends RR No. 3-2002 and further amends RR No. 2-98
relative to the substituted filing of Income Tax return of
employees receiving purely compensation income from only
one employer for one taxable year whose tax due is equal to
tax withheld and individual-payees whose compensation
income is subject to Final Withholding Tax
Clarifies the tax treatment of income earned from
unregistered activities by enterprises registered under the
Bases Conversion and Development Act of 1992 and the
Philippine Economic Zone Act of 1995
Prescribes the manner of compliance with any documentary
and/or procedural requirements in connection with the
preparation and submission of financial statements
accompanying the tax returns
Amends RR No. 5-99 relative to the requirements for

25-29
30-37

38-39

40-41

42-43

44-45

deductibility of bad debts from gross income

RR 2003
RR 7-2003

RR 15-2003

RR 16-2003

Provides guidelines in determining whether a particular real

property is a capital asset or an ordinary asset for purposes of
imposing Capital Gains Tax, or the ordinary Income Tax, or
the Minimum Corporate Income Tax (MCIT)
Grants taxpayers with accounting period ended December 31,
2002 an extension of time up to April 21, 2003 within which
to file their Income Tax returns
Imposes advance payment of Value-Added Tax or Percentage
Tax and of Income Tax on operators of "privilege stores" (or
"tiangges"), as well as prescribes the tax obligations of
organizers or exhibitors of space for the operation of
"privilege stores"

46-54

55

56-62

No Updates on Income Tax in 2004

RR 2005
RR 4-2005

RR 11-2005

RR 13-2005

Prescribes the rules and regulations implementing Bangko

Sentral ng Pilipinas Circular No. 472, Series 2005 requiring
all bank borrowers and co-makers to submit latest Income
Tax Return and Financial Statement received by BIR
Defines Gross Income Earned to implement the tax
incentive provision of Republic Act No. 7916, otherwise
known as The Special Economic Zone Act of 1995
Defines Gross Income Earned to implement the tax
incentive provision of Republic Act No. 7227, otherwise
known as The Bases Conversion Development Act of 1992

63-65

66-67

68-69

RR 2006
RR 1-2006

RR 4-2006

RR 6-2006

Amends Revenue Regulations No. 2-98, as amended, relative

to the withholding of Income Tax on compensation income
received by minimum wage earners
Implements the tax privileges provisions of RA No. 9257,
otherwise known as the Expanded Senior Citizens Act of
2003 and prescribes the guidelines for the availment
thereof
Regulates the use of functional currency other than the
Philippine peso in financial statements that will be submitted
and in the books of accounts that will be maintained for
internal revenue tax purposes

70-73

74-84

85-91

RR 2007
RR 5-2007

Prescribes the guidelines and conditions for the tax treatment

92-104

RR 7-2007

RR 8-2007

RR 12-2007

RR 14-2007

of Securities Borrowing and Lending (SBL) or Securities

Lending Transactions (SLTs) involving the Fixed-Income
Securities Lending Program of the Philippine Dealing and
Exchange Corporation (PDEx)
Amends certain provisions of RR No. 21-2002 prescribing the
manner of compliance with any documentary and/or
procedural requirements in connection with the preparation
and submission of financial statements accompanying the tax
returns
Prescribes the additional compliance requirements of
concerned taxpayers in the light of mandatory adoption of
the Philippine Financial Reporting Standards
Amends certain provisions of Revenue Regulations No. 9-98
relative to the due date within which to pay Minimum
Corporate Income Tax imposed on domestic corporations
and resident foreign corporations
Clarifies the tax treatment of microfinance services rendered
by Non-Governmental Organizations and cooperatives

105-107

108-109

110-116

117-120

RR 2008
RR 10-2008

RR 16-2008

Implements certain provisions of RA No. 9504 entitled "An

Act Amending Sections 22, 24, 34, 35, 51 and 79 of RA No.
8424, as Amended, Otherwise Known as the National
Internal Revenue Code" relative to the withholding of Income
Tax on compensation and other concerns
Implements the provisions of Section 34(L) of the Tax Code
of 1997, as amended by RA No. 9504, on the Optional
Standard Deduction allowed to individuals and corporations
in computing their taxable income

121-157

158-165

RR 2009
RR 1-2009

Prescribes the rules and regulations to implement RA No.

9442 relative to the tax privileges of persons with disability
and tax incentives for establishments granting sales discount

166-172

RR 2010
RR 2-2010

RR 3-2010
RR 5-2010

Amends Sections 6 and 7 of RR No. 16-2008 with respect to

the determination of the Optional Standard Deduction (OSD)
of General Professional Partnerships and the partners
thereof, as well as the manner and period for making the
election to claim OSD in the Income Tax Returns
Provides the rationale and guidelines for the submission of
the Statement of Management Responsibility
Amends Sections 3(D) and 12 of RR No. 11-2008 pertaining
to the issuance of TIN card and transfer of registration

173-177

178-180
181-186

RR 6-2010

RR 7-2010

RR 8-2010

Prescribes the policies, guidelines and procedures in the

implementation of the Tax Subsidy granted under Section 17
(c) of RA No. 3591 (Philippine Deposit Insurance Corporation
[PDIC] Charter)
Implements the tax privileges provisions of RA No. 9994,
otherwise known as the "Expanded Senior Citizens Act of
2010", and prescribes the guidelines for the availment thereof
Amends RR No. 7-2010 implementing the tax privileges
provisions of RA No. 9994, otherwise known as the
Expanded Senior Citizens Act of 2010

187-191

192-203

204-205

RR 2011
RR 1-2011

RR 2-2011

RR 4-2011

RR 6-2011
RR 7-2011
RR 11-2011

RR 19-2011

Defines the tax treatment of income earnings and money

remittances of an Overseas Contract Worker or Overseas
Filipino Worker
Prescribes the filing of Income Tax Return and/or Annual
Information Return by individuals, including estates and
trusts
Prescribes the rules on the proper allocation of costs and
expenses amongst income earnings of banks and other
financial institutions for Income Tax reporting purposes
Suspends the implementation of RR No. 2-2011
Prescribes the policies in the tax treatment of campaign
contributions and expenditures
Defines gross receipts for Common Carrier's Tax for
international carriers pursuant to Section 118 of the Tax
Code, amending Section 10 of RR No. 15-2002
Prescribes the new Income Tax forms

206-208

209-210

211-213

214
215-216
217

218

RR 2012
RR 12-2012

RR 14-2012

Prescribes the rules on the deductibility of depreciation

expenses as it relates to purchase of vehicles and other
expenses related thereto, and input taxes allowed therefor
Prescribes the proper tax treatment of interest income
earnings on financial instruments and other related
transactions

220-221

222-229

RR 2013
RR 5-2013

RR 7-2013

Prescribes the tax treatment of sale of jewelry, gold and other

metallic minerals to a non-resident alien individual not
engaged in trade or business within the Philippines or to a
non-resident foreign corporation
Prescribes the policies and guidelines for the abatement of
surcharges, interests and compromise penalties in relation to
the filing of 2012 tax returns of Philippine nationals and alien

230-236

237-241

RR 8-2013

RR 15-2013

RR 16-2013

individuals employed by foreign

governments/embassies/diplomatic missions and
international organizations situated in the Philippines
Amends certain provisions of RR No. 7-2013, which provides
for the policies and guidelines for the abatement of
surcharges, interests and compromise penalties in relation to
the filing of the 2012 tax returns of Philippine nationals and
alien individuals employed by foreign
governments/embassies/diplomatic missions and
international organizations situated in the Philippines
Implements RA No. 10378 entitled An Act Recognizing the
Principle of Reciprocity as Basis for the Grant of Income Tax
Exemptions to International Carriers and Rationalizing
Other Taxes Imposed Thereon by Amending Sections 28(A)
(3)(A), 109, 118 and 236 of the National Internal Revenue
Code (NIRC), as Amended, and for Other Purposes
Revokes RR Nos. 16-2003 and 24-2003 relative to the
taxation of privilege stores and imposes new rules

242-243

244-258

259-267

RR 2014
RR 2-2014

Prescribes the new Income Tax forms

268-270

RR 2015
RR 3-2015

Implements the provision of RA No. 10653, more particularly

on the increase to P 82,000.00 of the total amount of
exclusion from gross income for 13th month pay and other
benefits, effectively further amending the pertinent
provisions of RR No. 2-98

No Updates on Income Tax in 2016

271-272