Index for CREATE


CREATE Act


[return to index]


Revenue Issuances

Revenue Regulations

No. of Issuance Subject Matter Date of Issue
 RR No. 2-2021  Amends certain provisions of RR No. 2-98, as amended, to implement the amendments introduced by RA No. 11534 (Corporate Recovery and Tax Incentives for Enterprises Act or CREATE Act) to the NIRC of 1997, as amended, relative to the Final Tax on certain passive income
(Published in Philippine Star and  Malaya Business Insight on April 9, 2021)
Digest | Full Text
 April 8, 2021
RR No. 3-2021 Prescribes the Rules and Regulations to implement Section 3 of RA No. 11534 (Corporate Recovery and Tax Incentives for Enterprises Act or CREATE Act), amending Section 20 of the NIRC of 1997
(Published in Philippine Star on April 9, 2021)
Digest | Full Text 
April 8, 2021
RR  No. 4-2021 Implements the provisions on Value-Added Tax (VAT) and Percentage Tax under RA No. 11534 (Corporate Recovery and Tax Incentives for Enterprises Act or CREATE Act), which further amended the NIRC of 1997, as amended, as implemented by RR No. 16-2005, as amended
(Published in Philippine Star on April 9, 2021)
Digest | Full Text 
April 8, 2021
RR No. 5-2021 Implements the new Income Tax rates on the regular income of corporations, on certain passive incomes, including additional allowable deductions from Gross Income of persons engaged in business or practice of profession pursuant to RA No. 11534 (Corporate Recovery and Tax Incentives for Enterprises Act or CREATE Act), which further amended the NIRC of 1997
(Published in Philippine Star and Malaya Business Insight on April 9, 2021)
Digest | Full Text 
April 8, 2021
RR No. 8-2021 Amends certain provisions of RR No. 4-2021, which implemented the VAT and Percentage Tax provisions under RA No. 11534 (CREATE Act)
(Published in Philippine Star on June 12, 2021)
Digest | Full Text
June 11, 2021


Revenue Memorandum Circulars

No. of Issuance
Subject Matter
Date of Issue
RMC No. 99-2021 Clarifies the issues relative to the Value-Added Tax (VAT) exemption of certain medicines and other medicinal devices for COVID-19 under Sections 109(1)(AA) and 109(1)(BB)(ii) of the Tax Code, as amended by RA Nos. 10963 (TRAIN Law), 11467 and 11534 (CREATE Act).
Digest | Full Text
September 1, 2021
RMC No. 62-2021 Clarifies certain provisions of Revenue Regulations No. 5-2021 relative to Corporate Income Taxation
Digest | Full Text
May 17, 2021
 RMC No. 67-2021 Clarifies the issues relative to the temporary reduction of Percentage Tax rate imposed under Section 116 of the NIRC of 1997, as amended by Section 13 of RA No. 11534 (CREATE Act)
Digest | Full Text
 May 24, 2021
RMC No. 81-2021 Publishes the full text of the letter from the Food and Drug Administration of the Department of Health containing the “List of VAT-Exempt Products” pursuant to RA No. 11534 (CREATE) Act.
Digest | Full Text | FDA Letter | List of VAT exempt products 
July 6, 2021
RMC No. 83-2021 Circularizes the Implementing Rules and Regulations of Title XIII of RA No. 8424 otherwise known as the "National Internal Revenue Code of 1997", as amended by RA No. 11534 (CREATE Act)
Digest |  Full Text | IRR
July 12, 2021
RMC No. 89-2021 Circularizes Republic Act No. 11534 titled “An Act Reforming the Corporate Income Tax and Incentives System, Amending for the Purpose Sections 20, 22, 25, 27, 28, 29, 34, 40, 57, 109, 116, 204 and 290 of the National Internal Revenue Code of 1997, as Amended, and Creating Therein New Title XIII, and for Other Purposes”, otherwise known as “Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act”
Digest | Full Text | RA 11534| Direct Veto
July 19, 2021

Revenue Memorandum Orders

No. of Issuance
Subject Matter
Date of Issue
     

[return to index]


Forms

Form No.
Form Title
   

[return to index]


Advisories

  •  Advisory for mandated users of eBIRForms regarding payment of the Final Income Taxes Withheld. more

[return to index]


Announcements

 


[return to index]


News Articles


[return to index]