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    RMO No. 42-2020

    Uploaded by

    Miming Budoy
    This document prescribes guidelines for submitting monthly reports on tax exemptions issued to cooperatives and non-profit organizations. It requires regional directors to submit reports summarizing certificates of tax exemption issued to cooperatives and non-profits, as well as denials of tax exemption applications from non-profits. The reports are to be submitted to various BIR departments by the 15th of each month for monitoring tax exemptions granted under relevant laws. Non-compliance is subject to penalties.

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    RMO No. 42-2020

    Uploaded by

    Miming Budoy
    45 views2 pages
    This document prescribes guidelines for submitting monthly reports on tax exemptions issued to cooperatives and non-profit organizations. It requires regional directors to submit reports summarizing certificates of tax exemption issued to cooperatives and non-profits, as well as denials of tax exemption applications from non-profits. The reports are to be submitted to various BIR departments by the 15th of each month for monitoring tax exemptions granted under relevant laws. Non-compliance is subject to penalties.

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    This document prescribes guidelines for submitting monthly reports on tax exemptions issued to cooperatives and non-profit organizations. It requires regional directors to submit reports summarizing certificates of tax exemption issued to cooperatives and non-profits, as well as denials of tax exemption applications from non-profits. The reports are to be submitted to various BIR departments by the 15th of each month for monitoring tax exemptions granted under relevant laws. Non-compliance is subject to penalties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views2 pages

    RMO No. 42-2020

    Uploaded by

    Miming Budoy
    This document prescribes guidelines for submitting monthly reports on tax exemptions issued to cooperatives and non-profit organizations. It requires regional directors to submit reports summarizing certificates of tax exemption issued to cooperatives and non-profits, as well as denials of tax exemption applications from non-profits. The reports are to be submitted to various BIR departments by the 15th of each month for monitoring tax exemptions granted under relevant laws. Non-compliance is subject to penalties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    REPUBLIC OF THE PHILIPPINES

    DEPARTMENT OF FINANCE
    BUREAU OF INTERNAL REVENUE
    Quezon City

    December 1, 2020

    REVENUE MEMORANDUM ORDER NO. _42-2020__

    SUBJECT: Prescribing the Guidelines in the Submission of the Monthly Report on


    Issuance/Denial of Tax Exemption of Cooperatives Pursuant to Republic Act
    No. 9520 and Non-Stock, Non-Profit Associations/Organizations under Section
    30 of the National Internal Revenue Code of 1997, as Amended.

    TO : All Internal Revenue Officers and Others Concerned.

    I. OBJECTIVES

    This Order is issued to monitor the issuance of Certificate of Tax Exemption (CTE) to
    qualified cooperatives and non-stock, non-profit organizations/associations enjoying tax
    exemptions pursuant to Republic Act (RA) No. 9520 and Section 30 of the National Internal
    Revenue Code (NIRC) of 1997, as amended, respectively.

    II. COVERAGE

    Submission of reports for all issued CTEs to cooperatives beginning January 1, 2018, the
    effectivity of TRAIN Law pursuant to Section 5(B) of the NIRC, as amended by Republic Act
    (RA) No. 10963, otherwise known as the “TRAIN Law”, requiring the CDA to submit a tax
    incentive report of cooperatives enjoying tax incentives for the inclusion in the database created
    under Republic Act No. 10708, otherwise known as “The Tax Incentives Management and
    Transparency Act (TIMTA)”,

    Submission of reports for all CTEs issued to Non-Stock, Non-Profit


    Organization/Association by the Regional Offices beginning July 24, 2019, the date of issuance
    of Revenue Memorandum Order No. 38-2019.

    III. GUIDELINES

    1. All Regional Director shall submit, on or before the 15th day of the following month, the
    following reports:

    A. Monthly Summary Report of Certificate of Tax Exemption Issued for Cooperatives


    (Annex A)

    i. Hard copy together with copies of CTE to the Assistant Commissioner, Legal
    Service; and
    ii. Soft copy to the Audit Information Tax Exemption and Incentives Division
    through aiteid@bir.gov.ph copy furnished the Legal Service
    (faith.farochilen@bir.gov.ph) and the Law and Legislative Division
    (juanito.balbastre@bir.gov.ph).
    B. Monthly Summary Report of Certificate of Tax Exemption Issued for Non-Stock,
    Non-Profit Organization/Association (Annex B)

    i. Hard copy together with copies of CTE to the Assistant Commissioner, Legal
    Service; and
    ii. Soft copy to the Legal Service (faith.farochilen@bir.gov.ph) and the Law and
    Legislative Division (juanito.balbastre@bir.gov.ph).

    C. Monthly Summary Report of Denied Tax Exemption Applications for Non-Stock,


    Non-Profit Organization/Association (Annex C)

    i. Hard copy together with copies of Rulings issued by the Region denying the
    application to the Assistant Commissioner, Legal Service; and
    ii. Soft copy to the Legal Service (faith.farochilen@bir.gov.ph) and the Law and
    Legislative Division (juanito.balbastre@bir.gov.ph).

    IV. SANCTIONS

    Non-compliance with the prescribed deadlines on the submission of reports is considered


    violation of office rules and regulations subject to penalty defined in the Revised Code of
    Conduct as implemented by Revenue Memorandum Order (RMO) No. 53-2010.

    V. REPEALING CLAUSE

    All other issuances and/or portions thereof inconsistent herewith are hereby amended or
    modified accordingly.

    VI. EFFECTIVITY

    This Order takes effect immediately.

    (Original Signed)
    CAESAR R. DULAY
    Commissioner of Internal Revenue

    K-1

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