BUREAU OF INTERNAL R

2003 REVENEU MEMORANDU

AR

2003 BUREAU OF INTERNAL REVENUE

REVENUE MEMORANDUM CIRCULAR
RR NO.

SUBJECT MATTER

RR No. 1-2015

Further amends RR Nos. 2-98 and 3-98, as last amended by RR Nos. 5-2008,
5-2011 and 8-2012, relative to "De Minimis Benefits"
(Published in Manila Bulletin on January 6, 2015)

RMC No. 1-2003

Provides basic information and answers to questions frequently asked about

substituted filing of income tax returns by qualified pure compensation income
earners

RMC No. 2-2003

Clarifies certain issues relative to the staggered filing of returns pursuant to

Revenue Regulations No. 26-2002
Prescribes the manner of accomplishing Annual Information Return of Income
Taxes Withheld on Compensation and Final Withholding Taxes (BIR Form 1604CF)

RMC No. 3-2003

RMC No. 4-2003

Clarifies the items that would constitute gross receipts and cost of services for
purposes of computing the gross income on sale of services, which shall be the
basis of the 2% Minimum Corporate Income Tax (MCIT)

RMC No. 5-2003

Circularizes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of December 2002
Clarifies certain issues relative to the services rendered by individual
professional practitioners, general professional partnerships, entertainers and
professional athletes who are subject to the Value-Added Tax or Percentage Tax
beginning January 1, 2003

RMC No. 6-2003

RMC No. 7-2003

RMC No. 8-2003

RMC No. 9-2003

RMC No. 10-2003

Circularizes the list of Tax Credit Certificates and Disburserment Vouchers for
tax refunds issued for the month of January 2003
Notifies the loss of one (1) set of unused BIR Form No. 1954 - Certificate
Authorizing Registration with Serial Number CAR200100146518
Prescribes the establishment of "BIR-On-Wheels" by the RDOs, LTAD I and II
and LTDOs Makati and Cebu
Notifies the loss of one (1) set of unused BIR Form No. 1954 - Certificate
Authorizing Registration with Serial Number CAR200100110051

RMC No. 11-2003

Publishes the full text of Proclamation No. 161 of the Office of the President of
the Philippines entitled "Declaring The Period From February 28 To March 6,
2002 And Every Year Thereafter As National Peace Consciousness Week"

RMC No. 12-2003

Circularizes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of February 2003
Clarifies the termination of audit and investigation of tax returns in the light of
the pronouncement of President Arroyo
Waives the imposition of penalties on professionals and brokers who failed to
file their Value-Added Tax/Percentage Tax returns for the months of January and
February

RMC No. 13-2003

RMC No. 14-2003

RMC No. 15-2003

Publishes the full text of the "Implementing Rules and Regulations of Executive
Order No. 40, Series of 2001," which consolidates the procurement rules and
procedures for all national government agencies, government-owned or
controlled corporations and government financial institutions, and requires the
use of the government electronic procurement system

RMC No. 16-2003

RMC No. 17-2003

Defines the term "Certificate of Deposit" to clarify its taxability

Grants taxpayers with accounting period ended December 31, 2002 an
extension of time to file their Income Tax returns up to April 21, 2003

RMC No. 18-2003

RMC No. 19-2003

Notifies the loss of unused 1 set of BIR Form No. 2321 - Tax Debit Memo with
serial number 026551
Provides the guidelines for the filing of the first quarter Value-Added Tax Return
for 2003 by banks, non-bank financial intermediaries and finance companies

RMC No. 20-2003

Notifies the loss of one (1) original copy of unused BIR Form No. 1954 Certificate Authorizing Registration with Serial Number CAR200100004436

RMC No. 21-2003

Notifies the loss of one (1) set of unused BIR Form No. 1954 - Certificate
Authorizing Registration with Serial Number CAR200100156681

RMC No. 22-2003

Notifies the loss of one (1) original copy of unused BIR Form No. 1954 Certificate Authorizing Registration with Serial Number CAR200100009927

RMC No. 23-2003

Clarifies certain issues relative to imposition of VAT on services of stock, real

estate, commercial, customs and immigration brokers beginning January 1,
2003

RMC No. 24-2003

Notifies the missing of one (1) original copy of unused BIR Form No. 0421 - Tax
Verification Notice with Serial Number TVN200200204486

RMC No. 25-2003

Notifies the loss of four (4) sets of unused BIR Form No. 0421 - Tax Verification
Notice
Circularizes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of April 2003
Notifies the loss of five (5) copies of Tax Credit Certificates (TCCs) issued to
Technology Electronics Assembly and Management (TEAM) Pacific Corporation

RMC No. 26-2003

RMC No. 27-2003

RMC No. 28-2003

Clarifies certain issues on the imposition of Value-Added Tax on banks, nonbank financial intermediaries, finance companies and other financial
intermediaries not performing quasi-banking functions

RMC No. 29-2003

Prescribes the guidelines for the filing of monthly Value-Added Tax return for the
month of April, 2003 by banks, non-bank financial intermediaries, finance
companies and other financial intermediaries not performing quasi-banking
functions

RMC No. 30-2003

Clarifies issues on the imposition of Value-Added Tax on sales of services by

banks and other financial institutions to "PEZA-registered/Ecozone export
enterprises."

RMC No. 31-2003

Prescribes the uniform guidelines on the taxation of imported motor vehicles

through the Subic Free Port Zone and other freeport zones that are sold at
public auction.

RMC No. 32-2003

Clarifies the implementation of RMC No. 31-2003 relative to the taxability of the
sale through public auction or negotiated sale of motor vehicles imported
through the Subic Freeport Zone and other freeport zones

RMC No. 33-2003

Notifies the loss of one (1) duplicate copy of unused BIR Form No. 1954 Certificate Authorizing Registration with Serial Number CAR200300018814

RMC No. 34-2003

Contains the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of May 2003
Prescribes the guidelines relative to the filing and remittance of taxes withheld
on income payments made to suppliers of agricultural products for the month of
June

RMC No. 35-2003

RMC No. 36-2003

Directs BIR officials and employees to refrain from acting as "Brokers" or GoBetweens and similar other roles in the selling/buying/transfers of Tax Credit
Certificates

RMC No. 37-2003

Notifies the loss of one (1) set of unused BIR Form No. 0421 - Tax Verification
Notice with Serial Number TVN200200233771
Notifies the loss of one (1) pad of unused BIR Form No. 0423 - Apprehension
Slip with Serial Numbers APS200100022051 to APS200100022100

RMC No. 38-2003

RMC No. 39-2003

Clarifies the termination and handling of audit/investigation and

reinvestigation/reconsideration of tax liabilities/returns of taxpayers under the
jurisdiction of the Large Taxpayers Service, Enforcement Service and Legal
Service, and those handled by the various task forces

RMC No. 40-2003

Clarifies the effect of issuance and receipt of Letter Notice to the taxpayer's right
to amend its tax returns
Prescribes the list of Tax Credit Certificates (TCC) or Disbursement Voucher for
tax refunds issued for the month of June 2003.
Clarifies certain issues raised relative to the processing of claims for VAT
credit/refund, including those filed by direct exporters with the DOF's One-Stop
Shop Inter-Agency Tax Credit and Duty Drawback

RMC No. 41-2003

RMC No. 42-2003

RMC No. 43-2003

Amends RMC No. 13-2003 regarding the issuance of Letters of Authority/Audit

Notices/Tax Verification Notices covering the audit/verification of taxpayers' tax
returns/liabilities.

RMC No. 44-2003

Prescribes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of July 2003.
Clarifies the policy on the use of head office receipts/invoices by branches.

RMC No. 45-2003

RMC No. 46-2003

Circularizes the full text of the Department of Finance's Order No. 20-03 which
provides measures to safeguard the integrity of the Tax Credit System being
administered by the One-Stop Shop Inter-Agency Tax Credit and Duty
Drawback Center

RMC No. 47-2003

Circularizes the Department of Finance's Order No. 19-03 which directs the
One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center to conduct
a special revalidation of all outstanding Tax Credit Certificates issued prior
October 1, 2003.

RMC No. 48-2003

Notifies the loss of one (1) set of unused BIR Form No. 1954 - Certificate
Authorizing Registration with Serial Number CAR200300031041.

RMC No. 49-2003

Prescribes amendments to RMC No. 42-2003 relative to the processing of

claims for VAT credit/refund.
Clarifies the venue for payment of Capital Gains Tax/Creditable Expanded
Withholding Tax and corresponding Documentary Stamp Tax relative to the sale
of real properties by insurance companies.

RMC No. 50-2003

RMC No. 51-2003

RMC No. 52-2003

Notifies the loss of one (1) set of unused BIR Form No. 2524 - Revenue Official
Receipt with Serial Number ROR200201451285.
Extends the deadline for the termination and reporting of all cases being
handled by the divisions under the Enforcement Service until September 30,
2003.

RMC No. 53-2003

Notifies the loss of two Tax Credit Certificates issued to Eastern Dragon
International Textile Corporation with Serial Nos. 009503 to 009504

RMC No. 54-2003

Circularizes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of August 2003
Notifies the loss of one (1) pad of unused BIR Form No. 2320- Tax Credit
Certificate with Serial Nos. 024401 to 024450.
Notifies the loss of 26 sets of unused BIR Form No. 2524- Revenue Official
Receipts with Serial Nos. ROR200201017475-ROR200201017500.

RMC No. 55-2003

RMC No. 56-2003

RMC No. 57-2003

Publishes the full text of Memorandum Circular No. 46 from the Office of the
President regarding "Complete Staff Work for Request for Presidential
Issuances.

RMC No. 58-2003

Prescribes the formats to be used in the preparation of Sworn Statement and

Official Register of Books by manufacturers/assemblers, importers and dealers
of automobiles.

RMC No. 59-2003

Notifies the loss of one (1) original copy of unused BIR Form No. 1758 Authority to Cancel Assessment with Serial No. ACA97000014203.

RMC No. 60-2003

RMC No. 61-2003
RMC No. 62-2003
RMC No. 63-2003
RMC No. 64-2003
RMC No. 65-2003
RMC No. 66-2003
RMC No. 67-2003
RMC No. 68-2003

Clarifies issues raised relative to the implementation of RR No. 25-2003 which

governs the imposition of Excise Tax on Automobiles
Prescribes additional information to be indicated in the VAT invoice/receipt.
Provides guidelines for Documentary Stamp Tax evaluation on cash-settled
securities swap transactions.
Subjects local water districts to Franchise Tax and Corporate Income Tax.
Prescribes the list of Tax Credit Certificates or Disbursement Vouchers for tax
refunds for the month of September 2003.
Notifies the loss of 1 duplicate copy of unused BIR Form No. 2524 - Revenue
Official Receipt with Serial No. ROR200301004598.
Clarifies the taxability of the Philippine Airlines for Income Tax purposes as well
as other similarly situated franchise grantees.
Notifies the loss of 2 pads and 49 sets of unused and cancelled BIR Form No.
2524 - Revenue Official Receipts.
Notifies the loss of 1 triplicate copy of unused BIR Form No. 1954-Certificate
Authorizing Registration with Serial No. CAR200300104976.

RMC No. 69-2003

Clarifies the tax base for purposes of the percentage (gross receipts) tax.

RMC No. 70-2003

Notifies the loss of 1 quadruplicate copy of unused BIR Form No. 1954Certificate Authorizing Registration with Serial No. CAR200300150527

RMC No. 71-2003

Clarifies issues affecting the revised procedures in the processing and approval
of applications for permit to adopt Computerized Accounting System or
Components thereof

RMC No. 72-2003

Specifies the tax implications of Electric Cooperatives registered with the

National Electrification Administration and Cooperative Development Authority

RMC No. 73-2003

Notifies the loss of 1 set of unused BIR Form No. 1954-Certificate Authorizing
Registration with Serial No. CAR200100234052
Notifies the loss of 1 set of unused BIR Form No. 1954-Certificate Authorizing
Registration with Serial No. CAR200300046587
Circularizes the list of Tax Credit Certificate and Disbursement Vouchers for tax
refunds for the month of October 2003
Clarifies the tax exemptions of non-stock, non-profit corporations and non-stock,
non-profit educational institutions
Classifies payments for software programs for income tax purposes
Suspends all field operations of the Bureau of Internal Revenue effective
December 16, 2003
Circularizes the list of Tax Credit Certificates and Disbursement Vouchers for tax
refunds issued for the month of November 2003
Clarifies the areas of jurisdiction of each functional group in the reassignment
and relief orders of regional personnel

RMC No. 74-2003

RMC No. 75-2003
RMC No. 76-2003
RMC No. 77-2003
RMC No. 78-2003
RMC No. 79-2003
RMC No. 80-2003

DATE OF ISSUE
January 5, 2015

January 3, 2003

January 9, 2003
January 13, 2003

January 15, 2003

January 17, 2003

January 22, 2003

February 13, 2003

February 17, 2003

February 21, 2003

March 3, 2003

March 7, 2003

March 12, 2003

March 19, 2003
March 26, 2003

April 1, 2003

April 1, 2003
April 16, 2003

April 21, 2003

April 25, 2003

April 28, 2003

April 28, 2003

April 28, 2003

April 30, 2003

April 30, 2003

May 7, 2003
May 8, 2003
May 15, 2003

May 19, 2003

May 20, 2003

May 21, 2003

June 4, 2003

June 11, 2003

June 12, 2003

June 16, 2003

June 17, 2003

June 18, 2003

June 24, 2003

June 24, 2003

June 30, 2003

July 7, 2003
July 11, 2003
July 23, 2003

July 23, 2003

August 11, 2003

August 12, 2003
August 12, 2003

August 13, 2003

August 25, 2003

August 27, 2003

August 28, 2003

August 28, 2003

August 29, 2003

September 10, 2003

September 10, 2003

September 15, 2003
September 29, 2003

September 29, 2003

October 2, 2003

October 3, 2003

October 9, 2003
October 8, 2003
October 8, 2003
October 13, 2003
October 13, 2003
October 14, 2003
October 16, 2003
October 16, 2003
October 17, 2003

October 22, 2003

October 23, 2003

October 23, 2003

October 24, 2003

November 3, 2003
November 3, 2003
November 11, 2003
November 17, 2003
November 19, 2003
December 3, 2003
December 3, 2003
December 29, 2003