Seema Congress . ‘equn and eld in Metro Mans, on Monday, twa fourth (ayo ty, two uma seventeen. (Rerustic Act No. 109631 ‘AN ACT AMENDING SECTIONS 6, 6,24 25,271, 32.88, 4, SL 2 66,57 68 74 79. 6,86, 90, 91.97, 96, 10,102, 106 107,10, 108,10, 13,114 6, 127,128 1, 148, 4414801, Ue, 171, 174176, 17,178 179, 10,18, 18,188, 186,18 189,190, 391, 182 389,14, 198, 196, ‘he enacted by tha Senate ond Hone of apres of the itp bx Congr sodSSBomoN 1. Tie ~ Tia Act shal be hao the “Tex efor fx Acsleratin ad ncason CRAIN. ‘Sec 2. Declaration of Policy. - Tin heey declared the icy fa te: (@) Toenbsnoe tho progasiviy ofthe tx eran thr {te retonalation of the Pupp interaal reepte txien, ‘Rerabypremotegeutainablendindunive enon gry Toproride, sn muchat posible an equitable ie eater number dtaxpayers tod the families oder prove [ivan deere nome and increas soci acy ang (© Toenmre thatthe goverament sable toroid forte ‘maf tho ode ifr anaes provi fbetiar infrastructure, beat, elueten, be and pal ‘protection th poole Sec. 8. Seion§ ofthe Natoual intemal Revenue Coe 1997 TRC, eetmooded.iakarby rtber mended tread ‘ows “Sec 5. Powe of the Commissioner to Obtain Infarnation on to Semmoa, Bina nd Take Testimony of Persons. ~ fa scertaining the corrects ofany return ori aing aera when ‘one ha nen made orin determing th baby (any perso Sor any internal revene fat or 12 tollacing any such Lablty, in erahating tax ‘Smplisne the Commision nathan: wax "310. 6. Power of the Commissioner Mahe Arsesomente and Prescribe Additinat 7 Requirements for Tax Administration and rjorament W Beominotion of Returns ond ‘termination of Tax Due. ~" Afar area bas ‘gen lod wx quired acer the provisos fat (ote, he Cominsioner cr ie uly aathorzed ‘epreanatv may astorin he emits fang {axpayer andthe sanemeat ofthe cores anu fas, otwitanding any le retlring Up sthcriation of any government apeacy oF wee, That ee 3 ‘lee rear al ct prevent be Oia e, ‘ethorting th examinton of any expeux vorsx ou 5 Authority of the Commissioner to Prescribe asl Proper Values. — The Commie {2 lheby sutharnod wo divide co Philippine nto (ier ata or eens and shall wpon mitdtey ‘Sannin with competent appraised bom {Tinaed payer, determine ofr merase ‘real pope aed in each neo fot {S eulmmnic nduotment once ovry taro () yee. ‘Sealine and rogdatnes onod bythe Seeeiry Pnmes bend on ho cent Pulippne valuation ‘Sandra: Provided, That no adjestaon! in zonal ‘oveeper of gearal croutons provi 7 ( martialtyomeraod orth acne Orel Sal be ported fn the provinal xpi, iyo ‘Bunipelbal and nwo other empicncn pic ‘Place tern: Provided, further, atthe basa of ayreasin ncading the ecard of coraatons ‘done oball be pli rearda open tothe ingtiy of! ey tapeyer Forpsnyons of mpeg oxyteral ‘Feveaws ax, the value of the property shall be, ‘whichever the higher tho fair acetal dternand by tho Commimianer 02 te fais markt value an shown in the scheiaie of valoee of the Provincial and Cityay zecetvod by sch mine wage urna shall owisebe enampt fen ome tx 1W Rate of Tar on Income of Purely Self-employed Indildualy endfor Proferionale Whose Groce Sales or Goes Benpts and Othe Non-operating Income Doce Not Brosed the Value odded Tax (VAT) Threshld at Proidd i ‘Section 1095). ~ Seltonplayed indvideale ‘dle profesimala hall rete cpt eel otte hag orm depot oxen erica aed thoremaeing metry area weet 7 Cash onder Property Dividends. — fal tara che rat f ton parent (10) eal be {mpomad upon thecal sndlor property vidends actualy rcontrectvlyrecnred by exindvideal from a domestic exprston ora at ck Sey, nan rte indore ‘gona operating headquarters of relational ‘Srapunica, ron the char of a indivi te ‘tetttnble ot ican eer tao (exept peoral rfononal partners) ef wich ‘else partner, or on tears of an iia in ‘he not income ner tax of a emosiation dnt ‘seount or jon entre er coma able at \Ccaporstionfwiasibe iss member or covenorer, 0 Copia in frm Soleo Sharef Sack et Trad in he Sook Eachonge Tin pei ‘Beaton 300) motwihaending a final a ate {lve fieen pernct (LP) i bee peed pen poration exept Shares sold or diaposed of though the wack cheng text ‘5c. 6. Section 25 of tho NIRO, eanended i ere ‘trther mended trad flow vane. 2 Indie. — 1) Nonresident Alien Bagaged in Trade or Bosinass Within the Phippines sex Tos on Nonresident AlienBanding Unite. ~ There sll be loved, cllociod tnd paid for each taxable year upon tbe groce {ome reared by every lia fda employed by offre banking tunitaeetebliahed in the Philippines ae salaries, wages, anmuiticn, Contactor and ecmaact: “Any inom cared from all ther souroe ‘within he Pippo yw bo employes reared ‘Dunder Senco (0, (0) snd bara all bo (rect tothe pertinent ncaa tu, th oe Ay ‘Se fmpeeed mer ts Code. ind. Bxchange Commission (SEC) after ‘January 1 218; Provided, hse, Tht xing Biqe/ROHGs, OBUs er petroloum service (ofr el ebztracen proelyeadingftock na dome coryoration song shared fiposed of trv eek change weet S00 8. Saction 81 of he NERC, os ssn ie hereby ‘rer amended red afl ‘Rte. M._Tamble Income Defined. ~ The ‘erm ‘arable incu means the pertinent tem (qos inrms pci in thin Oni, dttonn, ‘any euthorned for each tye fina by is (Coe rohar peil ina a E872 Section 38 f tha NING, an amend boty ‘Stier amended tread slows BRC 92 Grate Ine. ~ W Genel ition — 128 [Wy Educons rom Gros nce. — 223 was “0 Minato Re. wars‘rahe fags bene by the irene ere (etme erent (100% eal teapot ‘incon er ur Sntantons 0, (0, Den eins ood ‘nc 11, Section 94 ofthe NIC, a mond, a rey fertter snemiod ead slows: "Rac M Deduction from Grow Income. — [Beep for txpayers arin competion co ‘meng from poral aorvices rendered unica (eepeper npape latcahip where dio (Balle allowed wader this Seto, in computing {sable nema ebjc osama tx de Serio ay 2A, 9, 270) (Oe SHAD hee ‘Sallie allowed the filing dentin fo 10 Rapes — 0) Ordinary ond Neoswary rode, Busnes Epon —ledation esi cnc Baring eraled ‘Mea ofthe deductions slowed peting ‘Saietonn. eck con whew messin toe ears, ‘dl oe irovoaie fr tha tale yo er which ‘he rota a male: Provided, Tha onic ‘riot etted toe dainad fr Umeptal etdard ledocio sal ot be required eubmal sB ‘Commissioner otherwise permit, the tid {ndiidal bal ep mach Toe okie oneal pom tnipta = nao ‘Siegen reondo porting hia eee decd n aon 2 hss erg ta te ‘eat ana ered bythe rae adept ‘0.12, Section 38 afd NIRC, pend, thay pes. ‘. 1, Section 51 ofthe NIRC, a arn, hersby (atlows: ‘ther amended red "e051 Individual Beara — Warr ‘Warr nee nexr "CMe income tex rts (Tall comet of matin of four (0 page in popes form ot ‘tronic for, and halal eta eh lowing ‘niente “W PeremalproGieend information: "© Allowable dodctons wer hi Code; “(Taxable income so defn in Section ot ‘hind ed| "Woionne tax due end paabs, sor ‘580.14 Avew action designated a Section SLAcfthe IBC, aa amends hereby inetd ona a flows, “SI, Sabatino coe Tx Returns by Employees Receusing PurelySc: 15, Section 52 ofthe NIRC, ot amended is howeby farther amended to readastolows: "See. 62. Corporation turns — A) Requirements, ~ Bracycorporntion bie 9 the fax bora impoasd, axe orien 1) Allowable detnctions unr tie Code; 7 Texablenenme a dein in Section 31 fie Code; 0) Income tax and payable see ‘98.16, Sacto 68 af the NIRC, a amended, roy further snenied ore afillowe "880.56, Payment and Assessment of ncome ‘To or Indias end Corporation. ~ 1A) Payment of Tox — Wx 0) Insane of Pement. — Wha tx unin zen Tw Guomand pense P20) the ‘eanpaye oar than corporation, may loc pe? the tar into aaa ntalimeni a whichonae, ‘ha fir naalinent sal bo pl th Une tbe ‘stra Ge and te moonlit bie (Oca 15 filling ta cos of th claro, ‘7 imallmet not pion crab the dao fod {Eritspayment, he whole mnount ef he tax wepaid ‘becomes due and payable together with the hoguecy pani” ‘Sc. 17, Section 67 of the NERC, ax enone, i ineby ‘ferther amended to ead arflowe "B10. 67, Withholding of Tax a Saree, — “Wax "0 Witiolding of Cras Tara Source ‘Tho Secretary of Flaance may, upon the‘aap (199 ent nore than http (G0) terol which shall be edited egies She {nema ta habity of tie tepapee fr Se eas ear. Provided, Tat, begomingJutmary 13018, {erate of witalding shall net ble Uh oo ‘Pernt (XD but not mare than fibeen pret 5%) Sfsincome payment ors ‘Sc. 1, Section 58 ofthe NRC, on emanded i hes, fort amended to read flows: sxe. 58. Return and Payment of Taxes Withheld of Bourer — ‘wu vex “Tha stra fin and cable withing taxa shale and tb peyment mate at ater ‘han the at day of Ua oat owing th cows ‘he quarter during which witibldng waemade” ‘Sec. 18, Section 62 of the NIEC, no amended aay rope. ‘S0C. 20, Section 74 ofthe NIRC, a ameaded i hero ‘her amended mad afl: "Suc. 14. Declaration of Income Tax for Inds ~ “(i) Is General. ~ Recopt a» otherwise (exableyur on cr blore May 18 tha nm arabe 71 Return ond Pema of Batimote come ‘ax ty Idieiduale. ~The amount of oxime ‘tc. 21, Seton 79 of the NIRC, a neni, a hare farther emecd rad aa fllows "800.79, Income Ta Collet ot Source, "© Refund or Crate. = "00 Employer! — xix "W Empleyas, - 222 ex “D) Withholding on Basie of Average Wages. 22 | | ‘oan ware oemOp Monreidon Aine, = 2% 1W Yoorend Adstnent. — x22" ‘Sec 2. Section 84 of tha NERC, a atone, i hereby ‘rth amentod to ead slows: "Bro. Hote of atte Tex — Thee shalt be levid, amcned, cleted snd pad ten the ‘nate potest a deecine imma ‘with Sections 85 snd 8 of very dacodent, wheter ‘Rsdent or nonredient ofthe Phihppines, sar sf ‘Gouin of er peront 6H) basen eval ‘eteatn” 820.23, Section 8 f tho NIRC, tn amin is herby fietheramaniod oreadasilowe ‘0.88, Computation of Net late. — Yor ‘he pon ofthe nr impowe Ia this Chega, as ‘value ofthe nt ota sal determined” “W) Deductions Aouad to the Sotate of 0 inn ora Resident. ~ Ta th cave oa iene resident of the Pippa, by deducing frm the ‘aluoefthe presente” : “W Standard Deduction. — An sinomnt ‘suivant to iv milion pecs (500,000) “VO Forclsine agsint the estate: Provided, ‘That atthe tine th indbtadaene was incurred ebeinatrasent wa ly otereed and if Glee (the decedent, the admirer exert call, ‘submit «statement shoving the dapontion of he Proce colon, 10) Vor caine of the decensed sgsinat insolvent persons where the value of decedent trea tc nthe ona Someone “(Yor unpaid morigegye upon, or a2 ‘nde in ropect propery where teva decedent interethnic ‘mortgage crndabtndoes ince in Ge vl ‘he gro eta, bat ot ncding ey ince tax ‘pat inom recived air the death afte eric, property tare ot eared ic bideth oy ‘aia tne. The dado heen awed nti ae fdas asia he sate pl mortgage ey {ndebtmines call, when bund wpan omnes ‘sgreemont, be init toto extent Ut they were ‘Sutracid tona fide snl fr mn sdoquate a8 fa ‘ciderationn money money wrth. Ther al ‘lbobe deh mes eared dene he monet cf hea arising trom fren, storm, hipwreck, ‘he fling of tae rotuen wach ieee bev eat bon ‘dined naa deduction Er the nce tx pcp jn en income tax ror, and proved tet ouch ‘ese were ncueed ot ter han he Ia yr ‘he peyment of tha eotata tax an romeibed in ‘Subsection (A) econ dt. Perera tac hoanantiri tes Peeerreebetrad imaniaencotaee eater’ iinicemmaameet peoemtmeentnaee Eginovemnenee eed iacneameeeae eensOme hnmned pore (100%) the vas, i Se Orermere Tonth of te tendo 2 eS ‘casera to him by gid within i ante paid “Kighay pee 00 th va, the peer Aeodent died mor han eas) year bane re ‘ham Cl) year peor he Sut tho decedent ‘itt property wo tenho by gi ‘Seema period price to hada, “Sisty pert (008) cl be val if te ecodent died mare than Ovo year at not noe Se Orpen foe, lth pepe wes nar hitb i wan ‘homme pes prt Bah ory perent (40%) ofthe van tha decnec died more hn Se) years bat net eee ‘anton (® yous prir to et ‘if yopery westerly ef aa ‘horus per pretend rant percent (20%) tbe va i bo pice eat ded more than four (0 Jenene nt ars ‘hn ire (years prior to he dct te decode, rife propery wee rendre hy wih (He me period prior tolie death, ‘hn came maybe, and cnly im tho anc faly Aetermined an the value of euch property 1 ‘determining the vals ofthe girth gamete ‘fmch prior deostent, and oly othe erent tht ‘Seale cf uch property in th deste ‘ren estate, end ony fin dterinng thera (he etete of the price decedent no dsdncton was ‘towable under peragraph (5) i ropa of th Beperty ox propre gien i exchange. ‘War deduction wae alowed of ny tetany ot ren netroots or roe {ref the peo soda which waa pedi ot ‘in part prior tthe decedent death, then the eduction allowable under eid Bubactin abel be ‘ednend by the amownt co ped. Sach deduction ‘lowe ale reduced yen amon wich bess ‘he sims ratot theamoens allowed at defines under paragraphs (2, (2), (, and (of thia ‘Shc nthe amc ori ded ner ‘sid paragraph arnt the vlan of thd tate, Where the property ree com of re _grmare items the erepse raf sah tems cal ‘bee ate pene af computing the dfnction nc Taner fr Public Use, — Tho amount faltbetnts Ingen, devi or tnt er ‘hee ofthe Gorerament othe Repub of the Philipines, r any paca ebro Sere fot ‘smarty pableperpione eso (10,0000, da exons dal be ae fo cenit 70 Aun eee by Har Unde Republic (£62.17 ~'hy mount ent thin {Sum the decadent semplcyec aa nen ote death ofthe decent employes in arcrdance with epubicAct No. 417, Prout, Tat och anit ‘nctnded in the gran nto th dace 3 Deductions Allowed to Nonresident ‘Exot ~ In the eof omreeldent nt acces, ‘fhe Piipine, by deducting fm the valtaper fin gross eta which atthe te ofhin fdathinetoted in the Pippin: Standard Deduction, - An amount eile oie del homed pene CRSONED: 10) Tha proportion ofthe dct paid, ‘imparneragha (2, (@), and (9 of Sceection (A) of {Gis Scion wach the val ofeach part bare he ‘Tlascfhi cote prom ots wherever ctuatd: 0) Property Previly Tamed. ~ x4 “1 Tranfre for Public Uee. ~ To exaust fatten, agacen devin or tana to fo {So om of the Govermacnt ofthe Repu ofthe Peiipines cr any pole ecbdviaon tret, fr ‘claively pac purposes. 1 Share in the Conjugal Property. ~ The ot share of marviving epouee i the cogs ortcaip operon dimiad by thectetoon Fropety charges teach property sal Sr the ‘Perposof te Seton, be detected from the et Teach dovodent. Wo Tax Crodi for Estate Taso Paid to 0 orden Country. — "(Be General — Th tx impueby this ‘tle abe ced with he aout yeas (impooed bythe ater of foreign cory. “(0 Limitations on Credit. — The amount of he code aloe under thie Socton shale eobjest {oenthof ir Sallowing Easton: The mrt of hardin repetto the ‘ax paid any ony sal oot exon te ame ‘ropartin of th ex gale which wich di 8 ‘ie, wish the eden onto end within tech cron tambien ha Tide bur to hie Se et eat ‘The tcl amount ft uit shal ot exend tha ee propertion the tax agit wie ‘Sec. 24, Section 89 f the NIRC, ne amended, a hey soled. (820, 25, Seton 90 ofthe NIRC, an emended, beet, ‘hater tended eda lowe Bre 90, Beate Tas Return. = ‘pecan fr in waar lorena therein the Iname of the eaneforee, te execnter, or the ‘dminnrator, or eny of th gal br, ho caso ‘aye, shall la retura under onth in opie, tng eth: sw xxx toa0) Sock prt of uch internation sey at ‘tetine be anertitie modanch pylon a, ts mayb nocounyt cabs oe crrect tae “Provided, howe, That ett tax returns ‘Sowing a roe als exsoeding Five malice pe (5.000000 silbempperted with statesat Sly ‘certified to by « Certified Pablie Accountant ‘Sinng the billowing: sox “Time for ing. — Por the porpos of eterniatng the sae tx provided ra Section 24 ‘fied, the ott tnx etn rid ter Un ‘receding Subsncon shale wai one) ‘ero the dacdeat death ‘S20, Secic 8L af the NIRC, se emendad. a hereby ‘ther amanied to read flow "BEC. 91 Payment of Tax "O) Tine of Payment. 225 "W) Batension of Tine 222 sexe “{O) Payment by Inataliment. — Inca the avaiable cash ofthe sta netic Yo py the teraestats tax doe payment by iaaliment hal ‘lowed within tv year rem the staratory date feritspayment without cilpealy and intere “W Liat for Payment. — 22% set ‘he time of withdrwwal by any one of the jst ‘depasors aa each weston eller oath ‘a wil dpoatorn” nc. 28, Section $8 f the NIRC, ws amended is bares ‘eather amended tread ello “Bec. , Rate of Tax Payable by Donor. a General. — Th tax fr gach ead ears esx persot(%) computed on the bas [tthe ttl gifs in exer of Two handed ty ‘ocean pore (250000 exept git made dug, Mocalendaryeat. -W) Any cntcibtion ncaaherin hind any ‘candidate, plitol pty or oaiton of partie fr ‘cznpein Purposes bo yorrnny the econ (Code soem” Suc, 2, Section 100 of the NRG, et emenied a heey farther amended to rd as Soowe:{pandas incded a xmpuing ame tf gia wade Gating the calender your: Provided, ower That oa oxcangs, othr tena of ‘property made la Sus odinary couse of Pulses (Giranmcion which sa bons fide ot ars length, {hi felon any donativ inten?) willbe conned te made for an adoyente and full emaideratioa in ‘Boney ormoney worth” ‘i. 30, Sction 10 ofthe NIC, a amended is hepiby ‘uctior amended to read lowe wa8e. 101. Enemgtioncf Cartan Git, — Tha {slowing gifts o nations dab exempt he {sponded Sorin thie Coat “Wy Tithe Can of Oe Mode yo Resident. — Gita mada nor be tse tho National Government ot ny entity created by any of its ‘t school, cologe of ualveray andlor set fu. 2, Section 106 of th NIC at mended, eboney farther emendadto red sa fllowe "Sec 106. Value ded Turon Sleof Conds or Properties. ~ hy Rote and Base of Tox ~ Taare salto ein somone eel call coer sla be sechange of gps orpropertinn valoda x ‘Satan tree pron (120 of pros aling [Bier gree rarinmoney ee rlncr popeon id bartered er hanged uch xt Paid emir tenceroe corer “@) The flowing sale by VAT-zgintored perso eal ebjoct one perent 0%) ee “eo ort Slee. ~The arm ‘export ale? Q) Thomlosnd coal samen dsm, ‘the Pluipyiee tos fareign our. eempectie of tty ehipping aranqument at maybe aged pan ‘Tick ny infieacs or determine Sh tanta of ‘roe of he gods no exparted and pe fir in (Saepubls reign currency orogens in galexseriosand seemed ir in scrdance with tho file and regulations oft Beaghs Soot 9¢ Pilipinas GP “Sate nd dtrary of reat “6 Regtoredentapracs within a soparato coms troy ex Lovie wer pecal lwsee “Ci Registered enterprises within tourism sntorprise sense a2 declared by the Touram EA) Proce Tat xiparagagtn @, (08) ‘ard hal be bjt th Bete pret (3%) "ahne added tert solar cmerel expert “los sae mao pernst (39 VAT rate won (Steam ofthe lloring noone “Whe snccenful establishment and of eenhaneed VAT ein eit ‘Bat grated of eretzablo input tax within ‘inty (9) days rom the ling ofthe WAT refed {pplication wih Uae Baro Provided, hak, to Arormine tefl fem ol applica Sled from danony 1, 2018 eal be prosened 0d ‘tdci canner 0 dayne ie Bing ths VAT refund appbeation: | a) A ponding VAT refund cls oof ‘December 11,5017 shal be fly eid in cash December 31,2019. “Proied, That tha Department of Fame haces « VAT seen onter inthe Daren {exnl eren GL) een he Borst ofan {GOO thal wil handle ha promot nod emg ‘eas rfendacferedtalielapes tax hn amount equivalent tv peront OH) ‘hotel VA collec ty BIR nd the BOC from (Ge emedialyprostng er tallbessoetenly {Sopropratedsanaaly and shall be treed = 8 ‘pein scoot in the General Fund or 26 ‘oobi or the purpose fading dams fx VAT ‘funds Pride Pat any uamsed fd tthe end ‘the you hall revert tothe General Pan‘Sarge ouch ecto be pad ty thoimporter poe {Se sakams of euch prods fom clon custody: Provided, That where the custome dutiae are ‘Screrminedon thrbaisof he quantyerraloms of (So pods the valteedded er shallbe bandon the ‘edo cot pase tra a. [W Tronsfer of Goode by Tax-exempt event, EEE" ‘nc. 88, Section 10 of the NEC, a senda, i ery Sorta seed read nfl: “800.108, Value-added Tox on Sale of ‘Servite and Use oF Lease of Propetien. "A Rte and Boo of Tox. ~ Tho shall be levied, amend tnd calocted, a valued tax ‘aivdont i fave perma 129) of enarecxipte ‘Seived fom the silo or exhange of eervicen, {nhaing the uncles fropertin, sn ‘Seems rom oe place inthe Paippes bo another ‘lace in the Phlipyinesealae of sloceiity by (eoeration ospaie, remem by ane, Dd dntibution companies, including elocte ‘Soperaive evo ol cin renianf lace (Gilden pier en elope ndtv ‘endonting dol thax machin rete gt {Une under Seti 119 of hie Code amd woe {pruruce compan (omg rp inane), ‘ncading wary, Giekty, indemnity sod bonding ‘cmnpaniag and uno sevice regarded whtboe te tthe performance ara cla fr tho exorsoe tre ofthe phyatcal or meatal facutie. The ing te etanes od ca ow 0) The lane cr the wan oo the sight eiiags wo woe way compa, patent, din ce Tolel plan, scree formala er proce good, ‘ead tne roel orathere ropeny oe,0) The ene cr the mn cf ete ight to use ony tata emmmercler miei equpaet {0 The supply of scientii, technical, ‘nse or commeral wieder iration 1 Tho supply of any ncitance that is f rental era, inchuog tn umount charge or ‘ate ppl with evn a ape ‘Siren pagent cual cramer aor ‘Sing rab quarter vine proce (tobe peti far another perm, ecadlng "elewing Phiipyine by VAT cog pres cali aft tos perent OW) rae “10 Preceuing, mamseturingorepacking onde far other peso deing bine onset FPultippine which gods — (where eros te pd rks pomp ei: ‘Sarecy sd sosanind fra anordane withthe {alee sad reguatons of ie Bong Seatal ng ‘Pilipinas SP; 0) Sari oter than howe matin the preceding paragraph rendered a peroaengaoed {turned out the Pippi er ‘oureaden person not engaged in busines who ‘tele the Philippines when the exrviow we ‘perfoed. the ecmsdeston fr which pad rn ‘eoplae feign curreny and scoured fo ‘connate wile ruse tnd ragetie othe ‘Bangle Sental ng Pilipinas BSP), “(Services rendered o poreons oxen ‘whose cumptian under spc nwo ideratina {greementa to wich the Phlippine la ieaatery ‘Sininy eben the rol och erin oe pero O90 rt 16 Servos rondaredte person ngngnia smernstinal cigpng criterion er epett perl etna namect oper rw are ‘Bowaded Tat the serve Shall be cave bt ‘ntonutinal sipping oer waneport operoos,10 Services portamed by muboontractors |Ramuacering on for ance wits ener ‘Ses exed erent pereat (0%) ea eal 1) Teanepert of pacers sod cargo by doweticir or coe wns rom the Pilipinee on igang end “Sale power ofl gonested rough 1 bec ech aoc nd donee {implementation of an cabanced VAT rind apr that grant efuade of eedable put tax within ‘siney (0) days rom the Sing othe VAT refed ‘pphaation withthe Bure: Provided That to teie te ofthat ae 1 appetone ‘ed om Januny 1, 2018 call be proonwed nnd ‘ented a spec scout in th General Fund (trate arte pepo offtig liner ‘VAT Refund’ Provided, Tt any waned fd, ‘Beend afte yer shall vero the Gena Fund. ‘Provided farther, Tat tb Bal ha BOC ‘hal be required to sub vo the COCOTRP « ‘qnsery mp call ponding ain fre ad ‘Eyumed fond” ‘Se 4, Sot 10 tha NIRC, 2 mended in berehy ‘rther amend toad aa fllow: “Bec. Ith Bzempt Transactions, — (Subject the proven of Subntion Berek {hefollowing ansacion ell be exmgt fun the vale aed te “Wax ‘win oun7 Lene ofa residential vat witha monthly etal otensoding Mien thon psn P1000; “Bo Sle, Spartan, printing pboation ot baks and ay arvepeyer, magatinn rove or ‘allan wich appere ac reglarinterrla with ed ‘ries or mubocrpion snd sale and whsch is ost Uevoted principally tothe publication of paid ‘sretoenents, 76) Tramaportafpmeeagen ty ntenatonal CD) Sale ompetatin or as of panonger or cargo vosonle and sire falading engine ‘Srutmant and oars parts hereof foe domestic or ‘Stematenal treme operations 1) Sateen gona end oer tomar cited prs wih diy, nro der ‘eye Ad New. 004 Ospanded Serioc itseae ‘Acetate 10754 Ac spending the Bent tad Priniogee of Persota With Disability), remain “0 Tranefer of property purmuant to Seton 1) ofa IEC amen C Amociaton dua, member foo, and other aasesamenta and charges collected by Roueewsers saoriticas and eondominin expasioon saya of gold to the Bangko Seatral ng Piipinas BEE), AN) Salsofdrags and modicins presrbed for dabeton, high eboastero, and hypertension Tovining Seman 1, 2010; and “GE Salece ase rd crprepertion rin pevkorane serves ther Chan the tansetion Tentene inthe preceding paragrapn the ero‘8c. 85, Bacio 110 he NERC, an mended, a ery farar amend bred anfllowe 910,130. Tax Oradita. — Wy Crane Int Ta wm re ‘war ‘want “Provided, That the gpxt tax on goods (lprecintion ln allowed dar tie Cole shall bo \gevaderenly oer Go month of seguition and the ‘iiy-aine (60) euceding moc he oaeerin ‘tcquinton cot fr ouch poode wetting the VAT ‘ponent thereot exceeds One million pesoe (1.000.000): Provides. howwoer, That ifthe ‘timated ofl if the capital otis lew ta {re (yous at ot or dopreciton purpore thet ‘Se put VAT shal be spre over sch a shorter ‘etd: Pooled, further, Mat Uo amertantion ot ‘Belay VAP challony be allowed wnt Decomber ‘1 208 afer which taxpayers with ued input “VAtTon capital gone purchared or npr shal ‘owed to ape Ge exe a odd nt ly ‘tltned: Provided, finaly, That in the case of cee of envi, one rn of poperig the [apo cnr anal be crete tothe percha, lowe ‘rfenape sponpuyment ofthe expansion, rental, ‘eplyerto. tot ‘sec, 9, Seton 12 of he NIC on emma ere tatber amended red efalowe: ‘eu, IR, Refine or Tas Crit of Eat Ware Wass 50 Period within which Refund of Ings ‘Tose shal be Mede, In proper cam, the (Commiodoer hal qe refs crab ‘zen whi winety (0) days from the date of ‘onisn fie ial eis einveies od ober ‘Cecumante im uppet ofthe application filed in ‘sconce with Subsections (A) and (3) bere: ‘Provided, Mat shoud Coe Conmasioner fd tat (Bo grant red int pepe, Coxainer ‘as oat owing th lnga nd factual baler Sania, “Yncemofilor partial dena of th dime nxn fe npr ltd ay, wii iy (G0) yeti the etpt ofthe deco dering be ela topo he dein with the Cour of Tax ‘appeared however That furan Pert (yea ng cr empope of th Bo chon, ‘Seppe win tet Obey ed sal bepraiable under Secon 88h Gos ae ‘ec. 87. Section dof th NRC, ms mended barby ute amended treads follows: snc, 114, Return ond Payment of Volusadded Tox - “U0 In Goro, ~ Brery person ihe topey he valde ox posed der thin Tile ealtax imposed in Batons 106 ad 108 of tie Cals, dod und withbold Gl vals added ts tt ‘ue fe prent OX) th gos payne Cece Prosidad Phot begining Janay , 203, ths VAT tbelding eran under is ubouton bal , [ren final toa reableytom: Provided, futher, ‘That the payment weer woe of proper ‘property sto none ce sal bee {orev percent (290 withholding taxa th ine ‘of payment Provided, ally, That payments for ‘perdaee ogee nd rice ising ea ec Eady Ota! Dorlpnont Amit (ODA) a defined ter Republe Act No. 8182, otherrise ‘Stown sh Oficial Deelpment Amitance Att 13000, an amended bal not be wabect tothe fal ‘ntieLling ar pein imposed mt Scoot For purpoct hs Saco, dhe pager or person in ‘orl ofthe payment shal be consiered ax the ‘waning eget ‘all be exanpt from the tos paeont G™) grt oe y ‘980 9, Section 127 of the NIC, oe amended ines ‘eather mended red afl: Bec, 1. Taxon Sale, Barter or Rachonge of Shares of Stock Listed and Tre though te Yosal Sich Rechange or through Tatil Public Offering. = “Wy Tas on Sole Barter or Rschonge of ‘Shares of Sok Ltd ond Traded through the Lol ‘loch Excnge,~ Ther shall be lvld,amenel ‘sadcllacte on every ol bri exchange oer (Epi abv ce td trae tong {he loa! cock exchange ther than do ae by 8 eal weutitio oto he rat of S-tnne cf ‘oe prst (W101) ofthe ree welling pein tose value fm memey ofthe ehares of tk eld (Rotecal expan erwin dione whic bl ‘opi by tha olan ornare. sox?‘0c 4, Section 128 NERC, as amended io eky furderamenied trod xf: Tino. 128. Returns ond Payment of Percentage Tse. = wae ‘was 0) Perwne Retiring from Basnens. — x5 "0 Determination of Correct Soles or Resists = 2 EE ax" ‘Se. 41. Section 122, Chapt of Tile Vf the NRC, 0 cmenod is horeby farther amend to reat auflowe: “TUT VI-EXCISE TAXES ON CHRETATN “GOODS AND SERVICES “CHAPTER 1 -GENERALPROVISIONS (2,42. Seton 146 of the NIC, an amend ohare ‘ther amanded red ae owe "Bao, 4K. Cigursand Cgorates, — 1) Gawe. - xxx “W Cigretes Poe by land. ~ There halle vied sooened end called on cgnetne ‘ck iy hand nn caine tx aed on the following hedaler “Ritective om January 1, 2018 ontil Jae 96, 2918, Thirty-two pose ad iy centres (Peasanper peck: ‘Ritecive on duly 1, 2018 antl Decenter i, 2019 Tit fe posse (5.00 per “Rffective on January 1, 2022 until Demsaber Si, 2088, ery pee 40.00 pr pack “Teeter ig under hi moot “Duly registered cigars pack by band ‘dalonp be packed in tren ed ar packaging ‘combines of not more ttn trenty."C9 Cignrtne Pose by Maine. ~ There hatte evn, sonewod encod on igetine ‘eckoiysnacoe tora tierateposbed tow? ‘Bifechive on January 1, 2018 until June $0,201, te tax on all peeing poked by ‘chin ballbeTirty-o pene ond iy onda (a2 per pack, ‘Rifective on July 1, 2018 until ‘December 81, 2019, de taxon alciaretia pac Spas seb Thr rr 80 9x swétectlve on daauary 1; 2020" until ‘December i, 2021, te tax onl cgartis packed ‘iy mochine tall be Try-ovrea pecs and 85 ‘aston (P5780) per pack and ‘Bésective on January 1, 2022 until ‘December 3, 202d tx ol pret pacd ‘ypmachine shall be Pert peane 4000) per pack. “Tn rucecfte nosed unr his Sittin ‘nc 42. Section 148 of the NIRC, os amended. ‘aera frteramandod to ead as flows: "200,148, Momufacturad Oils and Other ‘Fade. There shall be collated on refed ae ‘nomciactared mineral sla snd moto fl, the {Blowing exo ame wich ball aia othe ode Dorota emai anton anny ae neice sora ‘Sbsoquentiy proceed, rained ores all Sms bo ely te tx mpewed ed hi Sam “Wy roomed on perhiaraf ame cpectr, Bight pee PO: "@) Weam and potrlatum, per lberem, Behe pene (PAM, i ay haben sabes be Ex herein prevribed. For purposes Subescion the remeal of danatared ale oot lous han one nda cighiy dagrees (90) prot (ainoty parent (903) abwlata alba) abl! be {Coats bere ben rove or madre pores, ent Sowncberviog 0 Nepitha, regular gaclnn, pyrolysis cline and ther sniler products feito, fer Hier of volume capacity. Seven. evo Poo) Provided, however, That naphtha andProdacia of dition snd forte olay fr ‘Production of garline shall be exempt fram exe {ie Provided, finally, Tat th by prod inching fon oi, dloel fu iarowns, praia gaan, ‘ued petroetn game and snl ol aving ‘ors o las the sme generating power, which ae per Ber of vam enpaciy, Two pes aod 7 Cee; 50 Liquefied perio ys, poe Wagram, (On pou PLN: Pred That ed pte, (garhea rod ta ru matecal inte peutic podaca, eaboc othe run ane to be paneled bythe Secretary of ‘isenon al be tod ear (P00) pr Blgrat: “Provided, fly Toate petro waar moive power tall bn a ete egret {alas thei taxon deel Fn “Wp Aaphain perkiogram, igh px 8.09; "ker foto, and on sim fel le Ineving ar or low ht same geese POWEE P= [ine flume capacity, Two pers an iy cmon (dO, Prova, owever, Tat the extn tase ‘eld he pursed mses rani) odin the innulswure of excels eros and feming prt ‘Dereof dl be crotited agune the eve tx dot *heeetnay and sa) Petre ck, po matron Tw pom sd fi contaros (PL30). Provided, boomer, That ‘onotn co, whan wed a fndck to eBEPOWEE ‘roaring fan, permet bn, eo 20.0. “BfletiveFannary 1, 2019, Se), Laecating nd ean bt ot nied to bane fr Ibo ead res, igh room Gtliotngeromaticextzecta al os (Sr pcpereon an nts niin le (Bal grea, whether rch adiives ee pti ‘sod or not pore and logenm,oopectvly,o‘pido hese emt sls the {ax herein proscribed. For purpover ofthis ‘Subsection, the rexoral denatured scale not Joos than cos hundred eighty degree 180) preot (Ginety perost (90%) abealete senha) shall be ‘Somat ple bon renoved farmivpowe, ales ‘shownctherwie: not tn nda prec la, ‘er ler of volume cpecy, Ton poss P1000 ‘ppb oxi tx soci in thin Bat exept ‘when och by pradact are trantered ay ofthe Ica el refineries throug sala, barter or chang, {Er th ppoes obtharprocming Hendin io ‘iced prod which ee ult teeta oder ‘Secon"0 Unleaded yee puting, per Tr of yl capacity, Tepe (P10; “Wo, Aviation sho etfs aviation xa, por nr of vtame expay, Post posse P00} “i Di fon don iia tl sn ‘beving mor crib dhe ims geceatng Wer Per or of vane capt, Spon 8.0) ‘Provided inal, Tat esind poten ea aed {Srtmtie power shallb tre a a ogrlent ala ‘i dancin non dna elo “ Asphalts, per kilogram, Ten pesos i009; Bunker fol ol and om sina fol cle ‘ving tor or loa he sams grcrating Power Per ‘ref vlume capaci, Sx pe (P.0: Provided, ower, Tht the exis tae pai en the perched, ‘esos unk) sed in the manuhacrare of (acon aries and fixing part Carat dll bo (Sodined guinat the exo tax due eee; and “ey Perle eke, per metzicton Si pase (@e.00) Provided, aveer, Tat, potrlonen coke (rnc teed an fndaock any power Gemerin [etity, per metre on, 200 0.00, ‘Totelpen protec ebatng sap, LPC, etalon nk ster ol eter prec TiS when od an pe dato err ‘Retell in Ue mamuactring produced in the processing of mabe tate [Petrochemical protace tall be eabjct tothe ‘plisleecie ox pecan a Section capt ‘Mh ach by-products ae tranaired tary ofthe Teele mincrce hoo el, berter ar exzhangs, the pep offentorpromesing or tending ao fihod pect Wich eee einer {teen “Fer the period covering 2018 fo 2020, the ‘rheduldirvomn f cx ax on fa gone {tis ocin halle eupeaded when the eg? ‘Dubai ere ol pice band on Meas cf Patsa Bingegore OLOPS) fr tres ant ye tthe tebeltled income ofthe maatheaches or exceeds agydalara (USD 6) per bere.uc. 4. A new nection designated at Section 168-A ‘adler Ghapta Vote NEC, as mms, here nat ‘read lore [SIO MBA. Mandatory Morking of All ‘Petrol Products, ~ In accordance with Tae fad regulations to be inmund by the Secretary of “Ga Aomori or Dain of he cls pee wich omen oe oe ‘Geimacier vic aah he Site died ees sneptbe pom ‘peared Se Deretny of isms of ‘Tilomecomastorn tie veniona on, ‘Sender ey nts hr elon on Sonilatt fae anftces altered Socias were adswe wiht eto Sate pt et end ee 1, The noe of freudulent markor nthe pet prot all be naire prima fc ‘rides tat the sue hve oon withdrew [ported without the payment of tres end duties dea thenem 7 Rugagement of Puel Merking Provider. Tha goverment al engnge cow fel ashing ‘peration of teting aie that re carted to Boras; @, Alone pertaining othe proce of ‘eof fal martes shallbe bras bythe eer,{bolo eqigmest whic wil validate and eotre the roma of tho Gad tot, Ut e immediatly ‘roducte in an acrid vningfcity that ‘ortlied to TBO 025 ‘,4b, Sach 48, Chapter of Tite Ve the NRC, ss amended, a booby further amended to wad flows: “CHAPTER VI- EXCISE TAX ON MISCELLANEOUS, “ARTICLES “S20.148. Automobile. ~ There shall be levied mead and colloced nad lorem tax 0 asiomobiles based ea the manufacture’ ot [pewter en tc cc od vad {2x inemdnos wih the flowing eden: et Sema 128 a meet a ‘ote tig ce op he hdl em eos Pe Pore) "Oe i ee mma pve (Gem oOo ne meee are) “Ort Ontos ym 200.080) ‘eens poms P0000 Teatro “ee Rn nition ra (40000) Pyro ON) “Provided, That hybrid vehicle shall be bjt ity pomnt (8%) Uh appt ein {Sr rates oa automobile undor tia Section {bx xpos of Aa, aes, Crack, CEP Y=DA, Joqpaeratneyney mtn engi ab asin and ‘recia prpin wehile abel not be cosiderd at pom50. peony pepocy mbit chall nen |20c. Aw mtion digas an Seton 0 Avnd (Chapter Vi Ti Vict NING ov emecded nba neortnd Srealeeowe “0c. 160A. Mom-mentlServiers,- Teese debe vd mee a cbc a teint {pfivepernt Gud on ogee dxired {rom the prbemanes of ervice,net of ee tax oi aba tone {the Nate Heath incre Program saline eabjct i tint” {88 1. Anew ton dian an Satin 80-8 wer Chapter VL Tit I tbe MIRC, m= mendod bere inserted ‘orepdesBllome "S00 150D, Stesenad Baxrages. — “) Roteond Base Tax - Rive desnary 12018 0) A tar of Six poe (6.0) pr liter of ‘lume capacity ahall be levied, anaed, and Teleco orestanod beverage ing ee clo0) Shocctened beverages (SBa) refer to oaohalic beverage of ey conminaion (ge, ‘ower, or cmemaratea) Ua xe pro-pesged nd Gralod in secordanee with the Food and Drag ‘Al mie products, indating pln il, ee ‘powdered mil rot drink nil ond Reed i, {he gai routing fom th rstration of wa 0 {rend tural fv tat donot have added ‘iguror calc ovotener 0) One Husdred Perot (100%) Natural ‘etal Jezne ~ Orginal ged rong from. {he peesng fgets te iid evling“O) Duty of the Commissioner to Ensure ‘Payne of Tose. ~ Tt shal be the ay ofthe ‘Commision, song other tings, to preszbe 2 materially unique, sscure end oonremovable Hlemtication, auch an codes, stampe er other ‘Barking tobe Gonly snd amopimamealyofzed fd form partf tole alles wentned ‘evesr ‘Sec 48, Section 161 ofthe NIRC, es amended, iahereoy ‘tether mented wo redex fllows: "hee, L6L Mra Products, — “W) Rates of Tox. Thar shall be loviad, ‘sxceotd and calcd on miners mineral rode (tnd quarry rewtrons, cin tb follow: 0) On domestic o ported coal and ek, ‘novithatanding any incoties grand inexy lew ‘repedal aw: “RllctiveJanary 1,201, ily psn (PE.00) permetietom “Btective January 1, 2018, One hime pese (7100.00) permatzieton ad ‘ettective January 1, 2021, Qe handed ity esc 160.00 pr mtn. "O) Onallnanaetae minerals an quay sour, «tax of four percent (4%) based on the ‘ctl masket val of te roe utp Chee! atsecuraaly a2 poable Ge volume of petrol, roduc imputed bythem “Thinroinmantahallbocompd wih before ‘emmencment operstamm «Se! Secion 17 tthe NING a einnded i ery" ‘arthoramenied tread allows, "320.17. Authority of Internal Reverse "e) Banda Sold testing dal bo enc ‘nthe prmace ef evens ot Cnet eer fal ‘marking oir, end hwo repreecatve (Tike owner atte fal tobe tenis Provide Tat (Sremployesignd cr working altho place where ‘eran fll ets cballbe doen an _Sahaiandpresrativ othe owner: "WAIL Ged torts ballbe properly Mined or ‘eo tapad and documented ee roost” ‘51, Seton 174 ofthe TRG an emended a harahy ‘acter emended ead a ellows [Sac 114 Stamp Tes on Criginal ame of ‘Shares of Sch. — On ever galas, whether ‘on orgenianion, rorgnaaition or fr ay lft‘ec 64, Seton 178. the NIRC, a emake, ae ‘farther menial ord Slow [Bec 17S. Siomp Tas on Banh Checks, Draft, Certificates of Depot not Dering Intro, ‘end Oiler Incrunents~ On each nk chock, ‘Eat, excrtficae of dopo ot drwing area, er order rth papmeot fay mney Arn, ‘poriorlanued by any bon, rat compen, oF ‘pene erpemeoms companies operation aE (ron demand cbr call lected a doraentry ‘amp tro Fae pase (PRO) ‘Sec 6. Seton 17¥efthe IRC, es amented, ia bey ‘thor amended teed a lowe sec. 170 Stomp Tar on AU Debt‘a. 68, Sutin 180 of be NBC amanda further senda orate ome ooo 10. Stamp Tar on All Bille of LBachange or Drefte, On a ala of exchange (Getwoen ponte within th Plippines) or data (Stunts colleted a docamantry stamp taxa ‘Sing ceutevo (060) on each Two unr pee (F200) orfnctional part hres tho face valve Sc. ST, Section 181 the NIRC, at eende, bere fetter smandad reed at lows: “Bie. Stamp Tax Upon Acceptance of Bits of Bachange end Othere. — Upon a5 (eceptnenorpaymet ea lla esibangs oer forthe payment money purring ob din ‘Sheet ctr et pyre a Papin are (Shae cellored a documentary samp ext Ssty ‘otros (P.8) on ach Tome pee (7200, ‘rfnchonal pct nceot f h face vale of eck bl of eachangs or onder, r the Piping (Sreralaat of oooh role Af expromed in foreign ‘5.58, Section 120f the NIRG, ae amended, a ber futher amended oreedantoliore: sro. 182 Stamp Tax on Foreign Bils of Exchange and Laters of Cred, — On al fei ‘ilscenchange and iano rd Gncading oder, ‘by thereto there, fr Os payment cf ote Sand by expen or tochip compen ry 7 ‘ern x parsons) drawn nba pea ot of ie Fuilppinerisasetofthres (3) ermore soording {Be tsa of merchants at bank, er aalbe tele docementry samp tx ty cetavee (@o.c0) on each Two iendred pewoe (P20), or ‘racional pat aoa, oft face vaio ry uch ‘illeterhangserleter of ud or the Phitpine fervent of oc alu expend noeign ‘sc. 62, Section 18cm NIRC sn mance earey ther emaniod ord afore: aac. 188, Stamp Tas on Life Insurance FPetician, — On all pois of ingaranc or other {nosramenis by whetarer name the same may be ‘alled, whwraby any mewrance tall be made ot ‘eed apn ety i ve hee dl cali ‘Tooe ime doomentary stamp txt te fllowing ‘Ae er nemo tt et aoe et "sont ens ete Piney esos mcecmmsenonaee ah “inant cana de Eavereriert ToT “in acetone Festa bc ine sacs PIER “ee ent orn mene Pronaorterinw mcemaPLomaee Piste ‘At mer one edt Piao ad ‘Sec. 60, Section 186 othe NIRC, ss minded, inhereby ‘ctr amended tad a Sore BEC. 186, Stamp Teo Poca Anton ond Pre Need Pans, ~ Ona poles easton, (Sethe instrument by whatever namt these {Bay be call whereby an emncty maybe made, ‘atfered or dann, thre chal be cob 8 Aommentay amg tax cf One pon (LOO onach ‘Twolundd pens (P00 or cto prt hawt, (ithe yeoninn oriowalinent payment on contact ‘eile. On pr-ood plana Ue doourenery ‘emp tax shall be Forty cmtare (F040) on each‘Suc. 61, Setio 16 of tha NIRC, a manded inberehy fortes amandadty read en lors [$10.18 Stamp Tas on Certificates, — (Oncaea of damage or earn woo (every other certicate ar document inued by any ‘hata aficer, marion sare, or othr pen ‘cting en rach, sod on each cnn ond 1 8 ‘Rotary public, and cn each eartificate of any ‘enxipta required bylaw ory rule cr eplaticns ‘fa public cr whch anced for Ue pros ‘diving information or enabling prof ef fat, {ind nut othervise spectfiod hacia, there sal to ‘lected docrmentary stag tax of Tay Peo ‘Seo, 62, Section 80 of the NRG aa mmended a herhy ‘sete amended rad lowe: “src. 1m0. Stomp Tas on Warehouse Reeiges~ Oneach warehouse renpt for rope ‘held fm etinage na public or private warehouse or ard fx ey poor er hand rope ost Warehouse or yard, there ball be calected « Tocumentacy amp lax of Thty poo (P0005 Provided, That no tax shall be eflacted on cach srarohouse rest ise bo my one pera in) ‘r elondar month covering property Uh ale of ‘Th dosnt exe Two kudred pase P20 ‘580.63, Section 190 fe NIC, na amended, a hereby ‘ether mended to read aa follow: “B40 100. Stamp Tus on Jai-lai, Hore ‘Roce, Tckets, Lat or Other hutbrised Numbers ‘Games. ~ On each jal ore ace tka et, ‘roth auboriandmunbers games, thee alle ‘Sete a docamentary sept Twenty ev (P20): Proce, Tat ito ot ofthe ska ex ‘Son pon (PLD, a lita tol Twenty eat (20.20) every Ooo pos (P00), or roa prt ‘area shalbe ccd” Sc. 64. Section 191 of the anne Code, as wend ia heey farther sented ed low “Sue, 191 Stamp Tox on Blof Laing or Receipts, Om enc at hill aig crept (cept acter prt) any ed merci ‘tinct shipped from ene port or place in the ‘Puippince map on Srna comer orang ‘brega pore thre sallbe called a decumentny stamp tax of Two pecs (2.0 te va of och {pola cxses On ened pet P10) wo doo ‘teed One thoweand pon 100 Tweoty peo (a. sf the value enreod One thomsen yee (P00: Prvided, howe, Tht fight tke Covering gueda, marchendioe oe facts eared ‘Serpent begga psoas onind aod mer ‘carne primer engaged in he tanporiaton of amengeceare bere emagt ‘56.65. Satin 192 the NIC wa emended shee ‘tnther amended red nll: 0.06, Section 198th NTRO, sn mendod hereby further monded tread as flows: “suc. 198, Stamp Taxon Pauses Atoney. 0m each powes of store to perform a act ‘wiatsoper, mp acted wih the colton ‘claimed om or scrung to the Goveromant of ‘Se RaputiafthePailppine ore gorecamant of tty provineo, cy or musicality, te aball be ‘alloted a documentary samp tax of Ten pee ooo.‘nc 67, Sacto 16 fiw NIRC, es amended, sheng ‘tether emaniod treater ws: yaa 194 Btamp Tas on Lases ond Other ‘ising Agrooments.~ On euch lowe, agrocment, ‘memarandin, or omizet brat, wv ort oan [ins rteomoentn or portions Carat re shall ‘Ye coleted «documentary sap tax of Sx oot (Gen rth rt Two thrmand pen (2,000, cr ‘actional part thee, ad un nical Two pros (200 for every One Unvasand pen (P1000) ot eacional part dro, in excess of Ce Brot Te ‘Homand pons (P2000 foreach yur of treo sidney oragrement” fc 68 Seton 16 te NING wend ishahy ‘tether amended rade flows "Boo. 186. Simp Taxon Marigngs Plies ‘and Dei of Trust ~ Ox orry moxigag er Pedy lad xt, o popes, lr pone bee (cmoreile, whatre whore th mmo eallbo made ‘a cocaiy foe tn payment of any definite and ‘tain um of ona en at ht provi ‘he and owing o frbras be paid, ing pee, ‘snd on ny conveyuceofland, cota, x Proper ‘whalacover, in trot ort be ool, or other ‘Sruverted into money which salle ad intended niy as curity, ater by expresrepoltion ‘thorwie, there abl be clecd «documentary ‘tamp tax atthe ling rte: "e) When deamon wosed downs ced ive thoomand pct P00 Paty pce (40.0). a (P00) an adios ae Twenty ene (P20, 00. ‘ec. €0, Section 156 he NIRC semen, inhereby ‘tutheremundod torent stows consgpnc tad Bon of al Pre ‘and Donation of - ‘Onli careyancn auton, end inatromeniy {weiner thn gen petels ga (Sheree ntti andy be Gorseey Troameer, oer roams cfnm, ‘Su ecccarnett rolls or cer vllable some of {nbmamation, nwo the property fa ene mart ‘value ened calc the propertaxthereca ‘S20. 70, Soon 197 ofthe NIRC, ns amended is arsby ‘axthormueded ted aafllowe “0c. 197. Samp Tax on Charter Partesond ‘Similar Intrumente. — On evry shacter pany, cores r agreement for Ue charter of any ap, ‘Yoel or streamer, or ony bier or memoranda ‘ther waiting between the niin mateo ae, “trothor person sting a8 emo ap, rl or ‘haser, and any other pwn or per for oF lating to the darter of ony enc sip, ena ‘Gore chile cilced a doamentary temp tat ‘Sellowing ate “Mite regione pom nag te sip, ‘ymel or steamer door et eased ose erent {C00 to, end Oho duration of the darter oF ‘conrnctiee ren x © ma, Oo tamed ‘pom (PL000, end foreach meth reaction aa ‘mouth inenzos osx (9) mtn sao tx (One ncred pene (PLO aa be paid "0 Ite repatre gromtonmage eased ne ‘oud (1,000) tons and dove not exceed lon ‘Soupand (10000 tous, andthe duration of the harter or contract doesnot xed ex (ment, ‘Twothousend poe (P2000 en fr each month ‘Seton of month fn exon x (month 2 ‘2hiinal er afTwo hundred pose (P20 bal be pt 1 ltéwreiatoe gromtonmag excads ion ‘ousant (1000) tons and te duration of the ‘Surar ar tntrect done not ened wr) onthe,oon sd to Register for “(@) Pereons Requt or 0) s22 io) in gro sales ce rocspta for th past rete 2) mnt or hn we that ee emt ‘Soe Secon 1090 to BE), exended we ‘allen pro (00,505 0¢ ip) There ae reasonable wounintobsiove ‘hat his eros elo or ooupa fo he next tree (GD maake aer toma we tt ew expt under SES tito GB), wiles Tes loo poms (00,000, Provided, Thas any pero taxed wader ‘atin 950060 and DUAN) iw NIB ive tpey vig pret OO tae Siserrecupisdhal tbe allowed toured oftiie oo For perpen of Tae IV of thi Ooi, 029 person whe bargin valued xe tt em acorns with he prions ofan (G toreot calle seeredto an VATceiteed Dero rho all be asgned only ooo Taxpayer Tatton Naber (TN: soe {850.78 Section 27 ofthe NIRC, a mene, in beret shuteramendod zed as fellow: onc, 21, tone of eis or Sales or Commerciale. “Uy Iamuner. — AIL perenne m2 Antero xl tbe poi ofeach ale{sewed tothe purchaser, cote o iat at tbe {Sethe tronanctin nied ho, engaged Ipsinss one erie of profane Lop sd preserve the oume in hn plaos ffmaieaa fr 8 ‘prod of three) years rm the oe of a re Josrin wach ch var rsp was ian, wile {Sedat cal be aptand preva tau, ‘lo im his place of busines, for « He period: ‘Provided, That cae of elecrone rein lat ‘rcommerdal ivan digi reared ae ‘Sale hapt bythe pcr, cmsmer oe cet ‘tthe err ar ha came pend above tated “The Commissioner may, in mvtroca case, campt any person rujet to intarnal roves tx ‘rm complies wit the provisos fin Soto.” Seo. 74. Anew mecton designed an Section 27-A ender Capt I, Te FX ths NIC, a mended herby inertod ‘eread anfllowe save at. Rion Soles Report Stn iin re ye et cay “Toes pcan else rca dats shall comely wish the provisions of apie Ak ‘No. 10178,edhervie knowa asthe Desa Pets bet and Gatien 70 othe NRC, a ended 00 ‘lewd diel epererinformatoaend et, ‘ther laws relating to the eonbdentaty of ‘2. 75 ection 140 ofthe NIC, a mend ie ensey farther emendd mad flow: Bec. 40, Itret, 0) In Genera. ~ There shall bo ameend odedeced on any wapeid amount ef tx ntarot ‘2h rate of dbl the lng intorest ran far nae te forberanos of say monay in the emacs co ‘pros spelen a ot bythe Bang Stra ‘Plpines fom te dae presred payment onl ‘Seamount ie ily paid: Provided, Tata o cme ‘at the daicenry and the delinquency inert prenibed under Submsctnne (9) and (Obert be {pomed lane« 3 Decency Inert — Ay dates ia ‘he tax den, an the term i ed in hl Cre, (shal bs wafoce te the inteeet preectbod ‘Sahection (A here which teresa eed ‘shelled ran te dat prone payne ‘Sec 16, Section 64 of he NTBC, a amended i hereby further tended tread efi: 7310. 254. Atempt to Boode or Defeat Tas. Any pemon who wily atemptein any mtn {evade defeat ryt imponed der ie Ode ‘he payment there callin adiion to fer pnaltiea provided by lw, pon convistion threo, ‘epuniahed with of mtn aan Fre endo ‘Seman ne 0 09 nt hn Tn Pes (10,000,000, nd ingore ot is hs (rear mae Sania 1 ‘ence Prviled, Tat the cacao soquta ‘btnined war thi Satin shallot be ahr ‘ling of cv out lectin of ace” 800. 77, Section 264of he NIRC a amended inhereby farther amenied to ead srflows: “Bec 264 Failure or Refusal to lerue ‘RecsiptsorSle or Comarca ince, Vilatons elated tothe Printing of ech Rang or Icies ‘ond Other Voatons wars Any person who mnie any ofthe acta amersiadhervunder halle penal with fat"Sac 286.4 Offenses Reloting to. Fuel Marking. — i coocsrleting o ful srking ‘all fn adition to the ponte impowed under ‘le Ket the NIRC, a mended, Section M40) a Repub Act No. 10858, cherwine Known athe ‘Coates Modernization sade At (CLEA, ad caherrlevan ews be puna a follows “Any perce whois fnendto be engaged ‘ela ede dstivery dtu temper a sf womach fl a commer quanti be for ‘demeanor merch chal poo rin, ‘lier yoann 0) octane cen, inet Troniion ‘vo hudved thousand pone F2E00,008;, 9 Pethe mcm tenance pene 5.000000; ed “0 Forth thin clon, «fos fTealion pecs P1000 000) and rerio ees ena ‘Biaoy trade orbuiaone. “e) Arypemon who stone theresa abe il ful mathng ageat om masked fel, snd ‘Me adulteration or dato offal inmndd r e {othe domeate marks, tue owing posension, ‘age tml oe fr ond ‘eulted ead moval daioreiono ton sll ‘Se penned inthe ceme manner eo rent at Provided forint prending Steet. Any permon who commis any ofthe at snumeratod horounder sll upon couvision, be ‘puny aie of ou han On main ete {000,000 bot nt more than Five mil pose (P5000, a lr ingrienent foot ota four (4) yearebtnt more than eight yours: “W Making, importing, selling, wring or oscaing ful maskers without expres wait; 0) Making, importing, sling, onng oF ett fl machen 0) Causing another person or entity 0 comalt any ofthe bro Gipreceeding ect‘tolibesing the aimiitreie om anime io ‘Gril Servin Lr, be teasd from he revense service: Provided, farther, Tat the tara ‘ere ‘Sconce nC Barve Law eball {bela he arene flake ltrs of uty xa expt frgny lgatare,orpationcfetoty ‘Sol babital ona ef unreacahle ements cco wth re ah eae Be SoS, sin 280 NIC mde ob “wuc.288, Disposition of Incremental Revnse. warwae om oa Was “€ Incremental Revenues from the Tax ‘Reform for declaration end Tnlaon (TRAIN) ‘Rav (years frm Ue ett thin At te yearly incromental revenues generated etall be ‘tomatic eppropiated a flown “A Not incre thai ery poet (7%) ‘ud infutractre projet cada bt ot ied 1, the Build, Baila, Bud Progeem ald provide ingrvtracsore programs 19 adres congestion hrowgh mane taneport and new toad networks, ‘nity infaetrocere, wots fete for ps Shoal, and potable dcinking water sappy all Publeplaces end 0) Netmor thas hit percent 00%) ofan recon, G9) enplymea nd) host pe ‘recy bene bot the peor end nese pnt ‘ome2 Nati {Sen wh mayb ented Congr Aa “Within siaty (0 days from the end of the ‘hve (year peri rm the tnt of th et, {the interagency committes and teqpective {implementing agence fr chor programa ll ‘rat correspnding program accent tothe ‘COOCTEE. Tho National penne Progr en ‘1B cawerds al sve wma tet crepe ‘ole allcatonsnandaedinthe provisions clove Asi ed tie geet the city of chia Act ll exrmarking provisions wader ‘Present of Ub Sanat ft Phligpinen, the maker of th ‘Boum offnpeatatives Sonat Comins Fines ed ‘he lose Granite on Appropriation detalindrepetn ts ‘cpenditre of Ue emounecarmaried hereoo cry foriahed ‘he Carirpermna ef the Camas en Weyo and Mean ofboth ‘House of Crogtom. ‘To report shall ibovioe posed on the ‘Suc 8. Implementing Hues nd Raplation,- Within. ‘hicty (0 dae fm te icity ola At, Saray ‘Paton all pon the noommendaton ofthe Caumssioan {internal even, paulgb aonwey ee od regen ‘kris foci iplemersion. S85. Seperobiy Clee. - any pine ia Actisemapey carl our cna a at ovine rel wash ated cary sal rest 9 ‘fares and eoc Clouse. ~ "The following awe ot ‘800,86. Repealing provisions fawa are rey repealed und th eras sor Eames sllced ban a made eet a VAT proviso, Tide V ltho NIRC, an emendod: (@ Section 3 of Presidential Decree PD.) 1072, 1905, a2 amended, Sactions 4 and 6 of Ezscutive Order Ne. (8.0) 1087, 2.1968, and ‘Section of. 1064 8. 1565, nwo a the VAT ‘xr emnpion end tx credits once(Sections 18 and 19, iaofar as VAT. caxmptionincrowrrd (RA. 6847 ce The Pippin ‘porte Oammislon Ack (cio tt para nts me Var ceumptons ners ofA ber hn at ‘sing mci At Nos sanded yi to, mnie’ An Ac Orci « Pee leprsn wb Kaos a Dey Sorat he ‘lpn sd te Debora owes tnd Papen, Carat le by Scns oe Pati rer al seOuerbpe (0) Section 12, ed cntzos nat a8 VAT unmption in ooonrned, of A. 1278 or An Act Eetablishing the Hater Viyes Scnace Tigh Section 11 cts wn VAT exemptions quem ofA 106 Conroe th Paine Stas Calls of Aconatiog (=) Section 126 nota as VAP exomptin Set EE Tae New el Bk (© Seton 14, inner a0 VAT exmaption is ‘oncermed, of RA. 7816 or Ue National Heath Tnsuranee Ataf 86; (Section 18, nsf an VAT exept i coceeed and Seti 18 let paragraph fA 7204 (he National Dery Development Act 196; 0) Section incr nn VAT exemption i cmotmned, BA. 616) ot An Act Granting the University af the Philippines a Franchise to CConstrace, Tagtall, Operate and Maintain fer Etsctiona aod Other alated Purges Rado ed ‘Television Brosicastng Stations Within the Unironiy of Pipa and in Sch Other Aa Win the Spe fits Operation:(@ Sects 316 ota ag VAT emmptcn saccmserond ofRA. 0288 oT Boda Booey = Toe ‘ot (0 Section 1, icra VA conn PEA Sb Te Goren rat amare Gyatem Ah oT © Section 46) and (D, insotar ax VAT comer of A. 945 oh hk Greatng ‘Basengas State University, 7 “ (> Seaton 12, mba ws VAT ecto eon cL. io hn os Hatatcng th ‘Se toe tines and Tohono Bh Behl i ‘a Bene, Lage (9 Section 110) and, Sowafar an VAT aception conned, of BA, 158 or An het ‘Eeatinhing ie Guinan State Coleg: (=) Seca 1) nanan VAT exemptions couceod, of BA, STA or An Act Canvrtng tt [Negros Ovsdeotal Agsularal Collag int State (Cahoge to be kaown aa the Negros Oocsental ‘Agel Calle: ‘ty Section 16, nf in VAT ecometion it con eth 47 er Te i bation Anty ‘eea00s; exemptions conned, ni (oma as VA re, ‘Seog emer ofA, 000 ortho Unive ‘Be Pips Carter of 208; 4 Section 280) and (2, isolnr ws VAT exemption in oocaran, wad Sooo 0» VAT. ferovrating we conoerind, of LA 9619 or An Act ‘Converting Mindeano Pogtchnis State Cnt {2 Site Uciverny tobe Koown athe Mendense UpireraiyofSeoe end Teco, (60) Sodion 112, Sar ea VAT exempt xem oA 901 oars own aa FDIC (Charter, as smonded by Seodan 8 of KA 676, (Gheriss known ee Ac Inerensng to MasiNambered Thee Thousand Five Hundred Ninwty-Ooe, a Amended, Otberwioe Known asthe ‘PDTC Charter, endfor Otber Parpoee, @® Gections 1 and 1, insofar a0 VAT serpy cecal th Se ha ke ‘the Home Development Mal Pend, el Other spe (ik) Section 70) and (2) insofar ae VAT sxemplion i smerned, and (8, Sonus an VAT ‘Sroseting isomers TA. 9647 cee Pippin ‘Neral Univeny Moderninstion Act of 2008, (6 Sesion 1, asta os VAT examption it concerned, of BA. 7806, a8 amended by BA" 10040, Rrtabliahing the Ravined APP Matacninatin Program do Other Purposes: Section 56, fasolr as VAT exemption exornod, ofA. 10001 or th Oversas Works ‘Woltre Adminsetioa Acs (8) Section 901 and with repetto VAT, R.A 7200 oth High- Value GeopeDevelopment ‘tof 1996, Seton 2) fA 10068 ert Orpasic Agsite A 2010, ‘gum) Section 140), with respect to VAR. R.A. 7908 orth Sod Infusry Development Ast 10 (a) Section 3 4), with apt to VAT, of R.A sbi or Ths Piippine FabessCode of 1268, (9, Satin 14 soem parneagh withsepect {0VAT eA. 10ST or he Plone ala pert ‘Development and Prancion Act 20, (9) Section 80), (and with rmpoct to ‘WAT, of LA. 8479 the Downstream OF tasty Dereguition At S66: (9) Section) and @,withrepect VAT, ‘fA Thos orthe lon and Sta Inder At, (2) Section 1, with rampact to VAT, of BA 7B or nat Amending RA No. 608%, 9) Section 26088), with epect to VAT. of B.A. £295 or the Phappine loan Water Ataf 2004 (09, Section 240) of LA T27rthe Urban (e) Section 14, with rspoct to VAT, of BA Séaherda Tron and Abate Medion ‘ce CEAMA) of 107; (re) Secon 290) ofA. 1074 ar tho Bare ‘Dieaon te Philipines: (2) Section a), and (wth epec io ‘Vat, o£ BA 9009 or the Eodogial Sala Waste Managenent Act 200,69) Baction 5), with reepet to VAT, of 1A 10771 Oh Plppine Gres Jobe Ae of 2018; () Seton 6, with repost ta VAT. of BA, “ace tho Laver tnd Lavetins Leaves At ft Piaiprines, (as) Section 24, insofar at VAT exemption of foundations for slentifie sdvancemeats ie ‘Sommed, of LA 207, an amet, a Cae Sens ‘soto 1968; end “isi, Secon 0, with respect wi VAT. of RAO or the Netionl Grid Corporation of the Pulippinee Act Provide Mot the VAT obligation of government ‘Gruen qntnibodexpereony oe uierie ‘icalnge ence prernmentetrumertalton ‘Muse VAT exemption har boon pooled aris Tethatte hargabl tothe Tax epee and (THE) provided for in the annual General ovropsatons Bt Proutded, fart, That VAT fanmcton ‘Yat peovaionscf eV ofthe MIRC, oo wend. ‘Provided, Tat, with respec wo income tx, the falling ews or provisions flaws azo baby repealed or mmol: (Sexi 39(8) of LA. 7277 ag mended ey ‘RA 10764 ce the Magna Carta fe Preons with Dieter, (8) Section 228) of R.A 0166 ote Foster coe Ant; (Secon 4A oor An het Proving ox Oey Smeg, Hoey Hae ed Leto: ‘owner, Hognal pean Bs Bogiobal Wercbouons of Muliantional Compenie eying te preferential nme rae bette (in cflocry of be TRAIN bl tb ated; Section Bot PD. 1854-4 1784 imposing inal Tune Tax on Sobzontratrs and Alien poreserrate anderson to ‘refretial income tar tn at te Cine decay othe TRAIN chase tected ® Section 7 of PD. 1084, ». 1976, oF ‘Autheang he etaabent of Ofiore enti mom nthe Plone Pda Tat ‘ervinconracore nd sbooninactor eying rferetal tome tex rae tthe Se of the ‘nity of tho TRAIN hal tt be tle ‘6c. 81. Hifectivty. ‘Thin Act shall take effect ox “January 1, 2018 following ite complete publication ia the Offi acter in a last con 1) nowapaper of eae oul ‘Pred of he Senate ie fe “This Act which a conan of House Bill No 6896, and Senate Bll No. 1992 was parsed by the House of ‘eprecentatin and th Sonate on Devoe 18,2017 Cove, ‘Seon ofthe Sate ‘Srey Genre Howe of apart Approved: DEC 1.9 2097