BUREAU OF INTERNAL REVENUE

2012 REVENUE REGULATION

2012 BUREAU OF INTERNAL REVENUE

REVENUE REGULATION
RR NO.

SUBJECT MATTER

RR No. 1-2012

Requires the mandatory submission of Quarterly Summary List of Sales and

Purchases by all VAT registered taxpayers
(Published in Manila Bulletin on February 22, 2012)

RR No. 2-2012

Prescribes the tax administration treatment of petroleum and petroleum

products imported into the Philippines including those coming in through
freeport zones and economic zones and registration of all storage tanks,
facilities, depots and terminals
(Published in Manila Bulletin on February 22, 2012)

RR No. 3-2012

Prescribes the effectivity of threshold amounts for sale of residential lot, sale of
house and lot, lease of residential unit and sale or lease of goods or properties
or performance of services covered by Section 109 (P), (Q) and (V) of the Tax
Code of 1997, as amended
(Published in Manila Bulletin on February 22, 2012)

RR No. 4-2012

Amends RR No. 13-2011 regarding abatement or cancellation of internal

revenue tax liabilities
(Published in Manila Bulletin on March 30, 2012)

RR No. 5-2012

Establishes the policy on the binding effect of rulings issued prior to Tax Reform
Act of 1997
(Published in Manila Bulletin on April 4, 2012)

RR No. 6-2012

Clarifies the taxation on the sale of gold and other metallic minerals to Bangko
Sentral ng Pilipinas and other persons or entities
(Published in Manila Bulletin on April 4, 2012)

RR No. 7-2012

Amends the consolidated Revenue Regulations on primary registration, updates

and cancellation
(Published in Manila Bulletin on April 4, 2012)

RR No. 8-2012

Further amends Revenue Regulations relative to the De Minimis Benefits

Published in Manila Bulletin on May 14, 2012)

RR No. 9-2012

Implements certain Sections of the NIRC of 1997 relative to the non-redemption

of properties sold during involuntary sales
(Published in Manila Bulletin on June 4, 2012)

RR No. 10-2012

Defines the requirements for joint venture or consortium formed for the purpose
of undertaking construction projects and prescribes the mandatory enrollment of
local contractors in the Electronic Filing and Payment System
(Published in Manila Bulletin on June 4, 2012)

RR No. 11-2012

Amends certain provisions of RR No. 1-2011

(Published in Manila Bulletin on August 24, 2012)

RR No. 12-2012

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
(Published in Manila Bulletin on October 17, 2012)

RR No. 13-2012

Prescribes the VAT treatment on sale of adjacent residential lots, house and lots
or other residential dwellings, thereby amending certain provisions of RR No.
16-2005, as amended
(Published in Manila Bulletin on October 17, 2012)

RR No. 14-2012

Prescribes the proper tax treatment of interest income earnings on financial

instruments and other related transactions
(Published in Manila Bulletin on November 8, 2012)

RR No. 15-2012

Prescribes the regulations on the accreditation of printers as a prerequisite to

the printing services of official receipts, sales invoices and other commercial
receipts and/or invoices
(Published in Manila Bulletin on December 7, 2012)

RR No. 16-2012

Prescribes the tax treatment of sales, barters, exchanges or other dispositions

of shares of stock of publicly-listed companies whose public ownership levels
fall below the mandatory Minimum Public Ownership level, monitoring of these
companies and their stock transactions, and amending Revenue Regulations
No. 06-08 for the purpose
(Published in Manila Bulletin on December 9, 2012)

RR No. 17-2012

Prescribes the implementing guidelines on the revised tax rates on alcohol and
tobacco products pursuant to the provisions of Republic Act No. 10351 and
clarifies certain provisions of existing Revenue Regulations
(Published in The Philippine Star/Manila Bulletin on December 28, 2012)

RR No. 18-2012

Prescribes the policies and guidelines in the processing of Authority to Print

(ATP) Official Receipts, Sales Invoices and other Commercial Invoices using the
online ATP System and provides for the additional requirements in the printing
thereof
(Published in Manila Bulletin on January 3, 2013)

DATE OF ISSUE
February 20, 2012

February 20, 2012

February 20, 2012

March 28, 2012

April 2, 2012

April 2, 2012

April 2, 2012

May 11, 2012

June 1, 2012

June 1, 2012

August 17, 2012

October 12, 2012

October 12, 2012

November 7, 2012

December 5, 2012

December 7, 2012

December 26, 2012

December 28, 2012