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RR No. 15-2018 PDF
RR No. 15-2018 PDF
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BTIREATJ OIi INTERNAI, REVENT]I] APR | 5 \usLfuq,,
Quezon City
RECETVEB
April 2.2018
SECTION 1. Scope. - Pursuant to the provisions of Section 244 in relation to Section 245 of the
National lntemal Revenue Code of 1997 (Tax Code), as amended, these Regulations are hereby
promulgated to amend the transitory provisions of RR No. 8-2018 on the updating of registration
from VAT to non-VAT which was ciue last March 31. 20i 8.
After the above-mentioned date, existing VAT-registered taxpayers who have not
exceeded the threshold for the immediately preceding three years, may opt to
update their registration to non-VAT.following rules and regulations on registration
updates" verification, and the inventory and cancellation of VAT invoices/receipts."
SECTION 3. Repealing Clause. - A11 revenue issuances that are inc.onsistent ra,ith the provisions
oithese Regulations are hereb-v amended, modified or repealed accordingly,.
SECTION 4. Effectivity. -Tirese regulaticns are et-lbctive imrneciiately.
CARLOS G. DCIMI){/GUE
Secretary ofl-inance
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Recommending Approval :
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CAESAR DULAY
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Commissioner of lnternal Revenue
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