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  • Part4REVENUE REGULATIONS Issued On The 1st Semester of 2021

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    HC Law
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    This revenue regulation prescribes rules and regulations to implement Section 3 of RA No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The CREATE Act amends Section 20 of the National Internal Revenue Code of 1997 to reduce the corporate income tax rate. Specifically, it reduces the rate from 30% to 25% for large corporations and 20% for small corporations starting July 2020.

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    Part4REVENUE REGULATIONS Issued on the 1st Semester of 2021

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    Part4REVENUE REGULATIONS Issued on the 1st Semester of 2021

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    This revenue regulation prescribes rules and regulations to implement Section 3 of RA No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The CREATE Act amends Section 20 of the National Internal Revenue Code of 1997 to reduce the corporate income tax rate. Specifically, it reduces the rate from 30% to 25% for large corporations and 20% for small corporations starting July 2020.

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    © All Rights Reserved
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    8 views5 pages

    Part4REVENUE REGULATIONS Issued On The 1st Semester of 2021

    Uploaded by

    HC Law
    This revenue regulation prescribes rules and regulations to implement Section 3 of RA No. 11534, also known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The CREATE Act amends Section 20 of the National Internal Revenue Code of 1997 to reduce the corporate income tax rate. Specifically, it reduces the rate from 30% to 25% for large corporations and 20% for small corporations starting July 2020.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 5

    RR No.

    2 - 2021
    RR No. 2 - 2021
    RR No. 2 - 2021
    REVENUE REGULATION
    NO. 3 -2021
    Prescribes the Rules and Regulations to
    implement Section 3 of RA No. 11534
    (Corporate Recovery and Tax Incentives for
    Enterprises Act or CREATE Act), amending
    Section 20 of the NIRC of 1997, as amended

    (Published in Philippine Star and Malaya


    Business Insight on April 9, 2021)
    RR No. 3 - 2021

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