Monday, August 15, 2011

Tax Credit Certificates (TCC) under RR No. 14-2011

A Tax Credit Certificate (TCC) may be used by the grantee or his assignee in the payment of his direct internal revenue tax liability except the following:payment or remittance for any kind of withholding tax;payment arising from the availment of tax amnesty declared under a legislative enactment;payment of deposits on withdrawal of exciseable articles;payment of taxes not administered or collected by the Bureau of Internal Revenue; andpayment of compromise penalty. Under Revenue Regulations 5-2000 dated August 15, 2000, BIR issued Tax Credit Certificates (TCCs) may be transferred in favor of an assignee based on the following conditions:the...
Page 1 of 912345Next
 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Lady Gaga, Salman Khan