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RMO No. 29-98: Specifies the scope and schedule of the second set of Comprehensive Tax Reform Program enhancements

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Summary

RMO No. 29-98 specifies the scope and schedule of the second set of CTRP enhancements, which have a direct effect on BIR Forms 1601/1743W.

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Key points

  1. Release date. The second set of enhancements was to be released to all Revenue District Offices on March 31, 1998.
  2. Affected form. The enhancements directly affect BIR Forms 1601/1743W (Monthly Remittance of Income Taxes Withheld).
  3. Subjects covered. They concern tax on fringe benefits and royalties, tax on dividends paid to individuals, tax on non-resident aliens, and tax on informer’s rewards. They also cover changes in tax base for exemption of prizes.
  4. Dissemination. The Order specifies guidelines on disseminating information about the enhancements.

Who is affected

  • All Revenue District Offices

Deadlines and effectivity

  • Release to all Revenue District Offices: March 31, 1998

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.