Summary
RMC No. 05-2011 prescribes the documents that prove authority to transact with the BIR on Tax Credit Certificate (TCC) issuance, utilization, revalidation and transfer.
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Key points
- Corporate owner. The authority of a designated representative must be in a Board Resolution, shown by a Secretary’s Certificate of the minutes or contents of that resolution.
- Individual owner. The authority of a designated representative must be in a Special Power of Attorney executed by the registered owner of the TCC.
- Proof by the representative. A person claiming authority to process a TCC needs only show at least two (2) valid government-issued Identification Cards, and/or the evidence of authority above.
Who is affected
- Registered owners of TCCs and their representatives
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.