Summary
RR No. 14-2011 amends a provision of RR No. 5-2000, as amended, on the issuance, use, revalidation and transfer of Tax Credit Certificates.
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Key points
- No transfer or assignment. Section 4 of RR No. 5-2000, as amended, now reads that all Tax Credit Certificates issued by the BIR may not be transferred or assigned to any person.
Who is affected
- Holders of Tax Credit Certificates
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.