RMO No. 05-2013: Prescribes the procedures and guidelines on the redemption of Notice of Payment Schedule relative to the implementation of the VAT TCC Monetization Program

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Summary

RMO No. 05-2013 prescribes procedures and guidelines for the redemption of the Notice of Payment Schedule under the Value-Added Tax – Tax Credit Certificate Monetization Program.

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Key points

  1. Legal basis. The program rests on Executive Order No. 68 and Joint Circular No. 2-2012 among the Department of Finance, Department of Budget and Management and BIR.
  2. Related issuance. The program is implemented by Revenue Memorandum Order No. 21-2012.

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.