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RMC No. 35-2013: Publishes the full text of Department Order (DO) No. 18-2013 of the DOF on the amendment of Section 12 of DO No. 03-08 entitled “Rules and Regulations to Implement Republic Act 9400, An Act Amending Republic Act 7227, Otherwise Known as the Bases Conversion and Development Act of 1992, and for Other Purposes.”

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Summary

RMC No. 35-2013 publishes the full text of Department of Finance Department Order (DO) No. 18-2013, which amends Section 12 of DO No. 03-08 on the availment of incentives by Ecozone and Freeport Enterprises.

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Key points

  1. Disqualification from other incentives. Registered Ecozone and Freeport Enterprises already availing of incentives and benefits under RA 9400 are expressly disqualified from incentives granted under other laws, rules and regulations.
  2. Enterprises under other regimes. Qualified enterprises already enjoying incentives under other preferential regimes must have those registrations cancelled before they may avail of RA 9400 benefits.

Who is affected

  • Registered Ecozone and Freeport Enterprises
  • Qualified enterprises enjoying incentives under other preferential regimes

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.