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RMC No. 38-2017: Circularizes the full text of the decision of Supreme Court in the case of Finance Secretary Cesar B. Purisima and CIR Kim S. Jacinto-Henares vs. Representative Carmelo F. Lazatin and Ecozone Plastic Enterprises Corporation with G.R. No. 210588

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Summary

RMC No. 38-2017 circularizes the full text of the Supreme Court decision dated November 29, 2016 in Purisima and Jacinto-Henares vs. Lazatin and Ecozone Plastic Enterprises Corporation, G.R. No. 210588.

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Key points

  1. RR No. 2-2012 void. The Supreme Court declares Revenue Regulations No. 2-2012 null and void, invalid and unconstitutional.
  2. Reasons given. The regulation illegally imposes taxes on Freeport and Economic Zone enterprises, which by law enjoy tax-exempt status. It also effectively amends RA No. 7227, as amended by RA 9400, which encroaches on the legislative authority reserved to Congress by the Constitution.

Who is affected

  • Freeport and Economic Zone enterprises

Deadlines and effectivity

  • Supreme Court decision dated November 29, 2016

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

Related issuances (4)

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CitesRR No. 2-2012RR No. 2-2020RR No. 7-2012RR No. 7-2017

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.