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RMC No. 50-2020: Reiterates RR No. 10-96 implementing the provisions of Sections 9 and 18 of RA No. 7686 (An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefore and for Other Purposes)

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Summary

RMC No. 50-2020 reiterates RR No. 10-96, which implements Sections 9 and 18 of RA No. 7686 on the Dual Training System, and updates two NIRC references in it.

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Key points

  1. Commitment to TESDA. The BIR confirms its commitment to the Technical Education and Skills Development Authority (TESDA) to implement the tax incentives under Sections 9 and 18 of RA No. 7686. It does so by reiterating RR No. 10-96.
  2. Updated NIRC references. Sections 29(h) and 94(a)(3) of the NIRC, cited in subparagraphs (2) and (3) of Section 3 of RR No. 10-96, are now Sections 34(H) and 101(A)(2) of the NIRC of 1997, as amended.

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.