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RMC No. 155-2022: Further extends the acceptance of manually issued Certificate of Entitlement to Tax Incentives (CETI) under RA No. 11534 (Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act)

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Summary

RMC No. 155-2022 further extends the acceptance of manually issued Certificate of Entitlement to Tax Incentives (CETI) as an attachment to the Annual Income Tax Return (AITR), under RA No. 11534.

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Key points

  1. Manual CETI accepted. RBEs enjoying Income Tax incentives may attach the CETI manually issued by their Investment Promotion Agency to the AITR for taxable year 2022. This holds until a system-generated CETI can be issued through the Fiscal Incentives Registration and Monitoring System.
  2. Purpose of CETI. The CETI is required of all RBEs to avail of the Income Tax Holiday or preferential rate granted by law.

Who is affected

  • Registered Business Enterprises enjoying Income Tax incentives

Deadlines and effectivity

  • Applies to AITR for taxable year 2022
  • Until a system-generated CETI can be issued

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.