Summary
RR No. 5-2001 revokes the requirement for certain taxpayers to file information returns on income from sources outside the Philippines.
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Key points
- Requirement revoked. Non-resident citizens, overseas contract workers and seamen no longer have to file information returns on income derived from sources outside the Philippines.
Who is affected
- Non-resident citizens
- Overseas contract workers
- Seamen
Deadlines and effectivity
- Beginning taxable year 2001
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.