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RMC No. 111-2024: Publishing the full text of the Memorandum of Agreement (MOA) between the Bureau of Internal Revenue (BIR) and its multi-sectoral partners

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Summary

RMC No. 111-2024 publishes the full text of the Memorandum of Agreement between the BIR and its twelve (12) multi-sectoral partners on the BIR-Multi-Sectoral Working Group.

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Key points

  1. Partners. The partners are PCCI, TMAP, MAP, FINEX, PICPA, ACPAPP, ACPACI, PHILEXPORT, the Joint Foreign Chambers of the Philippines, the Makati Business Club, FFCCCII, and the Alliance for Tech Innovators for the Nation (ATIN).
  2. Purpose. The MOA strengthens and, if necessary, expands the membership and working relationship of the Working Group. The Group holds regular dialogues and consultations, advises on drafting Revenue Issuances, and helps ensure compliance by the business sector.
  3. Key initiatives. The Group serves as a mechanism for consultation on tax policies and issues. The parties share knowledge on best practices in taxation, advocate comprehensive, relevant and lawful tax administration policies, and resolve issues within agreed timeframes.

Who is affected

  • BIR and its twelve (12) multi-sectoral partners

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.