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RMC No. 60-2025: Circularizing RA No. 12214, otherwise known as the Capital Markets Efficiency Promotion Act, and the Veto Message of President Ferdinand R. Marcos Jr. thereto

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Summary

RMC No. 60-2025 circularizes RA No. 12214 (Capital Markets Efficiency Promotion Act, CMEPA) and the Veto Message of President Ferdinand R. Marcos Jr.

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Key points

  1. Tax Code sections amended. The Act amends Sections 22, 24, 25, 27, 28, 32, 38, 39, 42, 51, 52, 56, 57, 127, 149, 174, 176, 179, 190, 199, and 258 of RA No. 8424 (National Internal Revenue Code of 1997, as Amended).
  2. Effectivity. The Act takes effect on July 1, 2025, following complete publication in the Official Gazette or in at least one (1) newspaper of general circulation.

Deadlines and effectivity

  • Effective July 1, 2025

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