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RMC No. 11-2022: Circularizes RA No. 11595, titled “An Act Amending Republic Act No. 8762, Otherwise Known as the ‘Retail Trade Liberalization Act of 2000’, by Lowering the Required Paid-Up Capital for Foreign Retail Enterprises, and for Other Purposes”

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Summary

RMC No. 11-2022 circularizes Republic Act No. 11595, which amends the Retail Trade Liberalization Act of 2000 (RA No. 8762).

Key points

  1. Subject of the Act. RA No. 11595 lowers the required paid-up capital for foreign retail enterprises.

Who is affected

  • Foreign retail enterprises

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

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