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RMC No. 14-2010: Circularizes the full text of Joint Circular No. 2009-1A of the Department of Budget and Management, Bureau of Internal Revenue and National Tobacco Administration, amending the guidelines and procedures on the release of the share of Local Government Units

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Summary

RMC No. 14-2010 circularizes DBM-BIR-NTA Joint Circular No. 2009-1A dated January 12, 2010, which amends the guidelines and procedures on the release of the share of Local Government Units.

Key points

  1. Section 1.4 amended. Section 1.4 of DBM-BIR-NTA Joint Circular No. 2009-1 is amended. It now refers to COCCTRP Resolution No. 21.
  2. Minimum tobacco volume. To qualify as a beneficiary under RA No. 8240, an LGU must have Burley and Native tobacco production and acceptances of not less than 1,000 kilos per year.

Who is affected

  • Local Government Units seeking a share under RA No. 8240

Deadlines and effectivity

  • Joint Circular dated January 12, 2010

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

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