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RMC No. 21-2007: Prescribes the attachments to the Annual Income Tax Return to be filed by BOI, BOI-ARMM and PEZA-registered taxpayers for taxable year 2006 and onwards

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Summary

RMC No. 21-2007 prescribes the attachments to the Annual Income Tax Return for taxpayers registered with the BOI, BOI-ARMM and PEZA, for taxable year 2006 and onwards.

Key points

  1. Who must attach. Taxpayers availing of fiscal incentives approved by BOI, BOI-ARMM or PEZA attach the documents when filing the Annual ITR (BIR Form 1701 and 1702).
  2. BOI/BOI-ARMM attachment. A photocopy of the Certificate of Entitlement (CE) for Income Tax Holiday (ITH) issued by the BOI/BOI-ARMM, stating the entity is a bonafide registered enterprise entitled to ITH incentives.
  3. PEZA attachment. A photocopy of the PEZA Certification stating the entity is a bonafide PEZA-registered enterprise entitled to ITH and/or the 5% Gross Income Tax incentive.
  4. Basis. The requirement follows the joint undertaking in separate Memoranda of Agreement executed on March 1, 2007 between the BIR and the BOI/BOI-ARMM and the PEZA.

Who is affected

  • BOI-registered taxpayers
  • BOI-ARMM-registered taxpayers
  • PEZA-registered taxpayers

Deadlines and effectivity

  • Applies to taxable year 2006 and onwards
  • Issued March 20, 2007

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.