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RMC No. 31-2017: Circularizes the Advisory issued by the Microfinance NGO Regulatory Council regarding the implementation of RR No. 3-2017 implementing the tax provisions of RA No. 10693 (“Microfinance NGOs Act”)

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Summary

RMC No. 31-2017 circularizes the Advisory of the Microfinance NGO Regulatory Council on implementing RR No. 3-2017, which covers the tax provisions of RA No. 10693 (Microfinance NGOs Act).

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Key points

  1. Update of registration. Microfinance NGOs that secured a Certificate of No Derogatory Information are advised to coordinate immediately with the Revenue District Office where they are registered. They update their registration using BIR Form 1905.
  2. Certificates to submit. They submit the Certificates of No Derogatory Information issued from 2016 to the present.

Who is affected

  • Microfinance NGOs with a Certificate of No Derogatory Information

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

Related issuances (1)

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CitesRR No. 3-2017

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.