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RMO No. 05-2013: Prescribes the procedures and guidelines on the redemption of Notice of Payment Schedule relative to the implementation of the VAT TCC Monetization Program

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Summary

RMO No. 05-2013 prescribes procedures and guidelines for the redemption of the Notice of Payment Schedule under the Value-Added Tax – Tax Credit Certificate Monetization Program.

Key points

  1. Legal basis. The program rests on Executive Order No. 68 and Joint Circular No. 2-2012 among the Department of Finance, Department of Budget and Management and BIR.
  2. Related issuance. The program is implemented by Revenue Memorandum Order No. 21-2012.

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

Related issuances

CitesRMO No. 21-2012

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.