Summary
RR No. 12-2015 amends Section 8 (Transitory Provisions) of RR No. 10-2015 on the adjustment period for procuring and reconfiguring machines and systems.
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Key points
- Adjustment deadline. Procurement and reconfiguration of machines and systems, to comply with Section 5, must be done on or before October 31, 2015.
- Extension for work abroad. If system enhancements must be done abroad, approval is sought from the concerned Regional Director or ACIR, Large Taxpayer Service. The extension is not longer than six (6) months from the effectivity of the Regulations.
Deadlines and effectivity
- Adjustments: on or before October 31, 2015
- Extension: not longer than six (6) months from effectivity
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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