MTF Updates – BIR RMC No. 40-2020
Dear Valued Clients and Friends,
We are sending to you a copy of Bureau of Internal Revenue (BIR) Revenue Memorandum Circular (RMC) No. 40-2020 dated April 8, 2020, providing for the implementing rules and regulations of Republic Act No. 11256 (An Act to Strengthen the Country’s Gross International Reserves, Amending for the Purpose Sections 32 and 151 of the National Internal Revenue Code, as Amended, and for Other Purposes).
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Mata-Perez, Tamayo & Francisco
April 10, 2020