(Including amendments under Republic Act No. 9504)
The National Internal Revenue Code of 1997 (Tax Code) originated from Republic Act (RA) No. 8424, otherwise known as the Tax Reform Act of 1997, which was enacted on December 11, 1997. Since the Act’s effectivity on January 1, 1998, numerous laws have been passed to amend it. Considering the significance of the amendments made, such as those introduced by RA 9337 (Reformed VAT Law), RA 9243 (Revised Documentary Stamp Tax law), RA 9334 (Amended Excise Tax Law), and RA 9504 dated June 17, 2008 (amending Title II - Income Tax) our firm, Isla Lipana & Co., the Philippine member firm of PricewaterhouseCoopers global network, deemed it fitting to launch this amended Tax Code to provide a comprehensive and updated reference material to tax practitioners and tax administrators alike.
Also included are RR 10-2008, RR 16-2008, Consolidated Withholding Tax Regulations and Consolidated Fringe Benefits Tax Regulations.
A unique feature of this book is the side margin that has been provided to allow the readers or users to write their personal annotations or comments alongside the codal provisions as they peruse the book. We believe this can help in the better understanding and application of the tax laws and revenue regulations, thus leading to proper tax planning and compliance as well as improved tax administration.