13 January 2014
The Commissioner of Internal Revenue (“CIR”) has issued Revenue Regulations (“RR”) No. 1-2014 dated 17 December 2013 amending Section 2.83.3 of Revenue Regulation (RR) No.2-98 on the submission of alphabetical list of employees/payees.
The salient portions of the RR are as follows:
The regulation states that it shall take effect 15 days after publication in a newspaper of general circulation. The RR was published in Manila Bulletin on 13 January 2014.