2015 Revenue Regulations

Revenue Regulations (RRs) are issuances signed by the Secretary of Finance, upon recommendation of the Commissioner of Internal Revenue that specify,
prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes.

RR No. 1-2015
Further amends RR Nos. 2-98 and 3-98, as last amended by RR Nos. 5-2008, 5-2011 and 8-2012, relative to "De Minimis Benefits"
Date issued: January 5, 2015
RR No. 2-2015
Amends pertinent provisions of Revenue Regulations (RR) No. 2-2006 and RR No. 11-2013 with respect to the submission of copies of BIR Form Nos. 2307 and 2316
Date issued: March 5, 2015
RR No. 3-2015
Implements the provision of RA No. 10653, more particularly on the increase to P 82,000.00 of the total amount of exclusion from gross income for 13th month pay and other
benefits, effectively further amending the pertinent provisions of RR No. 2-98
Date issued: March 13, 2015
RR No. 4-2015
Amends further Section 2 of RR No. 13-08, as amended by RR No. 13-2013, relative to the definition of raw sugar and raw cane sugar for Value-Added Tax purposes
Date issued: March 13, 2015
RR No. 5-2015
Amends RR No. 6-2014 and imposes penalties to taxpayers mandatorily covered by eFPS or eBIRForms who failed to file tax returns under the electronic systems of the BIR
Date issued: March 17, 2015
RR No. 6-2015
Implements regulations imposing advance Business Tax (VAT or Percentage Tax) payments on sugar and for other related purposes
Date issued: March 31, 2015

RR No. 7-2015
Amends further the provision of Section 2.57.2 of Revenue Regulations (RR) No. 2-98, as amended, particularly Subsection (AA) as introduced by RR No 11-2014, relative to the
income payments on locally-produced raw sugar and other matters
Date issued: March 31, 2015
RR No. 8-2015
Amends RR No. 6-2015 on the definition of raw cane sugar for purposes of the imposition of advance business tax (Value-Added Tax or Percentage Tax) and for other related
purposes
Date issued: May 27, 2015

2015 Revenue Memorandum Orders

Revenue Memorandum Orders (RMOs) are issuances that provide directives or instructions; prescribe guidelines; and outline processes, operations,
activities, workflows, methods and procedures necessary in the implementation of stated policies, goals, objectives, plans and programs of the Bureau in all
areas of operations, except auditing.

RMO No. 1-2015

Further amends certain provisions of RMO No. 10-2014, as amended by RMO No. 33-2014
Date issued: January 7, 2015
RMO No. 2-2015
Allocates the CY 2015 BIR collection goal by implementing office
Date issued: January 13, 2015
RMO No. 3-2015
Prescribes the CY 2014 Operational Key Performance Indicators and Accomplishment Reporting for the Large Taxpayers Service
Date issued: February 2, 2015

RMO No. 4-2015

Amends RMO No. 2-2015 on the allocation of the CY 2015 BIR collection goal by implementing office
Date issued: February 6, 2015

RMO No. 5-2015

Amends RMO No. 4-2015 on the allocation of the CY 2015 BIR collection goal by implementing office
Date issued: March 12, 2015
RMO No. 6-2015
Prescribes policy directive for the CY 2014 Performance Evaluation of Revenue Regions and Revenue District Offices and amends certain provisions of Annex A of RMO No. 362014
Date issued: March 23, 2015

RMO No. 7-2015

Prescribes and implements the revised consolidated Schedule of Compromise Penalties for Violations of the National Internal Revenue Code
Date issued: March 23, 2015

RMO No. 8-2015

Prescribes the policies, guidelines and procedures in the implementation of the Collection Reconciliation System
Date issued: March 24, 2015

RMO No. 9-2015

Prescribes the guidelines and procedures in the processing and issuance of clearance in the National Office and Regional/District Offices
Date issued: March 26, 2015

RMO No. 10-2015

Directs RDOs to submit list of manually/electronically issued Certificate Authorizing Registration (CAR/eCAR) to Register of Deeds
Date issued: March 27, 2015

RMO No. 11-2015

Prescribes the use of Quality Management Manual for the ISO 9001:2008 Certification of Revenue District Offices
Date issued: June 19, 2015

The Department of Finance is a government institution that formulates fiscal policy. Carrying
out its basic function of revenue generation to ensure adequate financing for the needs of
the country has led to an expansion of the DOFs role over time. Below are the Bureaus,
Agencies and Government Corporations under the supervision of DOF.
BUREAU OF INTERNAL REVENUE (BIR)As Mandated: 1) Assessment and collection of all
national internal revenue taxes, fees and charges. 2) Enforcement of all forfeitures,
penalties, fines and execution of judgments in all cases decided in its favor by the Court of
Tax Appeals and the ordinary courts 3) Administer supervisory and police powers conferred
by National Internal Revenue Code as amended by R.A. 8424 or other laws.
BUREAU OF CUSTOMS (BOC) As mandated by Section 602 of the TCCP; Assess and collect
lawful revenues: 1) Prevent smuggling and other frauds 2) Control vessels/aircrafts doing
foreign trade 3) Enforce tariff and customs laws 4) Control the handling of foreign mails for
revenues and prevention purposes 5) Control import and export cargoes6) Jurisdiction over
forfeiture and seizure cases
BUREAU OF TREASURY (BTR)1) Assist in formulation of policies on borrowing, investment
and capital market development;2) Formulate adequate operational guidelines for fiscal and
financial policies;3) Assist in preparation by government agencies concerned of an annual
program, for revenue and expenditure targets, borrowing levels and cash balances of
National Government (NG);4) Maintain books of accounts of the NG cash transactions;5)
Manage cash resources of NG, collect advances made, and guarantee and forward cover
fees due NG;6) Control and service NG public debt, both foreign and domestic;7) Issue,
service, redeem government securities for account of NG as may be authorized by the
President pursuant to law.
BUREAU OF LOCAL GOVERNMENT FINANCE (BLGF) Department of Finances (DOF)
directly responsible over the fiscal and financial affairs of local government. Under a
decentralized regime, BLGF provides a catalytic role in effective and sustainable
management of fiscal and financial resources of LGUs, transforming them into self-reliant
communities. It is vigilant and dedicated to pursuit of development and professionalization
of its employees including those of the local treasury and assessment services.Mandate: 1)
Section 43 of Executive Order No. 127, as amended, other pertinent provisions of Local
Government Code of 1991, BLGF shall: Assist in formulation and implementation of policies
on local government revenue administration and fund management; 2) Assist LGU in
development and implementation of Real Property Tax Administration (RPTA) projects;
INSURANCE COMMISSION (IC) Mandate: 1) To promote growth and financial stability of
insurance companies. 2) To professionalize insurance services and develop insurance
consciousness among the general populace 3) To establish a sound national insurance
market, and 4) To safeguard the rights and interest of the insuring people.
NATIONAL TAX RESEARCH CENTER (NTRC)Mandate: 1) To promote a tax system that will
ensure a fair distribution of the tax burden among the Filipino taxpayers. 2) To recommend
necessary improvements in the tax system by conducting continuing quality research on
taxation. 3) To provide responsive staff support to fiscal policy makers.4) To provide
opportunities for professional growth and promote the well-being of our personnel.
CENTRAL BOARD OF ASSESSMENT APPEAL (CBAA)Mandate: 1) To warrant observance
of the due process of law clause mandated by the Constitution in the assessment and
collection of real property taxes by the government,2) To ensure that the taxpayers are
given the opportunity to be heard.
PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC)INSURER, provides adequate
depositor protection and education and ensure immediate processing and settlement of
depositor claims;As REGULATOR, conducts diligent monitoring and examination of member
banks and implement prompt, decisive and prudent interventions; As RECEIVER, implements
efficient receivership, judicious rehabilitation, and expeditious liquidation of closed banks.

PHILIPPINE EXPORT-IMPORT CREDIT AGENCY (PHILEXIM)Mission:To stimulate, increase

and develop the export of goods and services, and to facilitate investment in strategic
sectors for the countrys development by extending guarantees, insurance, credit and
related technical assistance services to viable enterprises