BUREAU OF INTERNAL REVENUE

2001 REVENUE REGULATION

2001 BUREAU OF INTERNAL REVENUE

REVENUE REGULATION
RR NO.

SUBJECT MATTER

RR No. 1-2001

Extends further the deadline for the accreditation of Tax Agents to June 30,
2001

RR No. 2-2001

Prescribes the rules and regulations in the implementation of the provision on

Improperly Accumulated Earnings Tax

RR No. 3-2001

Grants moratorium on the withholding of Income Tax on the compensation

income of public elementary and secondary school teachers employed by the
national government
Extends up to April 18, 2001 the deadline for the filing of Income Tax Returns by
taxpayers with accounting period ended December 31, 2000

RR No. 4-2001

RR No. 5-2001

Revokes the requirement for non-resident citizens, overseas contract workers

and seamen to file information returns on income derived from sources outside
the Philippines
Amends pertinent provisions of certain revenue issuances relative to the
inclusion of additional taxpayers to be subject to Final Withholding Tax, revision
of the Withholding Tax rates on certain income payments subject to Creditable
Withholding Tax, time for the filing of various tax returns and payment of the
taxes due thereon and others

RR No. 6-2001
Further implements certain provisions of the Tax Code of 1997 relative to the
compromise settlement of internal revenue tax liabilities
RR No. 7-2001
Establishes the policies and procedures governing the availment of the
Voluntary Assessment Program granting taxpayers the privilege of last priority in
the audit and investigation of all internal revenue taxes for the taxable year
ending December 31, 2000 and all prior years under certain conditions
RR No. 8-2001
RR No. 9-2001

Regulates the electronic filing of tax returns and payment of taxes

Amends RR No. 8-2001 relative to the period of availment of the Voluntary
Assessment Program (VAP), additional benefits to taxpayers who availed of the
VAP and clarification of some of the conditions for the availment thereof

RR No. 10-2001
Amends RR No. 1-68, as amended, otherwise known as the Private Retirement
Benefit Plan Regulations
RR No. 11-2001

Amends pertinent provisions of certain revenue issuances relative to the

revision of the Withholding Tax rates on certain income payments subject to
Withholding Tax, deferment of the new deadline dates for filing selected tax
returns, reporting requirements for recipients of talent fees, and for other
purposes
RR No. 12-2001

RR No. 13-2001

Implements the provisions of the Tax Code regarding the authority of the
Commissioner of Internal Revenue to abate or cancel internal revenue tax
liabilities of certain taxpayers
Implements certain provisions of the Tax Code relative to the allowance of Net
Operating Loss Carry-Over (NOLCO) as a deduction from gross income

RR No. 14-2001
Revises the regulations on the manner of purchase and affixture or payment of
Documentary Stamp Tax on documents/facilities evidencing taxable transactions
RR No. 15-2001
Extends further the deadline for availment of the Voluntary Assessment Program
until December 15, 2001, and prescribes a more flexible manner of payment of
the amount due thereon
RR No. 16-2001
Implements the provisions on Community Mortgage Program under Republic
Act No. 7279, otherwise known as the "Urban Development and Housing Act of
1992"
RR No. 17-2001
Prescribes the guidelines on the monitoring of the basis of property transferred
and shares received, pursuant to a tax-free exchange of property for shares, as
well as establishes the policies governing the imposition of fees for the
monitoring thereof
RR No. 18-2001
Amends/updates the provisions contained in the agreement between the BIR
and the Authorized Agent Banks relative to the collection of internal revenue tax
liabilities through the banking system
RR No. 19-2001
Implements the provisions of Articles 61 and 62 of RA No. 6938, as amended,
relative to the availment of tax exemptions granted to cooperatives
RR No. 20-2001
Extends further the deadline for availment of the Voluntary Assessment Program
until December 28, 2001
RR No. 21-2001

DATE OF ISSUE

March 5, 2001

March 9, 2001

April 16, 2001

April 16, 2001

August 1, 2001

August 1, 2001

August 1, 2001

August 1, 2001
August 16, 2001

September 10, 2001

September 10, 2001

September 10, 2001

October 10, 2001

October 10, 2001

October 18, 2001

October 30, 2001

November 14, 2001

November 14, 2001

November 16, 2001

November 28, 2001

December 19, 2001