Revenue Memorandum Circular · RMC
RMC No. 11-2022
To circularize Republic Act No. 11595 for the information and guidance of all internal revenue officials, employees and others concerned, attaching a copy of the law as Annex "A" and enjoining wide publicity of the circular within the BIR.
- Document type
- RMC
- Number
- 11
- Year
- 2022
- Text quality
- Not specified
Document text
Reference copy · verify against the official sourceThis circular (dated January 2022) simply transmits, for the information and guidance of BIR officials, employees and others concerned, a copy of Republic Act No. 11595, which amends Republic Act No. 8762 (the Retail Trade Liberalization Act of 2000) by lowering the required paid-up capital for foreign retail enterprises. The law is attached as Annex "A". The circular itself sets out no new tax rules or procedures; it directs all internal revenue officials and employees to give it as wide publicity as possible. Because the annexed law's text is not included in the provided excerpt, its specific provisions cannot be summarized from this document.