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Revenue Memorandum Circular · RMC

RMC No. 28-2022

To prescribe the guidelines in the submission of the Certificate of Entitlement to Tax Incentives (CETI) under Republic Act No. 11534 (Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.

Bureau of Internal RevenueIndependent research copy
Document type
RMC
Number
28
Year
2022
Text quality
Not specified

Document text

Reference copy · verify against the official source
RMC No. 28-2022 prescribes guidelines for the submission of the Certificate of Entitlement to Tax Incentives (CETI) under Republic Act No. 11534 (CREATE Law). All Registered Business Enterprises (RBEs) must apply for a CETI with their concerned Investment Promotion Agency (IPA) before filing their Annual Income Tax Return (AITR), and the CETI must be attached to the AITR filed with the BIR. The CETI is required for RBEs to avail of the Income Tax Holiday or preferential rate. The circular also repeals RMC No. 14-2012, which required submission of the Certificate for Entitlement to Income Tax Holiday (now CETI) within thirty (30) days from filing of the RBE's AITR.