December 20, 2016
REVENUE REGULATIONS NO. 04-17
| SUBJECT | : | Amending Certain Provisions of Revenue Regulations No. 2-2016 |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Section 244, in relation to Section 245, of the National Internal Revenue Code (NIRC) of 1997, as amended, these Regulations are hereby promulgated to amend the pertinent provisions of Revenue Regulations (RR) No. 2-2016 particularly in the issuance of Authority to Release Imported Goods (ATRIGs) for imported automobiles already released from customs custody.
SECTION 2. Amendments. — Items III and IV of Revenue Regulations No. 2-2016 shall be amended as follows:
"III. Legal Basis
xxx xxx xxx
xxx xxx xxx
Finally, under the provisions of effective International Agreements and the principle of reciprocity, Recognized International Organizations and Foreign Embassies in the Philippines are exempted from all taxes, hence, the exemption from requirement of securing an ATRIG.
IV. When and under what circumstances ATRIG is issued
xxx xxx xxx
xxx xxx xxx
However, Foreign Embassies and Recognized International Organizations are exempt from securing ATRIG pursuant to the principle of reciprocity and international...
