February 10, 2016
REVENUE REGULATIONS NO. 01-16
| SUBJECT | : | Amending Certain Provisions of Revenue Regulations No. 3-2005 |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to Sections 7 (a) and 244 of the National Internal Code of 1997, as amended, these regulations are hereby promulgated for the purpose of amending certain provisions of Revenue Regulations No. 3-2005, particularly in the issuance of Tax Clearance, one of the eligibility requirements pursuant to the Implementing Rules of Republic Act (RA) No. 9184, in relation to Executive Order (EO) No. 398.
SECTION 2. Amendment. — Items 2, 3 and 4 of Revenue Regulations No. 3-2005 shall be amended as follows:
"2.0 General Provisions
2.1 Latest Tax Returns as Pre-condition for Participation
2.1.1 EO 398 provides. — All persons, natural or juridical, local or foreign, desiring to enter into or participate in any contract with the government, its departments, bureaus, offices and agencies, including state universities and colleges, government-owned and/or controlled corporations, government financial institutions and local government units shall, as a pre-condition, submit, along with their proposal and/or bid,...
