February 26, 2018
REVENUE REGULATIONS NO. 010-18
| SUBJECT | : | Amending Section 10 of Revenue Regulations No. 10-2010 (Dated 06 October 2010) or the Exchange of Information Regulations |
| TO | : | All Internal Revenue Officers/Employees and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Section 244 in relation to Section 4 of the National Internal Revenue Code (NIRC) of 1997 (Tax Code of 1997), as emended, as well as to Republic Act (RA) No. 10021, or the Exchange of Information on Tax Matters Act of 2009, these Regulations are hereby promulgated to amend Section 10 of Revenue Regulations (RR) No. 10-2010, entitled "Exchange of Information Regulations."
SECTION 2. Objective. — This Regulation is issued in order for the Bureau to effectively and fully comply with the provisions on exchange of information contained in international conventions or agreements on tax matters to which the Philippines is a signatory or a party to as well as with RA No. 10021.
SECTION 3. Section 10 of RR No. 10-2010 is hereby amended to read as follows:
"SECTION 10. Notice to Taxpayers. —...
