April 2, 2018
REVENUE REGULATIONS NO. 15-18
| SUBJECT | : | Amends Revenue Regulations No. 8-2018 Particularly on the Due Date for the Updating of Registration from VAT to Non-VAT |
| 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 of 1997 (Tax Code), as amended, these Regulations are hereby promulgated to amend the transitory provisions of RR No. 8-2018 on the updating of registration from VAT to non-VAT which was due last March 31, 2018.
SECTION 2. Amendment. — Section 13 of RR 8-2018 is hereby amended by extending the deadline of registration updates to read as follows:
"SECTION 13. TRANSITORY PROVISIONS. — In connection with the provision of Section 24(A)(2)(b) and Section 2(A)(2)(c) of the Tax Code,as amended, all existing VAT registered taxpayers whose gross sales/receipts and other non-operating income in the preceding year did not exceed the VAT threshold of P3,000,000.00 shall have the option to update their registration to non-VAT until April 30, 2018, following the...
