November 23, 2018
REVENUE REGULATIONS NO. 24-18
| SUBJECT | : | Further Amending Section 9 of Revenue Regulations No. 25-2003 Relative to the Determination by the Department of Energy Whether the Automobiles Subject to Excise Tax Exemption are Hybrid or Purely Electric Vehicles Pursuant to the Provisions of Republic Act No. 10963, Otherwise Known as the "Tax Reform for Acceleration and Inclusion (TRAIN) Law" |
| TO | : | All Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997 (NIRC), as amended, in relation to Section 84 of Republic Act No. 10963, otherwise known as the "TRAIN Law," these Regulations are hereby promulgated to further amend Section 9 of Revenue Regulations No. 25-2003, as amended by Section 4 of Revenue Regulations No. 05-2018, providing for the Department of Energy (DOE) to determine whether the automobiles subject to excise tax exemption are hybrid vehicles or purely electric vehicles pursuant to the provisions of the TRAIN Law. HTcADC
SECTION 2. Purpose of Regulations. — The purpose of these Regulations...
