April 12, 2019
REVENUE REGULATIONS NO. 05-19
| SUBJECT | : | Implementing the Tax Incentives Provisions of Republic Act No. 10771, Otherwise Known as the "Philippine Green Jobs Act of 2016" |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to Section 244 of the National Internal Revenue Code of 1997 (Tax Code), as amended, the following Regulations are hereby promulgated to implement the tax provisions of R.A. No. 10771, otherwise known as the "Philippine Green Jobs Act of 2016."
SECTION 2. Definition of Terms. — For purposes of these Regulations, the following terms are operationally defined as follows:
(a) Business enterprises refer to establishments engaged in the production, manufacturing, processing, repacking, assembly, or sale of goods and/or services, including service-oriented enterprises. They shall include (1) self-employed or own-account workers; (2) micro, small and medium enterprises (MSMEs); and (3) community-based enterprises;
(b) Climate change refers to a change in climate that can be identified by changes in the mean or variability of its properties and that persists for an extended period typically decades or longer, whether due...
