Reiterating Revenue Regulations No. 10-96 dated August 7, 1996 Implementing the Provisions of Sections 9 and 18 of Republic Act No. 7686, "An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefor and for Other Purposes"

May 27, 2020REVENUE MEMORANDUM CIRCULAR NO. 050-20SUBJECT  :Reiterating Revenue Regulations No. 10-96 dated August 7, 1996 Implementing the Provisions of Sections 9 and 18 of Republic Act No. 7686, "An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefor and for Other Purposes"   TO : All Internal Revenue Officials, Employees and Others Concerned This Circular is being issued to reassure the tax incentives granted under Republic Act No. 7686 (RA 7686) or "An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefor and for Other Purposes to the Dual Training System," and to confirm the Bureau of Internal Revenue's (BIR) commitment to the Technical Education and Skills Development Authority (TESDA) to implement and reiterate the provisions of Revenue Regulations No. 10-96 dated August 7, 1996...