8/18/2019 RMC 2003

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REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

July 18 !""#

REVENUE MEMORANDUM CIRCULAR NO. 43-2003

SUBJECT : Amending Ce!"in #$%i&i$n& $' Re%en(e Mem$"nd(m Ci)(*"

+RMC, N$. 3-2003 Reg"ding !e I&&("n)e $' Le!!e& $' A(!$i!/

+LA,A(di! N$!i)e& +AN,T"1 Vei'i)"!i$n N$!i)e& +TVN, C$%eing

!e A(di!Vei'i)"!i$n $' T"1"/e& T"1 Re!(n&T"1 Li"i*i!ie&

"nd #$%iding '$ C*"i'i)"!$/ 5(ide*ine& $n !e S(mi&&i$n $' 

Re$!& $' In%e&!ig"!i$n "nd S!"!(& Re$!& $' #ending C"&e& "&

6e** "& $n !e 7"nd*ing $' C"&e& I&&(ed (nde RMC 3-2003

TO : A** Re%en(e O''i)i"*&8 Re%en(e O''i)e& "nd O!e& C$n)ened

Ce$t%in &$o'i(ion( o) %n* +ui*eline( (et )o$t, in RMC 1#-!""# $el%ti'e to

t,e i((u%n.e o) Lette$( o) Aut,o$ity /LA0Au*it Noti.e( /AN0 o$ T%2 3e$i)i.%tion

 Noti.e( /T3N0 .o'e$in+ t,e %u*it'e$i)i.%tion o) t%2 $etu$n(t%2 li%4ilitie( %(

 &$o'i*e* )o$ un*e$ &%$%+$%&,( III515% III5154 %n* III5! t,e$eo) %$e %6en*e* %(

*i(.u((e* ,e$eun*e$5 Mo$eo'e$ +ui*eline( on t,e (u46i((ion o) $e&o$t( o) 

in'e(ti+%tion %n* (t%tu( $e&o$t( o) &en*in+ .%(e( %( 7ell %( on t,e ,%n*lin+ o) 

.%(e( i((ue* un*e$ RMC 1#-!""# %$e .l%$i)ie* )o$ e%(y .o6&li%n.e5

I. Amendmen! !$ Ce!"in #$%i&i$n& $' RMC 3-2003.

A50 P%$%+$%&, III515% i( ,e$e4y $e'i(e* %( )ollo7(

%5 Cl%i6( )o$ in.o6e t%2 $e)un* o$ i((u%n.e o) t%2 .$e*it .e$ti)i.%te

o$ in .%(e( o) in.o6e t%2 $etu$n( (,o7in+ .%$$y-o'e$ o) e2.e((

7it,,ol*in+ t%2 o$ 9u%$te$ly in.o6e t%2 &%y6ent( o) .o$&o$%te

t%2&%ye$( i$$e(&e.ti'e o) %6ount %n* .l%i6( )o$ in.o6e t%2

$e)un* o$ i((u%n.e o) t%2 .$e*it .e$ti)i.%te o$ in .%(e( o) in.o6e t%2

$etu$n( (,o7in+ .%$$y-o'e$ o) e2.e(( 7it,,ol*in+ t%2 o$ 9u%$te$ly

in.o6e t%2 &%y6ent( o) in*i'i*u%l( e2.ee*in+ One Hun*$e*T,ou(%n* Pe(o( /P: 1"""""5""0 7,i., 7ill $e9ui$e t,e

%u*itin'e(ti+%tion o) t%2&%ye$;( in.o6e in.lu*in+ 7it,,ol*in+ t%2

li%4ilitie( )o$ t,e .o'e$e* &e$io*

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B50 P%$%+$%&, III5154 i( ,e$e4y $e'i(e* %( )ollo7(

 45 Cl%i6( )o$ 3AT $e)un* o$ i((u%n.e o) t%2 .$e*it .e$ti)i.%te o$ in

.%(e( o) 3AT $etu$n( (,o7in+ e2.e(( in&ut t%2 %t t,e en* o) t,e

t%2%4le &e$io* e2.ee*in+ One Hun*$e* T,ou(%n* Pe(o( /P:

1"""""5""0 7,i., 7ill $e9ui$e t,e (&e.i)i. %u*itin'e(ti+%tion o) 

t,e 3AT li%4ilitie( only )o$ t,e .o'e$e* &e$io*<

C50 P%$%+$%&, III5! i( ,e$e4y %6en*e* %( )ollo7(

Lette$( o) Aut,o$ityAu*it Noti.e( )o$ t,e %4o'e e2.e&tion( (,%ll

 4e i((ue* 4y t,e Re+ion%l Di$e.to$ unle(( ot,e$7i(e *i$e.te* 4y t,e

Co66i((ione$5 It i( $eite$%te* ,o7e'e$ t,%t T3N( (,%ll .ontinue to

 4e (i+ne* 4y t,e Re'enue Di(t$i.t O))i.e$ in t,e )ollo7in+ in(t%n.e(

%5 Cl%i6( )o$ in.o6e t%2 $e)un* o$ i((u%n.e o) t%2 .$e*it .e$ti)i.%te

o$ in .%(e( o) in.o6e t%2 $etu$n( (,o7in+ .%$$y-o'e$ o) e2.e((

7it,,ol*in+ t%2 o$ 9u%$te$ly in.o6e t%2 &%y6ent( o) in*i'i*u%l(%6ountin+ to One Hun*$e* T,ou(%n* Pe(o( /P: 1"""""5""0 %n*

 4elo7 7,i., 7ill $e9ui$e t,e 'e$i)i.%tion o) t%2&%ye$;( in.o6e

in.lu*in+ 7it,,ol*in+ t%2 li%4ilitie( )o$ t,e .o'e$e* &e$io*<

 45 Cl%i6( )o$ 3AT $e)un* o$ i((u%n.e o) t%2 .$e*it .e$ti)i.%te o$ in

.%(e( o) 3AT $etu$n( (,o7in+ e2.e(( in&ut t%2 %t t,e en* o) t,e

t%2%4le &e$io* %6ountin+ to One Hun*$e* T,ou(%n* Pe(o( /P:

1"""""5""0 %n* 4elo7 7,i., 7ill $e9ui$e t,e (&e.i)i. 'e$i)i.%tion

o) t,e 3AT li%4ilitie( only )o$ t,e .o'e$e* &e$io*<

.5 Cl%i6( )o$ t%2 .$e*it$e)un* o) e2.i(e t%2 un*e$ Title 3I o) t,e NIRC o) 1==> $e+%$*le(( o) %6ount<

*5 Cl%i6( )o$ t%2 .$e*it$e)un* on e$$oneou(*ou4le &%y6ent o) 

t%2e( $e+%$*le(( o) %6ount<

e5 T%2&%ye$( 7,o %$e $eti$in+ )$o6 4u(ine(( 7it, +$o(( %((et( o) :P

1"""""""5"" %n* 4elo7< %n*

)5 P$ote(te* .%(e(.%(e( )o$ $ein'e(ti+%tion5

T,e %4o'e &oli.ie( %$e .on(i(tent 7it, t,e $ulin+ in t,e .%(e o) S%n

C%$lo( Millin+ Co5 In.5 '(5 Co66i((ione$ o) Inte$n%l Re'enue %n* Cou$t

o) A&&e%l( /?5R5 No5 1"##>= *%te* No'e64e$ !# 1==#0 (t%tin+ to t,e

e))e.t t,%t no t%2 $e)un* o$ .$e*it (,%ll 4e +$%nte* unle(( t,e t%2&%ye$-

.l%i6%nt(; entitle6ent t,e$eto ,%( 4een )i$(t *uly e(t%4li(,e* t,$ou+, &$io$ 

%u*it o$ 'e$i)i.%tion5

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AI. Addi!i$n"* 5(ide*ine& !$ !e #$*i)ie& L"id D$6n in RMC N$. 3-2003.

15 A( % .l%$i)i.%tion on t,e (u46i((ion o) $e&o$t( o) in'e(ti+%tion%u*it

$e&o$t( /*o.@et(0 o$ $etu$n o) %u*it .%(e( &u$(u%nt to Se.5 III5# o) RMC

 No5 1#-!""# &$e(.$i4in+ .%(e( (,%ll in %ll in(t%n.e( 4e .o'e$e* 4y

$e&o$t( o) in'e(ti+%tion 7,e$e%( LA(AN( o$ T3N( &$e'iou(ly i((ue*.o'e$in+ t,e %u*it'e$i)i.%tion o) .%(e( un*e$ 6%n*%to$y %u*it (,%ll 4e

.ontinue* )o$ %u*it'e$i)i.%tion %n* (,%ll 4e $e&o$te* 7it,in t,e $e9ui$e*

ti6e)$%6e )o$ %u*it .%(e( ,%n*le* un*e$ no$6%l .i$.u6(t%n.e(5

!5 A Su66%$y Li(t o) Un)ini(,e* C%(e( %( o) M%y #1 !""# &e$ Re'enue

Di(t$i.t O))i.e %( 7ell %( .%(e( ,%n*le* 4y t,e S&e.i%l In'e(ti+%tion

Di'i(ion i) %ny %( %llo7e* un*e$ %&&li.%4le $e'enue i((u%n.e (,%ll 4e

(u46itte* 4y t,e .on.e$ne* Re+ion%l Di$e.to$ t,$ou+, t,e De&uty

Co66i((ione$-O&e$%tion( ?$ou& to t,e Co66i((ione$ 7it,in )i)teen /10

*%y( )$o6 t,e %&&$o'%l o) t,i( O$*e$ .o&y-)u$ni(,e* t,e De&uty

Co66i((ione$-Le+%l %n* In(&e.tion ?$ou&5 T,e li(t (,%ll .ont%in t,e)ollo7in+ in)o$6%tion

%5 LAT3NMO nu64e$<

 45 LAT3NMO *%te<.5 N%6e o) t%2&%ye$<

*5 TIN o) t%2&%ye$<

e5 e%$ .o'e$e*<)5 T%2 ty&e .o'e$e*<

+5 N%6e o) Re'enue O))i.e$ %((i+ne*<

,5 St%tu( o) t,e .%(e< %n*i5 Re%(on )o$ t,e )%ilu$e to te$6in%te t,e .%(e5

A .o&y t,e$eo) (,%ll 4e )o$7%$*e* to t,e A((i(t%nt Co66i((ione$

A((e((6ent Se$'i.e )o$ $e.o$*in+ &u$&o(e( %n* to t,e A((i(t%nt

Co66i((ione$ In(&e.tion Se$'i.e )o$ t,e .on*u.t o) &e$)o$6%n.e %u*it

t,e$eon5

III. 7"nd*ing $' C"&e& I&&(ed (nde RMC 3-2003.

LA(AN(T3N( %l$e%*y i((ue* un*e$ RMC No5 1#-!""# (,%ll $e6%in

in )o$.e %n* t,e .%(e( (,%ll 4e &u$(ue* 4y t,e .on.e$ne* Re'enue Di(t$i.t

O))i.e( )ollo7in+ t,e +ui*eline( (et )o$t, in RMO No5 1#-!""!5

All .on.e$ne* %$e ,e$e4y enoine* to 4e +ui*e* %..o$*in+ly %n* +i'e t,i( Ci$.ul%$ 

%( 7i*e % &u4li.ity %( &o((i4le5

/O$i+in%l Si+ne*0

5UILLERMO L. #ARA9NO8 JR.

Co66i((ione$ o) Inte$n%l Re'enue