Legal Heads Up

BIR Revenue Memorandum Circular No. 96-2018 (29 November 2018)

Clarifies the provisions to be included in RMC No. 50-2018 for the implementation of RA No. 10963 (TRAIN Law)

Provisions relative to the group health insurance premiums (Q7/A7) and director’s fees (Q34/A34), which are not affected by the provisions of the TRAIN Law, are deleted from RMC No. 50-2018. RMC No. 50-2018 was issued specifically to clarify the provisions of the TRAIN Law and its subsequent implementing revenue regulations.


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