Clarifications were made within certain provisions of RR No. 8 to 11-2018, thus implementing the income tax provisions of TRAIN Law.
Revenue Memorandum Circular No. 50-2018 provides a list of questions as well as clarifications on income and withholding tax provisions of Revenue Regulations No. 8-2018 to 11-2018, as amended by RR. No. 15-2018 and 14-2018, thus implementing the income tax provisions of Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law.
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