Publishing the Full Text of the Implementing Rules and Regulations of Republic Act No. 11256, also Known as "An Act to Strengthen the Country's Gross International Reserves, Amending for the Purpose Sections 32 and 151 of the National Internal Revenue Code (NIRC), as Amended, and for Other Purposes" of the Department of Finance (DOF)

April 6, 2020 REVENUE MEMORANDUM CIRCULAR NO. 040-20 SUBJECT : Publishing the Full Text of the Implementing Rules and Regulations of Republic Act No. 11256, also Known as "An Act to Strengt hen the Country's Gross International Rese rves, Amending for the Purpose Sections 32 and 151 of the National Internal Revenue Code (NIRC), as Amended, and for Other Purposes" of the Department of Finance (DOF) TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all internal revenue officers, employees and others concerned, attached is the full text of the Implementing Rules and Regulations (IRR) of Republic Act No. 11256, also known as "An Act to Strengthen the Country's Gross International Reserves, amending for the Purpose Sections 32 and 151 of the National Internal Revenue Code (NIRC), As Amended, and for Other Purposes" of the Department of Finance (DOF). DETACa All internal revenue officers, employees and others concerned are hereby enjoined to give this Circular as wide as publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ATTACHMENT Implementing Rules and Regulations of Republic Act No. 11256 March 6, 2020.