Clarifies the Provisions to be Included in RMC No. 50-2018 for the Implementation of R.A. No. 10963 or the TRAIN Law

November 26, 2018 REVENUE MEMORANDUM CIRCULAR NO. 096-18 SUBJECT : Clarifies the Provisions to be Included in Revenue Me morandum Circular (RMC) No. 50-2 018 for the Implementation of Republic Act (R.A.) No. 1 0963 or the TR AIN Law TO : All Internal Revenue Officers and Others Concerned In the implementation of the subject law, RMC No. 50-2018 was issued to address the frequently asked questions during the various briefings held relative to the said law. There were, however, further queries which were often raised but which were not part of the TRAIN law. Thus, there is a need to go over those questions/answers from the same RMC since it was issued specifically to clarify the provisions of the TRAIN Law and its subsequent implementing revenue regulations. In view of the foregoing, the implementation of the pertinent provisions under RMC No. 50-2018 relative to the group health insurance premiums (Q7/A7) and director's fees (Q34/A34), which were not affected by the provisions of the TRAIN Law, are hereby deleted from RMC 50-2018. cTDaEH All internal revenue officials and employees are enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue