Circularizing R.A. No. 11595 (An Act Amending R.A. No. 8762, Otherwise Known as the 'Retail Trade Liberalization Act of 2000)

January 24, 2022 REVENUE MEMORANDUM CIRCULAR NO. 11-2022 SUBJECT : Circularizing Republic Act No. 11595, Entitled "An Act Amending Republic Act No. 8762, Otherwise Known as the 'Retail Trade Liberalization Act of 2000,' by Lowering the Required Paid-Up Capital for Foreign Retail Enterprises, and for Other Purposes" TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officials, employees and others concerned, attached as Annex "A" hereof is the copy of Republic Act No. 11595, entitled "An Act Amending Republic Act No. 8762, Otherwise Known as the 'Retail Trade Liberalization Act of 2000,' by Lowering the Required Paid-Up Capital for Foreign Retail Enterprises, and for Other Purposes." All internal revenue officials and employees are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A Republic Act No. 11595 December 10, 2021