Publishing the Updated National Internal Revenue Code of 1977

May 29, 1981 REVENUE MEMORANDUM CIRCULAR NO. 20-81 SUBJECT : Publishing the Updated National Internal Revenue Code of 1977 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, there is hereby published the updated National Internal Revenue Code of 1977, which contains all Presidential Decrees, enactments of the Batasang Pambansa and all other Presidential Issuances on tax matters up to May 1981. cdt The subject matter of the appendices were trimmed down by eliminating statutes and decrees which have been incorporated in the Tax Code and those which have lost their relevance. casia The footnotes were transferred from the end of the codal provisions to the bottom of each respective pages. The publication of the updated Tax Code is necessary in order to keep the tax authorities and the public abreast of the changes in the tax laws. This Code shall be considered as the official National Internal Revenue Code and shall henceforth be used as the official reference. RUBEN B. ANCHETA Acting Commissioner