Submission of the Certificate of Entitlement to Tax Incentives (CETI) under Republic Act No. 11534 — The CREATE Law

February 10, 2022 REVENUE MEMORANDUM CIRCULAR NO. 28-2022 SUBJECT : Submission of the Certificate of Entitlement to Tax Incentives (CETI) under Republic Act No. 11534 The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law TO : All Internal Revenue Officials, Employees and Others Concerned This Circular is being issued for the information and guidance of all internal revenue officials as well as all Registered Business Enterprises (RBEs) under Investment Promotion Agency (IPA) with regard to the submission of Certificate of Entitlement to Tax Incentives (CETI), formerly Certificate for Entitlement to Income Tax Holiday, to this Bureau. Pursuant to the provisions of Section 3 under Rule 8 of the Implementing Rules and Regulations (IRR) of CREATE Law, all RBEs shall apply for a CETI with their concerned IPA prior to the filing of Annual Income Tax Return (AITR). The CETI shall then be attached to the AITR filed with this bureau as provided by Section 4, Rule 8 of the aforementioned IRR. The CETI is a requirement for all RBEs in order to avail of the Income Tax Holiday (ITH) or preferential rate granted by CREATE law. This repeals the provisions stated in RMC No. 14-2012 dated April 4, 2012 which required the submission of the Certificate for Entitlement to Income Tax Holiday, now CETI, within thirty (30) days from filing of the RBE's AITR. All revenue officials, employees, and others concerned are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue