Extension of the period for accreditation for the accelerated depreciation program

November 5, 1992 REVENUE REGULATIONS NO. 08-92 SUBJECT : Extension of the Period for Accreditation for the Accelerated Depreciation Program TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Scope . Pursuant to Sections 245 and 29(f) of the National Internal Revenue Code (NIRC), these Regulations are hereby promulgated to supplement the procedures for availing the accelerated Depreciation for Diesel-Powered Electric Power Generating Equipment. cd i 2 . Period of accreditation . The period during which persons may apply for accreditation with the National Power Corporation or MERALCO is further extended up to December 31, 1992. SECTION 3 . Procedures . All the procedures and requirements prescribed in Revenue Regulations No. 4-92 are still in effect. SECTION 4 . Effectivity . This Regulations take effect upon Approval. (SGD.) Ramon del Rosario, Jr. Secretary of Finance Recommended by: (SGD.) JOSE U. ONG Commissioner of Internal Revenue