Joint Administrative Order No. 01.2016/IRR of Republic Act No. 10708, "Tax Incentives Management and Transparency Act (TIMTA)"
Customs Memorandum Circular No. 094-16, issued on July 11, 2016, communicates the implementation of the Joint Administrative Order No. 01.2016, which provides the rules and regulations for the Tax Incentives Management and Transparency Act (TIMTA), as outlined in Republic Act No. 10708. The Bureau of Customs is instructed to disseminate this information within fifteen days of receipt. The order aims to ensure transparency and proper management of tax incentives in the Philippines. The circular is signed by Commissioner Nicanor E. Faeldon and includes a letter from Undersecretary Ma. Lourdes B. Recente of the Department of Finance.
Law Information
- Reference Number
- Customs Memorandum Circular No. 094-16
- Date Enacted
- Category
- Other Rules and Procedures
- Subcategory
- Bureau of Customs
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 11, 2016
CUSTOMS MEMORANDUM CIRCULAR NO. 094-16
| TO | : | All Deputy Commissioners |
| All Directors and Division Chiefs | ||
| All District/Port Collectors | ||
| And Others Concerned | ||
| SUBJECT | : | Joint Administrative Order No. 01.2016/IRR of Republic Act No. 10708, "Tax Incentives Management and Transparency Act (TIMTA)" |
Attached is the letter from Undersecretary Ma. Lourdes B. Recente, Department of Finance (DOF), furnishing this Bureau with a certified copy of Joint Administrative Order No. 01.2016 entitled: "Rules and Regulations to Implement Republic Act (RA) No. 10708, otherwise known as "Tax Incentives Management and Transparency Act (TIMTA)."
For your information and guidance.
Please confirm the dissemination of this circular throughout your offices within fifteen (15) days from receipt hereof.
(SGD.) CAPT. NICANOR E. FAELDONCommissioner
ATTACHMENT
DEPARTMENT OF FINANCE
July 4, 2016
HON. NICANOR FAELDONCommissioner
SUBJECT: Joint Administrative Order No. 01.2016
Dear Commissioner Faeldon:
May we respectfully furnish you a certified true copy of the Joint Administrative Order No. 01.2016 entitled, "Rules and Regulations to Implement Republic Act (RA) No. 10708, otherwise known as "Tax Incentives Management and Transparency Act (TIMTA)."
Thank you.
Very truly yours,
(SGD.) MA. LOURDES B. RECENTE
DOF Joint Administrative Order No. 001-16
Cite This Law
Joint Administrative Order No. 01.2016/IRR of Republic Act No. 10708, "Tax Incentives Management and Transparency Act (TIMTA)", Customs Memorandum Circular No. 094-16, Jul 11, 2016 (Philippines)
Joint Administrative Order No. 01.2016/IRR of Republic Act No. 10708, "Tax Incentives Management and Transparency Act (TIMTA)", Customs Memorandum Circular No. 094-16 (Phil. 2016)
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