Tax Update 1 [Revenue Regulations (RR) No. 1-2025 dated 6 January 2025]

Amends RR No. 25-2003 on documentary requirements for BIR to verify excise tax exemption of hybrid and electric vehicles under TRAIN Law.

Further amending Section 9 of Revenue Regulations No. 25-2003 relative to the documentary requirements to be submitted by Motor Vehicle Manufacturer/Assembler/Importer as the basis for the BIR to determine whether the automobiles subject to Excise Tax exemption are hybrid or purely electric vehicles pursuant to the provisions of Republic Act No. 10963 (TRAIN Law)

RR No. 1-2025Download
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Founded in the heart of Davao City in 2020, Davao Accountants is a boutique corporate solutions firm dedicated to providing exceptional professional services tailored to the unique needs of our clients. Our boutique approach allows us to offer a personalized touch and a higher level of attention to detail that larger firms often overlook.

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