The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 1-2023 on January 18, 2023 to provide the guidelines for the availment of the tax privileges granted to establishments that are giving ten percent (10%) discount and VAT exemption to qualified Solo Parents on their sale of goods identified in the “Solo Parents Welfare Act” (RA No. 11861).
Source: journal.com.ph
