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BIR Revenue Regulations and What It Means for Businesses
Revenue Regulations (RR) are issuances that specify, prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes.
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What Is the RR 25-2020 and What This Revenue Regulation Means for Business Owners
The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations (RR) No. 25-2020 on September 30, 2020 prescribing the Rules and Regulations to implement Sec.