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REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City March 15, 2018REVENUE REGULATIONS NO. 132018SUBJECT:Regulations Implementing the Valuated Tax Provisions under the
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First, review the specific revenue memorandum circular that needs to be filled out. Familiarize yourself with its purpose, requirements, and any accompanying guidelines or instructions.
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Gather all the necessary financial and business information that will be needed to complete the circular. This may include financial statements, sales data, expense records, and any other relevant documentation.
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Once you are satisfied with the accuracy and completeness of the information provided, submit the filled-out revenue memorandum circular to the relevant authority or department as instructed.

Who needs 2018 revenue memorandum circulars:

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Taxpayers who are required to comply with the regulations stated in the circulars.
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Revenue memorandum circulars are official documents issued by the tax authorities to provide guidance and clarification on tax laws and regulations.
Taxpayers who are affected by the guidance or clarification provided in the circulars are required to file revenue memorandum circulars.
Revenue memorandum circulars can be filled out by following the instructions provided in the circular. The taxpayer must provide accurate and complete information.
The purpose of revenue memorandum circulars is to ensure compliance with tax laws and regulations, provide guidance on specific tax issues, and promote uniform interpretation of tax laws.
On revenue memorandum circulars, taxpayers must report relevant information related to the specific tax issue addressed in the circular.
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