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  • Safari - 24 Apr 2019 at 2:35 PM

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    Stephany Polinar
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    The document discusses the power and authority of the Commissioner under the Tax Reform for Acceleration and Inclusion (TRAIN) law compared to previous provisions. It notes that under TRAIN, the Cooperative Development Authority must submit reports on tax incentives claimed by cooperatives, which will be included in the Tax Incentives Management and Transparency Act database. It also states that the Commissioner's authority to obtain information is notwithstanding any law, rule or regulation to the contrary.

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    The document discusses the power and authority of the Commissioner under the Tax Reform for Acceleration and Inclusion (TRAIN) law compared to previous provisions. It notes that under TRAIN, the Cooperative Development Authority must submit reports on tax incentives claimed by cooperatives, which will be included in the Tax Incentives Management and Transparency Act database. It also states that the Commissioner's authority to obtain information is notwithstanding any law, rule or regulation to the contrary.

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    12 views1 page

    Safari - 24 Apr 2019 at 2:35 PM

    Uploaded by

    Stephany Polinar
    The document discusses the power and authority of the Commissioner under the Tax Reform for Acceleration and Inclusion (TRAIN) law compared to previous provisions. It notes that under TRAIN, the Cooperative Development Authority must submit reports on tax incentives claimed by cooperatives, which will be included in the Tax Incentives Management and Transparency Act database. It also states that the Commissioner's authority to obtain information is notwithstanding any law, rule or regulation to the contrary.

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    of 1

    2. BIR_TRA ... e CIR.

    pptx

    Page 1 of 4

    Briefing on RA 10963: Tax Reform


    for Acceleration and Inclusion
    (TRAIN) – Power and Authority of
    the Commissioner

    Page 2 of 4
    NIRC NIRC TRAIN
    Provision
    Section 5 Provides for the Additional
    (B) Power authority of the provision:
    The Cooperative
    of the Commissioner to obtain development Authority
    Commissionerinformation from shall submit a report on
    to obtain national and local tax incentives availed by
    Theses information shall
    information governments, cooperatives
    be included into the
    the BIR
    Tax
    to summon, government agencies and DOF. Management
    Incentives
    examine and instrumentalities
    and Transparency Act
    and take
    (TIMTA) database.
    testimony
    of persons
    Page 3 of 4
    NIRC NIRC TRAIN
    Provision
    Section Page
    The Commissioner 2 or / Additional
    4
    Power of This authority is
    6 his duly authorized proviso:
    the nothwithstanding any

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