LTFRB MEMORANDUM CIRCULAR NO. 2005-013

: The Land Transportation Franchising and Regulatory Board (LTFRB) coordinates with the Bureau of Internal Revenue (BIR) in the issuance of Memorandum Circular No. 2005-013.
: The main change is the requirement to submit a Tax Clearance duly issued by the BIR instead of submitting Income Tax Returns.
: All operators for all types of services regulated by the LTFRB are required to secure the Tax Clearance duly issued by the BIR.
: Operators must secure their Tax Clearance on or before the second Friday of May of each year.
: The penalty is Five Hundred Pesos (PhP 500.00) per year.
: The operator's unit or units shall not be confirmed for purposes of registration until the Tax Clearance is secured.
: No, submission of the Tax Clearance is also a requirement for all applications filed after the effectivity of this circular.
: Operators have sixty (60) days from the effectivity of the circular to submit copies of their Tax Clearance.
: Yes, they will not be penalized further for the current year but are still required to secure the Tax Clearance for their transactions with the Board.
: It took effect fifteen (15) days following the filing of three copies with the UP Law Center, pursuant to Presidential Memorandum Circular No. 11 dated October 9, 1992.