Reportorial Rule for Leasing Commercial Spaces

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BIR REVENUE REGULATIONS NO. 12-2011: Reportorial Rule for Leasing Commercial Spaces

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Title Source: Supreme Court: Reportorial Rule for Leasing Commercial Spaces

Law: Bir Revenue Regulations No. 12-2011

Decision Date: Jul 25, 2011

BIR Revenue Regulations No. 12-2011 mandates that owners of commercial establishments ensure their tenants are BIR-registered taxpayers, requiring the submission of detailed leasing information to the Bureau of Internal Revenue to combat tax evasion and enforce compliance.

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