[ BIR REGULATIONS NO. 05-2003, January 22, 2003 ]

RULES AND REGULATIONS TO IMPLEMENT THE REMITTANCE OF THE FOLLOWING: A) 70% SHARE OF THE ARMM IN THE WITHHOLDING TAX PAYMENTS OF NATIONAL GOVERNMENT AGENCIES (NGAS) AND IN THE NATIONAL COLLECTIONS FROM TAXPAYERS OTHER THAN NGAS AS PROVIDED FOR UNDER SECTION 9, ARTICLE IX OF R.A. NO. 9054, AMENDING THEREIN CERTAIN SECTIONS OF RR NO. 4-98; B) ALLOTMENT TO THE REGIONAL GOVERNMENT (RG) OF THE 30% SHARE OF THE NATIONAL GOVERNMENT (NG) OF ALL CURRENT YEAR COLLECTIONS OF INTERNAL REVENUE TAXES WITHIN ARMM FOR A PERIOD OF FIVE (5) YEARS AS MAY BE PROVIDED IN THE ANNUAL APPROPRIATIONS ACT AS PROVIDED FOR UNDER SECTION 15, ARTICLE IX OF R.A. NO. 9054; AND C) 50% OF THE 80% SHARE OF THE NG FROM THE YEARLY INCREMENTAL REVENUE FROM VAT COLLECTIONS WITHIN ARMM RECEIVED BY THE CENTRAL GOVERNMENT AS PROVIDED FOR UNDER SECTION 15, IN RELATION TO SECTION 9, BOTH OF ARTICLE IX OF R.A. NO. 9054 AS WELL AS IN RELATION TO SECTION 283 OF THE NATIONAL INTERNAL REVENUE CODE (NIRC) OF 1997