The implementation of Revenue Regulations No. 2-2011 dated March 1, 2011 which was issued pursuant to Section 244 of the Tax Code in relation to Sections 5 (B), 6 (H), 51 (A) (1), 51 (A) (2), 51 (A) (3) and 65 of the National Internal Revenue Code of 1997 (Tax Code), as amended is hereby suspended.

For your guidance.


Adopted: 10 March 2011


(SGD.) CESAR V. PURISIMA
Secretary of Finance

Recommending Approval:

(SGD.) KIM S. JACINTO-HENARES
Commissioner of Internal Revenue