The National internal Revenue Code of the Philippines : annotated

In the face of pending bills in the Congress recommending amendments to the NIRC (especially on income tax and excise taxes on certain products), I have decided to continue proofreading the proofs of this NIRC that have hibernated for the past two years in our editorial table. Some of the BIR circulars must have outlived their actual usefulness but occupying only a few pages, I just left them where they were, asking the reader to show understanding. But mind you, even if the NIRC is amended drastically, the amendments could not constitute even 1/4 of the entire Tax Code, hence, this revised edition will certainly be still most useful to the reader, considering that we will see to it that there will be the needed supplement.