REVENUE MEMORANDUM CIRCULAR NO. 50-2020 issued on May 27, 2020 reiterates Revenue Regulations (RR) No. 10-96, implementing the provisions of Sections 9 and 18 of Republic Act (RA) No. 7686 (An Act to Strengthen Manpower Education and Training in the Philippines by Institutionalizing the Dual Training System as an Instructional Delivery System of Technical and Vocational Education and Training, Providing the Mechanism, Appropriating Funds Therefore and for Other Purposes).

The BIR confirms its commitment to the Technical Education and Skills Development Authority (TESDA) to implement the tax incentives granted under Sections 9 and 18 of RA No. 7686 by reiterating the issuance of RR No. 10-96.

Further, the Circular clarifies that Sections 29 (h) and 94 (a)(3) of the National Internal Revenue Code (NIRC), as amended, respectively mentioned in subparagraphs (2) and (3) of Section 3 of RR No. 10-96 are now Sections 34 (H) and 101 (A)(2) of the NIRC of 1997, as amended.