REVENUE MEMORANDUM CIRCULAR NO. 52-2019 issued on May 7, 2019 circularizes the “2019 List of Microfinance NGOs with Microfinance NGO Regulatory Council (MNRC) Accreditation” and “List of Microfinance NGOs Accredited in 2018 but valid until March 31, 2019” as of April 1, 2019.

The said Certificate of Accreditation shall be valid for a period of three (3) years from the date of issuance, unless otherwise revoked by the MNRC.

Revenue District Offices are reminded that Microfinance NGOs with duly issued Certification of Accreditation from MNRC shall be eligible to avail of the 2% gross receipt tax on income from microfinance operations in lieu of all national taxes, excluding those MFNGOs with expired accreditation from the MNRC beginning April 1, 2019.