REVENUE MEMORANDUM CIRCULAR NO. 56-2021 issued on May 3, 2021 circularizes the Implementing Rules and Regulations (IRR) of Section 4 (nnn) of Republic Act (RA) No. 11494 (Bayanihan to Recover as One Act).
      The said IRR specifies the creation of a Committee that will identify the projects that shall be granted regulatory relief and the specific permits, licenses, certificates, clearances, consents, authorizations, or resolutions that shall be waived in accordance with Section 4 (nnn) of RA No. 11494. The Committee shall be composed of the Secretary of Finance, as Chairperson; and the Secretary of Environment and Natural Resources and Secretary of Trade and Industry, as members.
        The Committee shall consider the general principles specified in the IRR in identifying which Covered projects shall be granted regulatory relief and the specific Requirement/s that shall be waived. Requirements relating to the following are not allowed to be waived: 
        a. Taxes, which refer to both the national taxes supervised and administered by the Bureau of             Internal Revenue or any other government agency; and local taxes levied and administered by             the Local Government units;
         b. Duties administered by the Bureau of Customs (BOC) relating to the following:
            i. Assessment and collection of the lawful revenues from imported articles and all other dues,               fees, charges, fines and penalties accruing under the tariff and customs laws payable to the                  BOC; and
              ii. Enforcement of the tariff and customs laws and all other laws, rules, and regulations                           relating to the tariff and customs administration;
         c. National border controls administered by various National Government Agencies, including                the Bureau of Immigration, Bureau of Customs, and Bureau of Quarantine; and
          d. Environmental laws and regulations administered by the Department of Environment and                  Natural Resources and its attached bureaus and agencies.
         The Process for Applying for Regulatory Relief, Application Procedures and Effects of the Grant and Denial of Regulatory Relief are specified in the IRR.