REVENUE REGULATIONS NO. 10-2004 issued on November 23, 2004 implements further the provisions of Sec. 4 of Republic Act No. 9238 by reimposing the 5% Gross Receipts Tax (GRT) on other non-bank financial intermediaries beginning January 1, 2004 and amends Sec. 4 of Revenue Regulations No. 9-2004 by including pawnshops under the classification of other non-bank financial intermediaries subject to the 5% GRT. All pawnshops are required to re-register from VAT taxpayers to Percentage taxpayers pursuant to the procedures that will be issued later by the Commissioner of Internal Revenue.