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REVENUE REGULATIONS NO. 10-2007 issued on August 1, 2007 amends further
Section 3 of Revenue Regulations (RR) No. 9-2001, as last amended by RR No. 5-2004, by
expanding the coverage of taxpayers required to file returns and pay taxes through the
Electronic Filing and Payment System (EFPS). The coverage now includes corporations with
paid-up capital stock of P 10,000,000 and above; corporations with complete computerized
system; and all government bidders pursuant to Executive Order (EO) No. 398, as
implemented by RR 3-2005. However, non-stock non-profit corporations are excluded from
the coverage of this Regulations.
These Regulations shall take effect on all returns to be filed in October, 2007 or after
15 days following publication in a newspaper of general circulation, whichever comes later.