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SECTION 1. Scope. Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended, these Regulations are hereby promulgated to amend Sections 2 and 7(6) of Revenue Regulations (RR) No. 07-2010, as Amended by RR No. 08-2010, Implementing the Tax Privileges of  Republic  Act  (RA)  No.  9994,  Otherwise  Known  as  the  “Expanded  Senior Citizens Act of 2010”, and Prescribing the Guidelines for the Availment Thereof.

SECTION   2.  Notice  to  Taxpayers.   A  new  paragraph   to  be  known  as paragraph (n) is hereby inserted at the end of Section 2 of RR No. 07-2010, as amended, which shall read as follows:

“Section  2.  Definitions.-For  purposes  of  these  Regulations,  the  following terms and phrases shall be defined as follows:

xxx     xxx     xxx

n.   Identification  Document  -any  document  or  proof  of  being  a  senior citizen which may be used for the availment of benefits and privileges under these Rules. It shall be any of the following:

i.     Senior  Citizens’  Identification  Card  issued  by the Office  of Senior Citizens Affairs (OSCA) in the city or municipality where the elderly resides;

ii.     The  Philippine  passport  of  the  elderly  person  or  senior  citizen concerned; and

iii.     Government-issued  identification card (ID) which reflects on its face the name, picture, date of birth and nationality of the senior citizen which includes any of the following:

1)  Digitized Social Security System ID
2)  Government Service Insurance System ID
3)  Professional Regulation Commission ID
4)  Integrated Bar of the Philippines ID
5)  Unified Multi-Purpose ID (UMID)
6)  Driver’s License”

Section 7(6) of RR No. 07-2010, as amended, is hereby further amended to read as follows:

“SECTION  7. Tax Treatment  of the Discount Granted to Senior Citizens. – xxx xxx xxx The claim of the discount granted under the Act as an additional item  of  deduction  from  the  gross  income  of  the  seller  is  subject  to  the following conditions:

xxx     xxx     xxx

6.  The business establishment giving sales discounts to qualified Senior Citizens is required to keep a separate and accurate record of sales, which shall  include  the  name  of  the  Senior  Citizen,  Identification  Document, gross  sales/receipts,   sales  discount  granted,  dates  of  transactions   and invoice numbers for every sale transaction to Senior Citizen.”

SECTION  3. Repealing  Clause.  – Any rules and regulations,  issuances  or parts thereof inconsistent with the provisions of these Regulations are hereby repealed, amended or modified accordingly.

SECTION  4. Effectivity. – These  Regulations  shall  take  effect  fifteen  (15) days immediately  following  publication  in leading  newspaper  of general circulation.

(SGD) CESAR V. PURISIMA
Secretary of Finance

Recommending  Approval: (SGD) KIM S. JACINTO-HENARES
Commissioner  of Internal Revenue