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Date: Oct. 25, 2023, 10:03 a.m.

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Date: 2023-10-26 12:38:30.000000

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Reference for Basis of Forex Translation

Published by Bureau of Internal Revenue(BIR) on Oct. 25, 2023.
Requested from BIR by J. Gabales at 10:03 AM on Oct. 25, 2023.
Purpose: Research
Date of Coverage: 10/25/2023 - 10/25/2023
Tracking no: #BIR-524287718764

H.XU Oct. 25, 2023, 10:03 a.m.

Hi, I was researching the appropriate translation rates and methods for foreign currency-denominated transactions. Kindly share the following RMC with me: 1. REVENUE MEMORANDUM CIRCULAR NO. 77-89 2. REVENUE MEMORANDUM CIRCULAR NO. 40-92 3. REVENUE MEMORANDUM CIRCULAR NO. 76-91 Please add any other reference that you may deem appropriate as well.

V.BADEO Oct. 26, 2023, 12:38 p.m.

October 26, 2023 Dear Ms. Xu: Thank you for your request dated Oct 25, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Reference for Basis of Forex Translation. We received your request on Oct 25, 2023 and will respond on or before Nov 15, 2023 10:03:51 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEEJJUi01MjQyODc3MTg3NjQM, for request with ticket number #BIR-524287718764. Thank you. Respectfully, Alternate FOI Receiving Officer Public Information and Education Division

R.DIVISION Oct. 26, 2023, 7:10 p.m.

October 26, 2023 Dear Hazelyn Xu, Greetings! Thank you for your request dated Oct 25, 2023 10:03:51 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Kindly check your email for the download links of your requested revenue issuances. Thank you. Respectfully, Records Management Division FOI Receiving Officer

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