Section 29Sec./Art. 29

Implementing Rules and Regulations.- Within thirty (30) days from the effectivity of this Act, the Commission jointly with the BSP, the DOF, BIR and the LRA, shall promulgate the necessary rules and regulations for the effective and faithful implementation of this Act:Provided,That within thirty (30) days from the effectivity of this Act, the DOF, upon recommendation of the BIR, shall promulgate the revenue regulations implementing the fiscal incentives under this Act. All the issuances pursuant to this Act must strictly comply with Republic Act No. 11032 or the "Ease of Doing Business and Efficient Government Service Delivery Act of 2018".

The non-promulgation of the implementing rules and regulations shall not prevent the implementation of this Act upon its effectivity.ℒαwρhi৷