Summary
RMO No. 20-2006 amends certain Sections of RMO No. 35-2002 by adding a requirement to the application for Authority to Release Imported Goods (ATRIG).
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Key points
- Added documents. An individual registered taxpayer applying as importer must present photocopies of the latest Annual Income Tax Return (BIR Form No. 1700/1701). The Audited Financial Statements, stamped Received by the BIR office or Authorized Agent Bank if applicable, must accompany it.
- Certification and use. The Revenue District Officer where the importer is registered certifies the copies as true copies. They are used to evaluate the individual importer-applicant’s financial capacity to import.
Who is affected
- Individual registered taxpayers applying as importers
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.