Summary
RMC No. 02-2007 provides guidelines, in basic question and answer form, on implementing the Improved Voluntary Assessment Program (IVAP) under Revenue Regulations No. 18-2006.
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Key points
- Scope of the guidelines. The Q&A guidelines cover the IVAP for taxable year 2005 and prior years, under certain conditions, pursuant to Revenue Regulations No. 18-2006.
Deadlines and effectivity
- Issued January 12, 2007
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.