Summary
RMO No. 23-2007 provides supplemental policies on the 2007 Audit Program by adding cases that Regional Offices and Revenue District Offices may audit.
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Key points
- Fiscal year annual returns. These offices may issue Letters of Authority and Tax Verification Notices, following the threshold in RMO No. 12-2007, for all fiscal year annual returns already filed in the region or due for filing as of August 31, 2007.
- FY 2006 VAT returns. VAT returns for FY 2006 filed in the region or due as of August 31, 2007 may be subjected to short period audit at the option of the concerned Regional Directors.
- Reporting. The supplemental cases are included in the reporting requirements under RMO No. 12-2007.
Who is affected
- Regional Offices and Revenue District Offices
Deadlines and effectivity
- Audit of the supplemental cases starts September 3, 2007
- Returns filed or due as of August 31, 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.