Summary
RMC No. 60-2007 temporarily suspends Section B.2.c.3 of RMC No. 40-2006 on final approval by the Assistant Commissioner, Assessment Service of investigation reports for certain regional cases.
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Key points
- Suspended provision. The provision covers regional cases where the aggregate deficiency income and business taxes proposed to be assessed and collected are less than 40% of the aggregate basic tax due, with at least P5 Million aggregate tax due.
- Duration. The suspension lasts until a National Review Division is created and operationalized in the National Office, or an amendatory Order is issued.
Who is affected
- Regional cases with at least P5 Million aggregate tax due and deficiency taxes below 40% of basic tax
Deadlines and effectivity
- Until a National Review Division is operational or an amendatory Order is issued
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.