Summary
RMC No. 77-2007 clarifies issues on the Tax Amnesty Program under Question and Answer No. 24 of RMC No. 69-2007, covering taxpayers who received “SLSP/BOC Letter Notices”.
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Key points
- Availing of the amnesty. The Circular presents how taxpayers with Letter Notices tagged “SLSP/BOC Letter Notices” can avail of the tax amnesty, and the amount payable in the scenarios it illustrates.
- Two kinds of Letter Notice. Where a taxpayer received both a TRS-LN and a Consolidated BOC/SLSP LN, the amnesty amount is based on the LN whose discrepancies produce the higher increase in assets or networth.
Who is affected
- Taxpayers with SLSP/BOC Letter Notices seeking tax amnesty
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.