RMO No. 27-2008: Amends RMO No. 20-2007 to synchronize procedures prescribed therein with requirements under RR No. 30-2002, as amended by RR No. 8-2004, relative to the exercise of the compromise power of the BIR

Key points

1. The inconsistency. The last paragraph of RMO No. 20-2007 is stricter on paying a compromise than the last paragraph of Section 6 of RR No. 30-2002, as amended by RR No. 8-2004. The regulation lets the taxpayer pay the compromise offer before or after the NEB or REB approves it, at the taxpayer’s option.
2. Disapproved offers. If a compromise offer that was already paid is disapproved, it is handled under the prevailing procedures in the Revenue Memorandum Order issued for this purpose, including amendments.
3. Which rule prevails. A Revenue Regulations ranks higher than a Revenue Memorandum Order. RR No. 30-2002, as amended by RR No. 8-2004, prevails over RMO No. 20-2007 in case of conflict. Provisions of RMO No. 20-2007 not in line with the regulation are deemed modified.

Who is affected

• Taxpayers making compromise offers