RMO No. 24-2010: Prescribes the policies and guidelines for the development of the Industry Champion Program of the BIR

Key points

1. Role of Industry Champions. Industry Champions are the principal office or person responsible for developing and sharing expertise and issues on identified industries and sectors.
2. Expertise and coordination. They tap industry experts to help identify and train personnel, coordinate with government regulatory offices, liaise with Industry Associations, subscribe to trade publications, and conduct training for BIR personnel. They also monitor transactions and developments from sources such as media, the internet and corporate annual reports.
3. Policy and enforcement functions. They recommend pertinent revenue issuances, give inputs for communicating tax issues to stakeholders, and set industry benchmarks and standards for BIR administration and enforcement. They also organize tax audit task forces for selective industry audits and send regular reports to the Commissioner and other offices.
4. Work plan. Identified Industry Champions submit a 2010 work plan to the CIR and the Assistant Commissioner, Policy and Planning Service.
5. Other industries. The initial list of Industry Champions and assigned offices is in the Order. Industries and sectors not on it continue under existing directions and procedures until they are included in the Program.

Who is affected

• Industry Champions (assigned BIR offices or persons)

Deadlines and effectivity

• Work plan due not later than March 31, 2010 or ten (10) days after the issuance of the RSO, whichever is later