Summary
RMC No. 74-2016 streamlines the requirements and process for issuing tax clearances required under Executive Order No. 398.
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Key points
- Release period. A Tax Clearance is processed and released within two (2) working days from submission of the complete documentary requirements.
- Documentary requirements. The applicant submits a notarized, accomplished application with two (2) pieces loose Documentary Stamps. A print-out of the Certification fee paid through eFPS, with payment confirmation, and a Delinquency Verification are also required.
- Delinquency Verification. The Large Taxpayers Service or National/Regional Offices issue it, and it is valid for one (1) month from the date of issue. The concerned BIR offices issue it within twenty-four (24) hours from the taxpayer’s filing of the application.
Who is affected
- Taxpayers applying for tax clearances under Executive Order No. 398
Deadlines and effectivity
- Release: within two (2) working days from complete submission
- Delinquency Verification issued within twenty-four (24) hours from application
- Delinquency Verification valid for one (1) month
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.