Summary
RMC No. 87-2016 clarifies that obtaining information from taxpayers under an Exchange of Information request from a Tax Treaty Partner is exempt from RMC No. 70-2016.
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Key points
- Exemption from audit suspension. Collecting information from taxpayers to answer an Exchange of Information request from a Tax Treaty Partner is not covered by RMC No. 70-2016.
Who is affected
- Taxpayers asked for information under a Tax Treaty Partner request
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.