RMO No. 34-2018: Amends the provision of RMO No. 32-2018 regarding the thresholds and prescribes additional policies and procedures for the issuance of Electronic Letters of Authority (eLAs) for office audit

Key points

1. Revised thresholds. For taxable year 2017 returns, the limit is ₱10,000,000.00 and below for RDOs under Revenue Regions 5, 6 (except RDO No. 36), 7 and 8. It is ₱5,000,000.00 and below for Regions 1, 4, 9A (except RDO Nos. 35, 37 and 63), 9B (except RDO No. 62), 11, 12, 13, 16 and 19.
2. Other thresholds. RDO No. 36 has a limit of ₱3,000,000.00 and below. Regions 2, 3, 10, 14, 15, 17 and 18, including RDO Nos. 35, 37, 62 and 63, have a limit of ₱2,000,000.00 and below.
3. Audit history and scope. An eLA is issued only to taxpayers not audited or investigated in the last three (3) years. One eLA is issued per taxable year covering all internal revenue tax liabilities, except a tax type previously examined, such as VAT, which is stated in the eLA. Claims for tax refund or TCC are excluded.

Who is affected

• Taxpayers within the stated gross sales or receipts thresholds under the listed RDOs

Deadlines and effectivity

• Applies to tax returns for taxable year 2017
• No audit or investigation in the last three (3) years