RMO No. 48-2000: Prescribes the policies and procedures in the re-classification of status of taxpayers who were previously classified as large taxpayers

Key points

1. Who becomes a regular taxpayer. Taxpayers previously classified as large taxpayers under RR No. 12-93 are classified as regular taxpayers unless they fall in one of three categories.
2. Categories that stay out. These are taxpayers notified as large taxpayers under RR No. 1-98, taxpayers under the Large Taxpayers District Office (LTDO) – Makati, and National Government Agencies covered by DOF-DBM-COA Joint Circular No. 1-2000.
3. Listing and notification. The Large Taxpayers Service issues the list of taxpayers to be reclassified and prepares the notification letters. The Revenue District Offices having jurisdiction over the head offices distribute them.
4. Returns after notification. After receiving the letter, reclassified taxpayers follow the procedures for returns to be filed set out in the Order.

Who is affected

• Taxpayers previously classified as large taxpayers under RR No. 12-93