RMO No. 16-2002: Prescribes the policies and procedures in the investigation of internal revenue tax liabilities of Local Government Units for Year 2001 and the 1st and 2nd Quarters of Calendar Year 2002

Key points

1. LGUs covered. The program covers LGUs with year 2001 Internal Revenue Allotment releases of more than Ten Million Pesos (P 10,000,000) each. It also covers LGUs with a decrease in total tax remittance of at least Fifty Thousand Pesos (P 50,000) compared to the preceding year.
2. Who investigates. A regional task force created for the purpose, or the Revenue District Office with jurisdiction over the LGU, conducts the investigation, at the option of the Regional Director.
3. Deadline. The audit, including issuance of the final assessment notice, must be finished on or before August 31, 2002.

Who is affected

• Local Government Units with 2001 Internal Revenue Allotment releases of more than P 10,000,000
• LGUs with a decrease in total tax remittance of at least P 50,000

Deadlines and effectivity

• Audit period: year 2001 and 1st and 2nd quarters of calendar year 2002
• Audit and final assessment notice done on or before August 31, 2002