Summary
RMC No. 02-2007 provides guidelines, in basic question and answer form, on implementing the Improved Voluntary Assessment Program (IVAP) under Revenue Regulations No. 18-2006.
Key points
- Scope of the guidelines. The Q&A guidelines cover the IVAP for taxable year 2005 and prior years, under certain conditions, pursuant to Revenue Regulations No. 18-2006.
Deadlines and effectivity
- Issued January 12, 2007
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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