Summary
RMC No. 136-2020 clarifies the suspension of the statute of limitation under Revenue Regulations No. 11-2020.
Key points
- Suspension period. The suspension started on March 16, 2020, when the state of emergency was declared due to COVID-19, and runs until sixty (60) days after the lifting of the quarantine.
- Effect on prescriptive periods. The counting of the three (3)-year period to assess and the five (5)-year period to collect excludes the days of suspension, which total one hundred thirty-seven (137) days.
Deadlines and effectivity
- Suspension from March 16, 2020 until sixty (60) days after the lifting of the quarantine
- Total days excluded: 137
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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