Summary
RMC No. 15-2020, issued February 27, 2020, prescribes how taxpayers are informed of the procedures for responding to Deficiency Tax Assessments arising from audit or investigation.
Key points
- Guideline furnished to taxpayer. A guideline titled Procedures in Responding to the Deficiency Tax Assessments (Annex A of the Circular) is given to the taxpayer during the Discussion of Discrepancy.
Who is affected
- Taxpayers under audit or investigation who receive Deficiency Tax Assessments
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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