Summary
RMC No. 19-2010 directs concerned BIR offices to continue pending tax investigations of Cooperatives and issue assessments if warranted, under set audit guidelines.
Key points
- Cases before March 22, 2009. Tax cases existing before the effectivity of RA No. 9520 on March 22, 2009 are governed by the old Cooperative Code under RA No. 6938. RA No. 9520 has no retroactive effect.
- 2008 returns. For audit of 2008 returns, including those of fiscal period taxpayers whose taxable year ended before March 22, 2009, BIR offices may issue notices of investigation under the applicable Audit Program.
- Cases beyond March 22, 2009. For all other cases covering the period beyond March 22, 2009, BIR offices must first get authorization from the Cooperative Development Authority (CDA). The CDA or its Extension Office releases it, copy furnished the Cooperative, within twenty (20) days from receipt of the BIR request.
Who is affected
- Cooperatives under BIR tax investigation
- Concerned BIR offices
Deadlines and effectivity
- RA No. 9520 effectivity: March 22, 2009
- CDA authorization: within twenty (20) days from receipt of request
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.