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RMC No. 38-2008: Requires the continuous observance of the existing responsibilities by large taxpayers transferred from the supervision of Large Taxpayers Service to the Regional Offices

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Summary

RMC No. 38-2008 requires large taxpayers transferred from the Large Taxpayers Service (LTS) to the Regional Offices to keep observing their existing responsibilities.

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Key points

  1. Classification continues. The transferred large taxpayers stay classified as large taxpayers as long as they remain qualified under existing criteria.
  2. Continuing obligations. They must file and pay taxes through the Electronic Filing and Payment System. They must also withhold tax on purchases of goods and services from taxpayers in the top 10,000 corporations, in addition to other purchases subject to withholding under existing Revenue Regulations.
  3. Handling by RDOs. The Revenue District Offices now handling these taxpayers include them under the Taxpayer Account Management Program.

Who is affected

  • Large taxpayers transferred from the LTS to the Regional Offices

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.