Summary
RMC No. 63-2013 clarifies the taxable year covered by Revenue Regulations No. 12-2013.
Key points
- No deduction without withholding. As RR No. 12-2013 states, no deduction is allowed when no tax was withheld under Secs. 57 and 58 of the Code. This holds even if withholding tax is paid at the time of audit investigation or reinvestigation or reconsideration.
- Taxable year covered. The provisions of RR No.12-2003 apply to audit investigation for taxable year 2013.
Deadlines and effectivity
- Applies to audit investigation for taxable year 2013
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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