RMC No. 73-2006: Suspends all audit and other field operations of the BIR effective December 18, 2006

Summary

RMC No. 73-2006 suspends all BIR audit and other field operations on examinations and verifications of taxpayers’ books, records and transactions from December 18, 2006 to January 5, 2007.

Key points

1. What is suspended. No audit, field operations or business visitations under Letters of Authority, Audit Notices, Tax Verification Notices, Mission Orders or other written audit orders may be carried out or issued during the period.
2. Exceptions. Exceptions include cases prescribing on or before June 30, 2007, and processing of Estate Tax, Donor’s Tax, Capital Gains Tax and related withholding and Documentary Stamp Tax returns on real property or share sales. Others are verification of retiring taxpayers, audit of national government agencies, LGUs and GOCCs, tiangge tax mapping, IVAP under RR No. 18-2006, the abatement under RR No. 15-2006, and matters with imposed deadlines or CIR orders.
3. Office work and service of notices. Examiners and investigators use the period for office work and to finish reports on cases with completed fieldwork. Assessment Notices, Warrants and Seizure Notices may still be served upon clearance of the CIR or Regional Director.

Who is affected

• BIR examiners and investigators
• Taxpayers subject to audit and field operations

Deadlines and effectivity

• Suspension from December 18, 2006 to January 5, 2007
• Exception for cases prescribing on or before June 30, 2007

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.