RMO No. 06-2012: Prescribes the policies and guidelines for the physical/ocular inspection and supervision over the destruction/disposal or verification of casualty loss in cases wherein the inventories, machineries or equipments applied for destruction or disposal are located outside the territorial jurisdiction of Large Taxpayers Office or Revenue District Office where the taxpayer is registered

Summary

RMO No. 06-2012 sets policies for physical or ocular inspection and supervision of destruction, disposal or casualty loss verification when the items are outside the jurisdiction of the office where the taxpayer is registered.

Key points

1. Who conducts the inspection. The Large Taxpayers Office or RDO with territorial jurisdiction over the place of the items may inspect and supervise. This happens upon request and with proper coordination by the LT or RDO where the taxpayer’s principal office is registered.
2. BIR presence required. No inventory, machinery or equipment may be destroyed or disposed of without the presence and supervision of the authorized BIR representative.

Who is affected

• Taxpayers applying to destroy or dispose of inventories, machineries or equipment located outside their registered office’s jurisdiction

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