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RMO No. 07-99: Expands the coverage of audit by the Special Team on Banks, Insurance and Financial Intermediaries to include the audit of all pre-need companies for taxable year 1997 and unverified prior years

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Summary

RMO No. 07-99 expands the audit coverage of the Special Team on Banks, Insurance and Financial Intermediaries under RSO No. 697-98 to include all pre-need companies.

Key points

  1. Added coverage. The audit of all pre-need companies is added, for taxable year 1997 and unverified prior years.

Who is affected

  • Pre-need companies

Deadlines and effectivity

  • Covers taxable year 1997 and unverified prior years

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

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