RMO No. 10-99: Prescribes the guidelines and procedures in the implementation of Revenue Regulations No. 2-99 relative to the availment of immunity from audit and investigation of Income Tax, VAT and Percentage Tax returns filed for taxable year 1998 granted under the ERAP Program

Summary

RMO No. 10-99 sets the guidelines and procedures for implementing Revenue Regulations No. 2-99 on immunity from audit and investigation of Income Tax, VAT and Percentage Tax returns filed for taxable year 1998 under the ERAP Program.

Key points

1. What the Order specifies. It states the condition for granting the immunity and the mechanics for availing of the Program, among other matters.

Who is affected

• Taxpayers who filed Income Tax, VAT and Percentage Tax returns for taxable year 1998

Deadlines and effectivity

• Covers returns filed for taxable year 1998

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