RMO No. 11-99: Suspends the conduct of all tax examinations and verification of taxpayers’ records and other transactions effective March 1, 1999 until April 16, 1999

Summary

RMO No. 11-99 suspends all tax examination and verification of taxpayers’ records and other transactions from March 1, 1999 until April 16, 1999, so taxpayers can avail of the Economic Recovery Assistance Payment (ERAP) Program.

Key points

1. Suspension period. The suspension runs from March 1, 1999 to April 16, 1999.
2. Enforcement and processing exceptions. Not suspended are service of assessments, warrants and seizure notices for prescribing cases, and processing of Capital Gains Tax returns before Tax Clearance or Certificates Authorizing Registration are issued.
3. Examination exceptions. Examination or verification of transfer, excise and withholding taxes continues, as does examination of tax liabilities of taxpayers retiring from business.
4. Refund claims. Verification and processing of all claims for credits or refunds also continues.

Deadlines and effectivity

• Suspension: March 1, 1999 to April 16, 1999

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