Summary
RMO No. 17-2017 prescribes the policies and procedures for monitoring compliance of Top Taxpayers in twelve (12) Revenue Regions that contribute the largest share of total BIR collection.
Key points
- Covered regions. The twelve regions are Revenue Region Nos. 1, 4, 5, 6, 7, 8, 9A, 9B, 12, 13, 16 and 19.
- Covered taxpayers. The Top 500 non-individual taxpayers in these regions who meet the Large Taxpayer criteria under Revenue Regulations No. 17-2010 but have not been notified as such by the Commissioner of Internal Revenue. National Government Agencies, Local Government Units, GOCCs and State Universities and Colleges are excluded.
- Medium Taxpayers segment. These Top Taxpayers form the Medium Taxpayers segment of the BIR and are monitored by their respective Regional Office.
- Monitoring teams. A Regional Monitoring Team under the Regional Director performs the functions specified in the Order. A National Monitoring Team oversees the regional teams, undertakes a national analysis of taxpayer compliance and provides specific guidelines on their operations.
Who is affected
- Top 500 non-individual taxpayers in the twelve covered Revenue Regions not yet notified as Large Taxpayers
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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