RMO No. 22-2008: Prescribes the guidelines for the short-audit of the 1st Quarter Value-Added Tax for taxable year 2008 of taxpayers under the jurisdiction of the Large Taxpayers Service and the Regional Offices

Key points

1. Who gets audited. The 1st Quarter 2008 VAT liabilities of taxpayers selected under the criteria of RMO No. 20-2008 are audited or verified by the concerned investigating offices.
2. Letters of Authority thresholds. LAs are issued for large taxpayers selected for audit. For regional taxpayers, LAs cover gross sales/revenues/receipts exceeding P 5,000,000.00 in Revenue Region Nos. 5, 6, 7 and 8 (Valenzuela, Manila, Quezon City and Makati), and exceeding P 2,000,000.00 in all other Regions.
3. Exception to the higher threshold. RDO Nos. 35, 36 and 37 (Romblon, Puerto Princesa and San Jose, Occidental Mindoro) are excluded from the P 5,000,000.00 group. They follow the P 2,000,000.00 threshold of the other Regions.
4. Tax Verification Notices thresholds. TVNs cover regional taxpayers with gross sales/revenues/receipts of P 5,000,000.00 and below in Revenue Region Nos. 5, 6, 7 and 8, and P 2,000,000.00 and below in all other Regions. RDO Nos. 35, 36 and 37 again follow the P 2,000,000.00 figure.
5. Who signs. The Regional Director issues the LAs for cases under his jurisdiction. The Revenue District Officers sign the TVNs.

Who is affected

• Large taxpayers
• Regional taxpayers in the Regional Offices

Deadlines and effectivity

• Covers the 1st Quarter of taxable year 2008