Summary
RMO No. 26-2005 suspends until further notice the issuance of assessments for deficiency Value-Added Tax against cinema/theater operators and owners.
Key points
- Suspension. Deficiency VAT assessments against cinema or theater operators/owners are suspended until further notice.
- Condition. The taxpayer concerned must execute a waiver of the statute of limitations under the Tax Code.
Who is affected
- Cinema/theater operators and owners
Deadlines and effectivity
- Issued October 21, 2005
- Suspension lasts until further notice
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.