Summary
RMO No. 38-98 amends RMO No. 11-98 by extending the period for investigating Value-Added Tax (VAT) returns from 30 to 60 days.
Key points
- Longer investigation period. The investigation period for VAT returns goes from 30 to 60 days.
- Revenue Officer deadline. A Revenue Officer must finish the case and submit the report of investigation within 60 days from the date the Letter of Authority was issued.
Who is affected
- Revenue Officers handling VAT return investigations
Deadlines and effectivity
- Investigation report: within 60 days from issuance of the Letter of Authority
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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