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RMO No. 46-2000: Prescribes the audit policies and procedures in the investigation of internal revenue tax liabilities of enterprises registered with the Philippine Export Zone Authority

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Summary

RMO No. 46-2000 sets the audit policies and procedures for investigating the internal revenue tax liabilities of enterprises registered with the Philippine Export Zone Authority (PEZA) for taxable year 1999.

Key points

  1. Fiscal period taxpayers. For taxpayers on a fiscal period, taxable year 1999 covers all corporations with fiscal years ending on or before June 30, 2000.
  2. Taxpayers left out of the Program. Taxpayers under the Large Taxpayers Service, Excise Taxpayers Service and Enforcement Service are not included. Taxpayers under a Revenue District Office’s regular audit are also excluded where the Regional Director already issued a Letter of Authority/Audit Notice (LA/AN) for them.
  3. Regional audit bodies. A Regional Coordinating Committee and a Regional Investigating Team will be created in all Regional Offices to investigate the identified PEZA cases.
  4. List of firms to audit. The Regional Director submits the list of recommended PEZA-registered firms to the ACIR, Assessment Service for pre-approval before any LA/AN is issued.

Who is affected

  • Enterprises registered with PEZA
  • Regional Directors

Deadlines and effectivity

  • Taxable year 1999
  • List due to the ACIR, Assessment Service: not later than October 31, 2000

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.