RMO No. 50-99: Extends the conduct of joint and coordinated examination of interrelated taxpayers and audit of banks, insurance and other financial intermediaries until September 30, 1999

Summary

RMO No. 50-99 extends RSO Nos. 673-98 and 697-98 up to September 30, 1999, given the intricacies of the transactions involved in auditing interrelated taxpayers, banks and insurance companies.

Key points

1. Orders extended. The extension covers the joint and coordinated examination of interrelated taxpayers and the audit of banks, insurance and other financial intermediaries.

Who is affected

• Interrelated taxpayers
• Banks, insurance companies and other financial intermediaries

Deadlines and effectivity

• Extended up to September 30, 1999

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.