Summary
RMO No. 51-2000 sets emergency measures for BIR offices to enhance tax collection and meet the collection goal for the Year 2000.
Key points
- Faster audits. Ongoing audits are fast tracked and completed before the end of December, with priority for cases that will yield tax collections by year-end.
- Daily sales monitoring. Revenue Officers monitor business sales through daily sales readings of cash register machines before the start of business, at mid day and at 5:00 PM. Selected business establishments will also be placed under surveillance.
- Compromise Settlement Program. The program under RMO No. 42-2000 is extended until December 31, 2000.
Who is affected
- BIR offices
- Business establishments with cash register machines
Deadlines and effectivity
- Audits completed before the end of December 2000
- Compromise Settlement Program extended until December 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.