Summary
RMO No. 62-98 sets guidelines for submitting the report of all availments of compromise settlements under RMO No. 45-98.
Key points
- Inventory by Regional Directors. All Regional Directors submit an inventory of all compromise settlement availments with basic taxes not exceeding P500,000.
- Report contents. The report states, among others, taxpayer names, TIN and addresses, total amount involved, amount compromised, percentage of the basic tax and taxable years covered.
- Case classification. Cases are classified as involving large taxpayers, with warrants of distraint and levy, or pending in court. Cases involving criminal fraud are excepted from the last group.
Who is affected
- Regional Directors
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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