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RR No. 23-2002: Extends further the deadline for the availment of the Voluntary Assessment and Abatement Program (VAAP) until December 16, 2002 as well as amends certain provisions relative to its coverage and rates

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Summary

RR No. 23-2002 amends RR Nos. 12, 17 and 18-2002 on the coverage, rates and deadline of the Voluntary Assessment and Abatement Program (VAAP), extending the deadline to December 16, 2002.

Key points

  1. Extended deadline. VAAP applications and the matching payments on voluntarily disclosed sales, receipts, income or taxable base must be received not later than December 16, 2002. Installment payment remains allowed.
  2. Wider coverage. The VAAP now covers special Income Tax paid under Republic Act No. 7916 (Special Economic Zone Act), Republic Act No. 7227 (Bases Conversion and Development Act) and other similar laws.

Who is affected

  • Taxpayers availing of VAAP
  • Taxpayers paying special Income Tax under RA No. 7916, RA No. 7227 and similar laws

Deadlines and effectivity

  • VAAP applications and payments due not later than December 16, 2002

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

Related issuances

CitesRR No. 02-2001RR No. 12-2002RR No. 17-2002RR No. 18-2002
Cited byRR No. 06-2003RR No. 28-2002

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.