RR No. 9-2011: Amends RR No. 3-2011 relative to the policies, guidelines and procedures on the application for change in accounting period

Summary

RR No. 9-2011 amends RR No. 3-2011 by including the Large Taxpayers Service in the rules on applications for change in accounting period under Section 46 of the NIRC of 1997, as amended.

Key points

1. Where to send the request. A letter request must be addressed to the Revenue District Officer or the appropriate Large Taxpayers (LT) Office with jurisdiction over the taxpayer’s place of business.
2. Contents of the letter. The letter must state the original accounting period and the proposed new one, and the reasons for the change.
3. Amended provisions. Relevant portions of Sec. 5 of RR No. 3-2011 are amended as specified in the Regulations.

Who is affected

• Taxpayers applying to change their accounting period

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