Special InTAX: February 2022 Issue 1 | Volume 1

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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special intax

Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 16-2022, 31 January 2022, to clarify the scope and coverage of the extension of deadlines granted pursuant to Revenue Regulations (RR) No. 1-2022, particularly item 1 and 3 of Section 2.

Section 2 of RR No. 1-2022

Clarifications provided

(1)   Submission and/or filing of the documents and/or returns, as well as the payment of the corresponding taxes due thereon;

This shall include submission of all required documents, including but not limited to Inventory Lists, and all returns, whether tax returns or information returns, including Alphalists, among others. It shall also include registration of books of accounts.

(3)  Filing of application for tax refund, including VAT refund, and processing of VAT refund claim;

On the extension of filing of VAT refund claims, the extension of thirty (30) days also applies even if the applicant is a registered taxpayer in the area declared as Alert Level 1 or 2 provided that the venue of the filing thereof is in the area declared as Alert Level 3 or higher. This case is applicable to the filing of claims in the VAT Credit Audit Division (VCAD) at the National Office of direct exporters who are registered in various RDO jurisdiction. Also, the extension shall apply to the processing period prescribed for VAT refund processing. For example, if the VAT refund claim was filed on the 15 December 2021, the 90-day processing period is until 14 March 2022. However, in view of the declaration of Alert Level 3 in the National Capital Region, the processing of VAT refund claim shall be extended until 13 April 2022 (30 days from 14 March 2022).

 

Moreover, the extension of deadlines covering all the items in Section 2 of RR No. 1-2022 applies to all taxpayers within the jurisdiction not only of the Revenue Regional (RRs) and Revenue District Offices (RDOs) but also of the Large Taxpayers Services (LTS) Offices of the BIR classified under Alert Level 3 or higher by the IATF on January 2022.

(RGM&Co. Note: RR 1-2022 was published in the Manila Times on 31 January 2022).

 

Attached is the full text of the issuance.

Revenue Memorandum Circular No. 16-2022

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