Special InTAX: December 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
Bureau of Internal Revenue
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 55-2022, dated 15 December 2022, which suspends all field audit and other field operations of the BIR relative to examinations and verifications of taxpayers’ books of accounts, records and other transactions from 16 December 2022 to 8 January 2023.
No written orders to audit and/or investigate taxpayers’ internal revenue tax liabilities shall be served, except in the following cases:
| • | Investigation of cases prescribing on or before 15 April 2023; |
| • | Tax evasion cases; |
| • | Processing and verification of estate tax returns, donor’s tax return, capital gains tax returns and withholding tax returns on the sale of real properties or shares of stock together with the documentary stamp tax returns related thereto; |
| • | Examination and/or verification of internal revenue tax liabilities of taxpayers retiring from business; |
| • | Monitoring of privilege stores (tiangge); and |
| • | Other matters/ concerns where deadlines have been imposed. |
Please click on the link for the full text of the issuance: RMO No. 55-2022
© 2024 R.G. Manabat & Co., a Philippine partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.