Revenue Memorandum Order (RMO) No. 64-2016 was recently issued by the bureau to amend the policies and procedures requiring the approval of the Commissioner of Internal Revenue before a taxpayer may be audited for the (3rd) time and the removal of the fifty (50%) surcharge.
AMENDMENT
For purposes of auditing a taxpayer for the three succeeding years, the policy
stated in Sec. lll No.4 of RMO NO. 19-2015 is hereby amended to read as follows:
"lf the taxpayer has been audited for the last two (2) years and has been selected
for audit an the current or third (3rd ) year, the RDO/LTD/LTAD shall encode right away the
requested audit of the subject taxpayer in eLAMS/ eTIS-CMS which shall be approved by
the Regional Director/ Assistant Commissioner who heads the investigating office. The
Selection Code shall depend on the reason why the taxpayer has been selected."
"Then deficiency assessment on these cases shall only be imposed with twenty-five
percent (25%) surcharge unless the under declaration of income or overstatement oi
expenses/ deductions reaches 30% or more which shall be imposed with fifty percent
(50%) surcharge."
Please refer http://www.bir.gov.ph/images/bir_files/internal_communications_3/Full%20Text%20of%20RMO%202016/RMO%20No.%2064-2016.pdf of RMO No. 64-2016
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