Revenue Memorandum Circular (RMC) No. 36-2016 was issued by the bureau to clarify the effectivity of the submission of Certificate by the Responsible Certified Public Accountants on the Compilation Services for the Preparation of Financial Statements and Notes Thereto in relation to RMC No. 21-2016 circularizing the Professional Board of Accountancy Resolution No. 03, Series of 2016.
The implementation of the aforesaid requirement is still not applicable for the Income Tax Return (ITR) filing covering calendar year 2015, by which deadline is due on or before April 15, 2016; and will become effective only for the Financial Statements to be submitted for fiscal year ending June 30, 2016 and subsequent periods.
Please refer http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/RMC%20No%2036-2016.pdf of the full text of RMC No. 36-2016; http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/RMC%20No%2021-2016.pdf of RMC No. 21-2016 and http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/PRB_CPA_Reso2016_003_e.pdf of the full text of Annex A of RMC No. 21-2016.
