The bureau just issued the Revenue Memorandum Circular No. 32-2014 extending the period within which to submit the required affidavit and official appointment books under section 3 of Revenue Regulations (RR) No. 4-2014.
The RR No. 4-2014 was took effect last April 6, 2014, entitled "Guidelines and Policies for the Monitoring of Service Fees of Professionals" that requires all exiting and registered self-employed professionals at the time of the effectivity of the RR to submit an affidavit (indicating the rates, manner of billings and the factors they consider in determining their service fees as well as to register their official appointment books within thirty (30) days from the date of RR's effectivity on April 6, 2014 or until May 6, 2014.
The bureau has extended from May 6, 2014 to May 31, 2014 to give ample time for all the parties concerned to prepare and comply with such a requirement, the period within which to submit said affidavit and to register the official appointment books under Section 3 of RR No. 4-2014.
Please refer ftp://ftp.bir.gov.ph/webadmin1/pdf/rmc_32-2014.pdf the full text of the RMC 32-2014.
http://philippinetaxtalk.blogspot.com/2014/03/guidelines-and-policies-for-monitoring.html
http://philippinetaxtalk.blogspot.com/2014/03/guidelines-and-policies-for-monitoring.html
