The bureau issued recently the Revenue Memorandum Circular (RMC) No. 74-2016 dated July 13, 2016, in order to streamline the requirements and the process in issuing Tax Clearances required under executive Order No. 398 with details as follows:
1. The Tax Clearance shall be processed and released with two (2) working days from the submission of the complete documents.
2. The following are the documentary requirements necessary to support the application of the tax clearance:
2.1 Duly accomplished and notarized application form with two (2) pieces loose Documentary Stamp Tax;
2.2 Print-out of Certification fee paid thru the BIR's electronic Filing and Payment System (eFPS), with payment confirmation; and
2.3 Deliquiency Verification issued by concerned LTS or National/Regional Offices with a validity period of one (1) month from the date of issued.
The Deliquency Verification shall be issued by the concerned BIR Offices with twenty four (24) hours from filing of the application by the taxpayer.
3. The criteria for approving applications for Tax Clearance shall be governed by the provisions of existing issuances on the matter.
This order took effect immediately.
