BUREAU of Internal Revenue Commissioner Caesar R. Dulay’s first order of businesson Friday was to immediately suspend most tax audits on private taxpayers, indefinitely.
Revenue Memorandum Circular No. 70 states that “all field audit and other field operations... relative to examinations of taxpayers’ books of accounts, records and other transactions are hereby ordered suspended until further notice.”
This means no field audit, field operation, or any form of business visitation to execute Letters of Authority/Audit Notices (LAs/ANs), Letter Notices (LNs) or Mission Orders will be conducted for the meantime.
Exceptions include: cases where the investigation period will prescribe on or before Oct. 31, those involving processing and verification of tax returns submitted on the sale of real properties or shares of stock, and the audit of taxpayers retiring from business.
National government agencies, local government units, and state corporations will also continue to be subject to tax audit.
Audits will also proceed on matters subject to deadlines imposed by the Commissioner of Internal Revenue.
At the same time, Mr. Dulay sought the submission of an inventory of outstanding LAs/ANs and LNs by July 16.
Mr. Dulay made his first-day plans known to businessmen at the Sulong Pilipinas workshop in Davao City on June 20.
He claimed to have received information that letters of authority have been abused and tax investigations prolonged to allow “negotiations” with taxpayers.
TMAP President Benedict R. Tugonon said in a Twitter post that the issuance shows that “the new BIR Commissioner indeed listens to the grievances of taxpayers oppressed by a very centralized six-year rule.”
source: Businessworld
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