Tuesday, December 19, 2006 Tax notes: BIR suspends audit, field operations
ALL audit and other field operations of the Bureau of Internal Revenue (BIR) relative to examinations and verifications of taxpayers’ books of accounts, records and other transactions shall suspended from Dec. 18, 2006 to January 5, 2007 except in the following cases:
1. Investigation of cases prescribing on or before June 30, 2007;
2. Processing and verification of estate tax returns, donor’s tax returns, capital gains tax returns and withholding tax returns on the sale of real properties or shares of stocks together with the documentary stamp tax (DST) returns related thereto;
3.Examination and/or verification of internal revenue tax liabilities of taxpayers retiring from business;
4.Audit of National Government Agencies, local government units and government-owned and- controlled corporations (GOCCs) including subsidiaries and affiliates of GOCCs;
5.Tax mapping operations on “Privilege-Store,” popularly known as “tiangges,” with respect to the compliances of the exhibitors, organizers and Privilege-Store Operators with the requirements of the relevant provisions of the National Internal Revenue Code of 1997 and Revenue Regulations (RR) 16-2003, as amended by RR 24-2003;
6.Implementation of the Improved Voluntary Assessment Program of the Bureau under RR 18-2006 7.Implementation of the One-Time Administrative Abatement of all Penalties/Surcharges and Interest on Delinquent Accounts and Assessment (Preliminary or Final, Disputed or Not) as of June 30, 2006 under RR 15-2006.
8.Other matters/concerns where deadlines have been imposed or under the orders of the Commissioner of Internal Revenue.
