Tuesday, August 12, 2008 Tax notes:Authorized signatories for LAs, TVNs
FOR purposes of issuing letters of authority (LAs) and tax verification notices (TVNs) for the audit/verification of 2007 tax returns prescribed under Revenue Memorandum Order (RMO) 20-2008, the following are designated signatories with respect to regional assessment cases:
1. For LAs on 2007 income and business tax returns, and mandatory cases—Regional Director
2. For TVNs on 2007 income and business tax returns, and mandatory cases – Revenue District Officers
Mandatory cases include claims for issuance of tax credit or refund, estate tax returns, taxpayers retiring from business, taxpayers undergoing merger, consolidation, split-up, spin-off and other types of corporate reorganizations, protested cases, and taxpayers that transferred their principal place of business in taxable year 2007.
Under RMO 21-2008, the regional director may recommend the revocation of the authority of the revenue district officer to issue TVNs upon written recommendation and approval of the Commissioner of Internal Revenue, through the Deputy Commissioner-Operations Group. (Source: Punongbayan & Araullo)
