TO increase the audit coverage of Value Added Tax (VAT)-registered taxpayers and facilitate completion and reporting of cases under VAT Audit Program (VAP), the Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Order (RMO) No. 59-2016 expanding the coverage of VAT audit investigations and introducing issue-based audit under the VAP.
The selection criteria of the cases for issue-based audit includes taxpayers with VAT returns reflecting erroneous input tax carry-over. While priority cases shall include the following:
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