RMC No. 85-2016 — Further clarifies certain issues concerning suspension of audit pursuant to RMC No. 70-2016, as supplemented by RMC No. 75-2016

BUREAU OF INTERNAL REVENUE Republic of the Philippines Department of Finance Quezon City RECORDS MGT. DIVISION FUFRAU OF JINTERNAL REVENUE RECEIVED AUG 1 2 2016 1:34PM 1MM aA

August 3, 2016

REVENUE MEMORANDUM CIRCULAR NO. 85-301U

SUBJECT Further Clarification on Issues Concerning Suspension of Audit Pursuant to Revenue Memorandum Circular (RMC) No. 70-2016. As supplemented by RMC No. 75-2016

TO All Revenue Officials, Employees and Other Concerned

(RMC) No. 70-2016, as supplemented by RMC No. 75-2016. clarify certain issues concerning suspension of audit pursuant to Revenue Memorandum Circular For the information and guidance of all concerned, this Circular is being issued to further

Q1. Is the processing of request/application for tax refund/tax credit certificate (TCC) covered by the suspension of investigation under RMC No. 70-2016?

A1. No. The processing of all requests/applications for Tax Refund/TCC regardless of Tax Type is not covered by the suspension of investigation. However, the subject of the Letter of Authority (LOA) to be issued shall cover only the specific Tax Type which is the subject of the request/application for refund/TCC.

Q2. Is the verification/evaluation of issued Letter Notices (LNs) covering taxable year 2013 covered by the suspension of investigation under RMC No. 70-2016?

A2. Yes. The verification/evaluation of issued LNs covering taxable year 2013 is suspended under RMC 70-2016. However, LNs covering taxable year 2013 with corresponding "open LOAs issued prior to July 1, 2016 are not covered by the suspension of investigation.

publicity as possible. All revenue officers and employees are hereby enjoined to give this Circular as wide a

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Commissioner of Internal Revenue CAESAR R. DULAY 00039 9