RMO No. 22-2011 — Amends the Audit Criteria for Taxable Years 2009 and 2010 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City June 1, 2011 REVENUE MEMORANDUM ORDER No. 22-2011 SUBJECT : Amended Audit Criteria for Taxable Years 2009 and 2010 TO : All Internal Revenue Officials and Employees Concerned I. OBJECTIVE: To amend item II, paragraph 3 of Revenue Memorandum Order No. 4-2011 regarding taxpayers qualified under the Last Priority for audit status. . II. POLICIES AND GUIDELINES To be entitled to the Last Priority for audit status enunciated under RMO No. 4-2011, the following conditions must concur: A. Effective Income Tax Rate of 18%; B. Increase in Income Tax payment by at least 20% from the immediately preceding year; C. Full compliance with all the submission and reportorial requirements (i.e. SLSP, Alphalist, etc.). To constitute full compliance, all required fields of said reports must be properly filled- up; and D. No Letter Notice issued against the taxpayer. III. EFFECTIVITY This Order shall take effect immediately. (Original Signed) KIM S. JACINTO-HENARES Commissioner of Internal Revenue