RR No. 21-2001 — Extends further the deadline for availment of the Voluntary Assessment Program until December 28, 2001 Digest | Full Text

December 18, 2001 REVENUE REGULATIONS No. 21-2001 SUBJECT: Extending Further the Deadline for Availment of Last Priority in Audit and Investigation Under the Voluntary Assessment Program (VAP), Amending for this Purpose Revenue Regulations No. 8-2001 as Amended by Revenue Regulations No. 10-2001 and Revenue Regulations No. 16- 2001 TO : All Internal Revenue Officials, Employees and Others Concerned ________________________________________________________________________ Due to the difficulty in the cash flow of business establishments resulting from global economic slowdown, the deadline for availment of the last priority in audit and investigation under the Voluntary Assessment Program shall further be extended, thereby amending Section 6 of Revenue Regulations No. 8-2001, as amended. SECTION 1. EXTENSION OF THE PERIOD WITHIN WHICH TO AVAIL THE VAP. Section 6 of Revenue Regulations No. 8-2001 as amended, is hereby further amended to read as follows: "SEC. 6. DEADLINE FOR AVAILMENT.- This Program is valid only until December 28, 2001." SECTION 2. EFFECTIVITY. - These Regulations shall take effect immediately. (Original Signed) JOSE ISIDRO N. CAMACHO Secretary of Finance Recommending Approval: (Original Signed) REN� G. BA�EZ Commissioner of Internal Revenue