revenue_memorandum_circular RMC No. 71-2005RMC No. 71-2005 2005-12-16

RMC No. 71-2005 — Suspends all field operations of the Bureau of Internal Revenue effective December 19, 2005 Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE December 14, 2005 REVENUE MEMORANDUM CIRCULAR 71-2005 SUBJECT : Suspension of All Audit and other Field Operations of the Bureau of Internal Revenue Effective December 19, 2005. TO: All Internal Revenue Officers, Employees and Others Concerned In the spirit of Christmas and to enable the taxpayers to fully attend to their business concerns during the Holiday Season, all audit and other field operations of the Bureau of Internal Revenue relative to examinations and verifications of taxpayers' books of accounts, records and other transactions are hereby ordered suspended for the period 19 December 2005 to 08 January 2006. Thus, no audit, field operations nor any form of business visitations in execution of Letters of Authority/Audit Notices, Tax Verification Notices, Mission Orders, or any written orders to audit and/or investigate taxpayers' internal revenue tax liabilities shall be issued except in the following cases: � Investigation of cases prescribing on or before 30 June 2006; � Processing and verification of estate tax returns, donor's tax returns, capital gains tax returns and withholding tax returns on the sale of real properties or shares of stocks together with the documentary stamp tax returns related thereto; � Examination and/or verification of internal revenue tax liabilities of taxpayers retiring from business; � Audit of National Government Agencies (NGAs), Local Government Units (LGUs) and Government Owned and Controlled Corporations (GOCCs) including subsidiaries and affiliates of GOCCs; � Tax mapping operations on "Privilege-Store", popularly known as "tiangges", with respect to the compliances of the Exhibitors, Organizers and Privilege-Store Operators with the requirements of the relevant provisions of the National Internal Revenue Code of 1997 and Revenue Regulations No. 16-2003, as amended by Revenue Regulations No. 24- 2003; 1

� Implementation of the Enhanced Voluntary Assessment Program of the Bureau under Revenue Regulations No. 18-2005; and � Other matters/concerns where deadlines have been imposed or under the orders of the Commissioner of Internal Revenue. In general, examiners and investigators shall make use of this period to do office work on their cases and to complete the report on those with already completed field work. Service of Assessment Notices, Warrants and Seizure Notices may however, be effected upon clearance of the Commissioner/ Regional Director. Most importantly, all efforts should be directed to ensure maximum collection in the remaining days of the year. All internal revenue officers and others concerned are enjoined to give this Circular as wide as publicity as possible. (Original Signed) JOSE MARIO C. BU�AG Commissioner of Internal Revenue A- 2

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