RMC No. 70-2016 — Suspends all audit of the BIR effective July 1, 2016 and requires the submission of inventory of pending Letters of Authority/Letter Notices as of June 30, 2016 Digest | Full Text | Annex

REPUBLIC OF THE PHiLIPPINES BI-lRilJ 0F INTEITNAL RE""tsNU-E DEPARTMENT OF FINANCE ---l:)f l-,siotuts IUG'r' Di\rysI(}N BUREAU OF INTERNAL REVENUE Quezon City F'/"t' I JUL tt 2U16 /+ LrUbqrt [TECE,TfE& July L,20LG REVENUE MEMORANDUM CTRCULAR NO. TC - VDtb SUBJECT Suspension of Audit of the Bureau of Internal Reven ue Effective J u ly L , 20L6 a nd Su bm ission of Inventory of Pend ing Letters of Authority/Letter Notices as of June 30, 2016 TO All Internal Revenue Officers and Others Concerned All field a ud it a nd other field operations of the Bu rea u of Interna I Revenue relative to examinations and verifications of taxpayers' books of accou nts, records a nd other tra nsactions a re hereby ordered suspended until further notice. ,.j As such, oo field audit, field operations, or any form of business visitation in execution of Letters of Authority/Audit Notices (LAs), Letter Notices , or Mission Orders should be conducted. Further, no written orders to audit an d/or investigate taxpayers'internal revenue tax liabilities shall be issued and/or served except in the following cases: Investigation of cases prescribing on or before October 31, 2016; Processing a nd verification of estate tax retu rns, 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 (tGUs) and Government Owned and Controlled Corporations (GOCCs) including subsidiaries and affiliates; and

o Other matters/concerns where deadlines have been imposed or under the orders of the Commissioner of Internal Revenue. However, service of Assessment Notices, WErrants and Seizure Notices should still be effected. Also, taxpayers may voluntarily pay their known deficiency taxes without the need to secure authority from concerned Revenue Officials. In this regard, inventory of all outstanding Letters of Authority/Audit Notices, and Letter Notices as of June 30, 2AL6, shall be submitted to the Office of the Commissioner in Excel format, both in softcopy in CD/DVD and hardcopy, on or before July 16,2016. The template of the inventory is hereby attached as Annex A. All internal revenue officers and others concerned are enjoined to give this Circular as wide a publicity as possible' This Order shall take effect immediately. rs CAESAR R. DULAY , Commissioner of lnternal Revenue ,,; 000003 I]IINTAU OF NNEHNAT REVENUE I{ {{':ICOR.IIS ]\4;T. DIV-ISION t: ? F.t1 , JUL u ,Orr,Llir^ IdECEHVE#