RMC No. 74-2020 — Amends and/or clarifies certain provisions of RMC No. 34-2020 relative to the suspension of the running of the Statute of Limitations Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City nty t{2ozo f4' REvE*uE MEM.RANDTTM .TRCULAR No. g'o&o SUBJECT: Amending and/or Clarifying Certain Provisions of RMC 34-2020 This Circular is being issued to clarifu the penultimate paragraph of RMC 34- 2020 which states: " The cited provisions and stated circumqtances therefore wanant the suspension of the running of the Statute of Limitations under Section 203 and 222 of the NIRC of 1997, as amended, for a period starting on March 16,2020 until the lifting of the state of national emergency and for sixty (60) days thereafter. The suspension of the running of the Statute of Limitations shall likewise apply with respect to the issuance and service of assessment notices, warrants and enforcement and/or collection of deficiency taxes. This Circular shall apply nationwide." For purposes of this Circular, the said paragraph is hereby amended to read: " The cited provisions and stated circumstances therefore warrant the suspension of the running of the Statuti of Limitations under Section 203 and 222 of the NIRC of 1997, as amended, for a period starting on March 16,2020 until the liftins of the ertreme communitv atmrantine {EOD and for sixty (60) days thereafter. The suspension of the running of the Statute of Limitations shall likewise apply with respect to the issuance and service of assessment notices, warrants and enforcement and/or collection of deficiency taxes. This Circular shall apply nationwide on areas placed under ECQ. " This Circular takes effect immediately.' /sq,ffi ituTF.[.xr!. taUSARR.DULAY Commissioner of Internal Revenue 03se25