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    Revenue Regulations No. 07-18

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    aitoomuchtv
    The document amends certain sections of Revenue Regulations No. 12-99 regarding the due process requirement in issuing deficiency tax assessments. It adds a new section requiring a Notice of Informal Conference to allow taxpayers to present their case if found liable for deficiency taxes after an audit. It also sets timeframes for the informal conference and subsequent endorsement of cases if taxpayers remain liable after presenting their side.

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    Revenue Regulations No. 07-18

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    aitoomuchtv
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    The document amends certain sections of Revenue Regulations No. 12-99 regarding the due process requirement in issuing deficiency tax assessments. It adds a new section requiring a Notice of Informal Conference to allow taxpayers to present their case if found liable for deficiency taxes after an audit. It also sets timeframes for the informal conference and subsequent endorsement of cases if taxpayers remain liable after presenting their side.

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    The document amends certain sections of Revenue Regulations No. 12-99 regarding the due process requirement in issuing deficiency tax assessments. It adds a new section requiring a Notice of Informal Conference to allow taxpayers to present their case if found liable for deficiency taxes after an audit. It also sets timeframes for the informal conference and subsequent endorsement of cases if taxpayers remain liable after presenting their side.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views2 pages

    Revenue Regulations No. 07-18

    Uploaded by

    aitoomuchtv
    The document amends certain sections of Revenue Regulations No. 12-99 regarding the due process requirement in issuing deficiency tax assessments. It adds a new section requiring a Notice of Informal Conference to allow taxpayers to present their case if found liable for deficiency taxes after an audit. It also sets timeframes for the informal conference and subsequent endorsement of cases if taxpayers remain liable after presenting their side.

    Copyright:

    © All Rights Reserved
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    of 2

    January 22, 2018

    REVENUE REGULATIONS NO. 07-18

    SUBJECT : Amending Certain Sections of Revenue Regulations No. 12-99, as


    Amended by Revenue Regulations No. 18-13, Relative to the Due
    Process Requirement in the Issuance of a Deficiency Tax
    Assessment

    TO : All Internal Revenue Officers and Others Concerned

    SECTION 1. Scope. — Pursuant to the provisions of Section 244, in relation to


    Section 245 of the National Internal Revenue Code of 1997 (Tax Code), as amended,
    these Regulations are hereby promulgated to amend provisions of Revenue Regulations
    (RR) No. 12-99, as amended by RR No. 18-13.
    SECTION 2. Amendment. — Section 3 of RR 12-99, as amended by RR No. 13-
    18, is hereby amended by adding Section 3.1.1 providing for the preparation of a Notice
    of Informal Conference, thereby renumbering other provisions thereof, and prescribing
    other provisions for the assessment of tax liabilities. The pertinent provisions of
    Section 3 of RR 12-99 shall now read as follows:
    "SECTION 3 . Due Process Requirement in the Issuance of a
    Deficiency Tax Assessment . —
    3.1 Mode of procedure in the issuance of a de ciency tax
    assessment:
    3.1.1 Notice for Informal Conference . — The Revenue O cer
    who audited the taxpayer's records shall, among others, state in his report
    whether or not the taxpayer agrees with his ndings that the taxpayer is liable
    for de ciency tax or taxes. If the taxpayer is not amenable, based on the said
    O cer's submitted report of investigation, the taxpayer shall be informed, in
    writing, by the Revenue District Office or by the Special Investigation Division, as
    the case may be (in the case of Revenue Regional O ces) or by the Chief of
    Division concerned (in the case of the BIR National O ce) of the discrepancy or
    discrepancies in the taxpayer's payment of his internal revenue taxes, for the
    purpose of "Informal Conference," in order to afford the taxpayer with an
    opportunity to present his side of the case.
    The Informal Conference shall in no case extend beyond thirty (30) days
    from receipt of the notice for informal conference. If it is found that the taxpayer
    is still liable for de ciency tax or taxes after presenting his side, and the
    taxpayer is not amenable, the Revenue District O cer or the Chief of the Special
    Investigation Division of the Revenue Regional O ce, or the Chief of Division in
    the National O ce, as the case may be, shall endorse the case within seven (7)
    days from the conclusion of the Informal Conference to the Assessment
    Division of the Revenue Regional O ce or to the Commissioner or his duly
    authorized representative for issuance of a deficiency tax assessment.
    Failure on the part of Revenue O cers to comply with the periods
    indicated herein shall be meted with penalty as provided by existing laws, rules
    and regulations."

    CD Technologies Asia, Inc. © 2018 cdasiaonline.com


    SECTION 3. Repealing Clause. — Any rules and regulations or parts thereof
    inconsistent with the provisions of these Regulations are hereby repealed, amended, or
    modified accordingly.
    SECTION 4. n Effectivity. — The provisions of these Regulations shall take
    effect after fteen (15) days following publication in any newspaper of general
    circulation.

    (SGD.) CARLOS G. DOMINGUEZ


    Secretary of Finance

    Recommending Approval:

    (SGD.) CAESAR R. DULAY


    Commissioner of Internal Revenue

    n Note from the Publisher: Written as "Section 5" in the original document.

    Published in the Manila Bulletin on February 1, 2018.

    CD Technologies Asia, Inc. © 2018 cdasiaonline.com

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