Suspension of BIR Audit and Submission of Letters of Authority
Under BIR's Letter of Authority or Letter Notices? Well, we got beautiful news from the new commissioner under the Duterte administration.
Issuance of Revenue Memorandum Circular No. 70-2016 states the suspension of the following:
- Audit of Bureau of Internal Revenue effective July 1, 2016; and
- Submission of Inventory of Pending Letters of LOA/LN as of June 30, 2016
It is expounded in the Circular that all field audit and other field circulations to be suspended until further notice.
However, one may still be subject to BIR audit if they satisfy one of the following exceptions listed in the Memorandum.
To find the full RMC, click here.
To see other recent issuances of the new BIR commissioner, click on one of the links below.
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