Bureau of Local Government Finance Opinion

December 14, 2009 BUREAU OF LOCAL GOVERNMENT FINANCE OPINION Ms. Ma. Socorro O. Lozano Revenue District Officer, RD No. 80 Bureau of Internal Revenue Mandaue City Madam : This refers to the letter dated October 13, 2009 of Ms. Elenita S. Catagcatag, City Treasurer of Mandaue City, addressed to that Office, copy furnished this Bureau, in line with Executive Order No. 646 dated August 3, 2008 as implemented by Department Order No. 9-08 dated March 26, 2008 regarding the implementing Rules and Regulations pertinent to the Accessibility/Exchange of Information on Taxpayers between the Bureau of Internal Revenue (BIR) and the Local Government Units (LGUs) for tax collection purposes. Treasurer Catagcatag requested that her Office be furnished with the following lists: 1. A Masterlist of PEZA registered companies located in Lapu-Lapu city with Discrepancies on Sales/Receipts for the last three years (2006 to 2008) arising from the Examination of Books of Accounts conducted by your office or from submission of their respective Final Audited Financial Statements, with the following pertinent information: Name of Company/Taxpayer Business Address Correct or Adjusted Gross Sales/Receipts (2006, 2007 & 2008) Allowable Deductions in connection with the Correct or Adjusted Gross Sales/Receipts (enjoying the 5% preferential income tax rate) STHAaD 2. Other business establishments situated in Lapu-Lapu City with the corresponding Gross Sales/Receipts as declared in their respective VAT/Percentage Tax Returns for the years 2007 and 2008 for comparison purposes. In this connection and in order to address the abovementioned issues, there is a need for proper coordination between that Office and the City Treasurer's Office, Lapu-Lapu City. Very truly yours, (SGD.) MA. PRESENTACION R. MONTESA Executive Director