Submission of ITR Instead of Tax Clearance as Requirement for Conversion to P2P (AUV) Express
LTFRB Memorandum Circular No. 029-06 • Other Rules and Procedures • Land Transportation Franchising and Regulatory Board • May 12, 2006
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May 12, 2006 LTFRB MEMORANDUM CIRCULAR NO. 029-06 SUBMISSION OF INCOME TAX RETURN (ITR) INSTEAD OF TAX CLEARANCE AS REQUIREMENT FOR CONVERSION TO P2P (AUV) EXPRESS The Board, in granting Application for Conversion of Certificate of Public Convenience to Operate P2P (AUV) Express, requires applicant/s to submit BIR Tax Clearance to establish financial capability to operate public land transportation services. But due to the difficulty in acquiring tax clearance from the Bureau of Internal Revenue, this Board resolved, that instead of the required tax clearance from the (BIR), applicants may submit the latest Income Tax Return (ITR) to establish financial capability. Accordingly, the AUV Secretariat is ordered to comply with this Memorandum Circular, in the disposition of all Application for Conversion. This Memorandum Circular supersedes any and all issuances inconsistent herewith, and takes effect immediately. ECHSDc SO ORDERED. Date Filed: 16 May 2006 Adopted: 12 May 2006 (SGD.) MARIA ELENA H. BAUTISTA Chairperson (SGD.) GERARDO A. PINILI Board Member (SGD.) MA. ELLEN DIRIGE-CABATU Board Member
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