Additional Jurisdiction and Functions of the Investment Incentives Division

February 28, 1977 REVENUE ADMINISTRATIVE ORDER NO. 01-77 SUBJECT : Additional Jurisdiction and Functions of the Investment Incentives Division TO : All Internal Revenue Officers and Others Concerned In conformity with Revenue Administrative Order No. 8-75, dated July 1, 1975 promulgating the Statement of BIR Organization and Functions, and in order to consolidate the administration of the policies and standards of the Bureau relative to tax incentives, for internal revenue tax purposes, the Investment Incentives Division shall in addition to its jurisdiction defined in Revenue Memorandum Order No. 34-76 is hereby vested jurisdiction over cases regulated by the Export Processing Zone Authority (EPZA) and the Philippine Tourism Authority (PTA). For this purpose, the Investment Incentives Division shall perform the following functions: 1. Coordinate with the various government agencies charged with the administration of tax incentive laws and perform such functions as are embodied in the different Memoranda of Agreements between the BIR and other government agencies; 2. Conduct investigation and verification of the books of accounts and other accounting records of taxpayers under its jurisdiction; 3. In coordination with the proper office charged with the implementation of the particular incentives law, conduct periodic verifications of the qualifications and compliance with the requirements for the availment of tax incentives; and 4. Perform related functions as may be assigned by the Commissioner of Internal revenue. All orders, circulars and issuances or portions thereof which are inconsistent with this Revenue Administrative Order are hereby revoked or amended accordingly. aisadc This Revenue Administrative Order shall take effect immediately. EFREN I . PLANA Acting Commissioner of Internal Revenue TAN: 1456-040-3