Definition of Functions of Examiners Specially Assigned to Render Assistance to the Assets, Liabilities and Networth Unit

July 8, 1975 REVENUE ADMINISTRATIVE ORDER NO. 03-75 SUBJECT : Definition of Functions of Examiners Specially Assigned to Render Assistance to the Assets, Liabilities and Networth Unit TO : All Internal Revenue Officers Concerned Pursuant to Revenue Administrative Order No. 2-75, dated May 21, 1975, (Creation of the Assets, Liabilities and Networth Unit), certain revenue examiners of the Regional and Revenue District Offices, except Revenue Regions 4-A and 4-B (Manila and Quezon City, respectively), will be assigned from time to time to gather and/or compile data for the aforesaid Unit. Consequently, if the circumstances warrant, further investigation will be authorized by the undersigned to be conducted by examiners of the Assets, Liabilities and Networth Unit jointly with said specially deputized examiners, of taxpayers concerned, in connection with their assets and liabilities. cdti In the Greater Manila Area, Revenue Regions 4-A and 4-B, the Examiners now assigned with the Assets, Liabilities and Networth Unit, are charged with the responsibility of assembling and/or compiling the necessary data. In order, therefore, to insure uniformity in the reports, as well as to obtain a systematic compilation and recording of vital information, and, in order to forestall overlapping inquiries so that taxpayers will not be inconvenienced and to maintain harmony among revenue men of the different levels and offices, the following guidelines are hereby prescribed: 1. The reports which may be required of specially designated examiners relative to assets and liabilities shall be submitted directly to this Office, Attention: Chief, Assets, Liabilities and Networth Unit. This is absolutely necessary for collation, comparison, cross-checking, etc. with all other data now on hand. 2. In no case shall any investigation of any taxpayer concerning assets and liabilities be carried out unless all information/evidence gathered have been evaluated by this Office and, if warranted, corresponding Letter of Authority shall be issued by the undersigned. Strict compliance herewith is enjoined. cdt MISAEL P . VERA Commissioner of Internal Revenue TAN-1601-593-5