Clarification on the Taxable Year Covered by Revenue Regulations No. 12-2013
Revenue Memorandum Circular No. 063-13 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Sep 26, 2013
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September 26, 2013 REVENUEMEMORANDUM CIRCULAR NO. 063-13 SUBJECT : Clarification on the Taxable Year Covered by Revenue Regulations No. 12-2013 TO : All Internal Revenue Officers and Others Concerned This Circular is being issued to clarify Revenue Regulations (RR) No. 12-2013 (dated 11 July 2013), which amends the requirements for deductibility of certain income payments under Section 2.58.5 of RR 2-98 as amended. CScaDH As stated in RR No. 12-2013, no deduction will be allowed notwithstanding payments of withholding tax at the time of the audit investigation or reinvestigation/reconsideration in cases where no withholding of tax was made in accordance with Secs. 57 and 58 of the Code. In this regard, it is hereby clarified that the provisions of RR No. 12-2013 shall apply to audit investigation for taxable year 2013. All revenue officials and employees are enjoined to give this Circular the widest possible publicity. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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