Lifting of Suspension of Effectivity of Certain Revenue Issuances Provided under Revenue Memorandum Circular No. 69-2016 dated July 1, 2016
Revenue Memorandum Circular No. 127-16 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Nov 15, 2016
Full text
November 15, 2016 REVENUE MEMORANDUM CIRCULAR NO. 127-16 SUBJECT : Lifting of Suspension of Effectivity of Certain Revenue Issuances Provided under Revenue Memorandum Circular No. 69-2016 dated July 1, 2016 TO : All Internal Revenue Officers and Others Concerned Pursuant to Revenue Memorandum Circular (RMC) No. 69-2016, the effectivity of all revenue issuances promulgated within the period covering June 1 to 30, 2016 has been suspended. After further careful review and consideration of the revenue issuances covered by RMC No. 69-2016, the suspension of the following revenue issuances is hereby lifted: Revenue Memorandum Circular Title/Description of RMC (RMC) RMC No. 61-2016 Prescribing Policies and Guidelines for Accounting and Recording Transactions Involving "Netting" or "Offsetting" RMC No. 62-2016 Clarification on Proper Tax Treatment of Passed-on Gross Receipts Tax Consequently, with the lifting of suspension of the effectivity of the foregoing revenue issuances, the same shall be effective immediately. Accordingly, all revenue officials and employees are hereby enjoined to give this issuance a wide publicity as possible. For strict compliance. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.