Further Extending the Deadline for Voluntary Additional Payment of 50% of Income and Other Percentage Taxes and 2% Value Added Tax for 1988

July 12, 1989 REVENUE MEMORANDUM CIRCULAR NO. 44-89 SUBJECT : Further Extending the Deadline for Voluntary Additional Payment of 50% of Income and Other Percentage Taxes and 2% Value Added Tax for 1988 TO : All Internal Revenue Officers and Others Concerned Under Revenue Memorandum Circular No. 29-89 dated May 4, 1989, the deadline for the amendment of the 1988 income tax return and the payment of additional taxes without any increment was set on May 15, 1989. On the other hand, the privilege to pay additional value-added tax and other percentage taxes was set on June 30, 1989 under Revenue Memorandum Circular No. 36-89 dated June 6, 1989. Both programs are quite successful, based on reports received from regional offices. acd This Bureau has received many requests from taxpayers who wanted to avail of the privileges and start clean but failed to amend their returns and pay the required additional amount of taxes within the deadlines set. Recognizing the sincerity and the desire of taxpayers to come within the folds of the law and to support the present administration, the deadline for the filing of amended income and business tax returns and the payment of additional taxes is hereby extended to AUGUST 15, 1989, subject to the same coverage, conditions and guidelines as provided in Revenue Memorandum Circular Nos. 23-89, 29-89 and 36-89. cd i However, where a letter of authority covering 1988 income, VAT and/or other percentage taxes or notice of verification of transitional/presumptive input taxes for VAT purposes has already been issued at the time the taxpayer amends his tax return, any additional tax payment under these Circulars shall be credited against the deficiency assessment issued in connection with the above audit. With respect to the processing of tax returns filed under this Circular, the same procedure prescribed in RMC 36-89 shall be followed. The returns should reach the Office of the Commissioner not later than September 15, 1989. This Order shall take effect immediately and shall be given the widest publicity by all concerned. cdt (SGD.) JOSE U. ONG Commissioner of Internal Revenue