Suspension of All Audit and other Field Operations of the Bureau of Internal Revenue

December 11, 2006 REVENUE MEMORANDUM CIRCULAR NO. 73-06 SUBJECT : Suspension of All Audit and other Field Operations of the Bureau of Internal Revenue Effective December 18, 2006 TO : All Internal Revenue Officers, Employees and Others Concerned In the spirit of Christmas and to enable the taxpayers to fully attend to their business concerns during the Holiday Seasons, all audit and other field operations of the Bureau of Internal Revenue relative to examinations and verifications of taxpayers' books of accounts, records and other transactions are hereby ordered suspended for the period 18 December 2006 to 05 January 2007 . Thus, no audit, field operations nor any form of business visitations in execution of Letters of Authority/Audit Notices, Tax Verification Notices, Mission Orders, or any written orders to audit and/or investigate taxpayers' internal revenue tax liabilities shall be issued except in the following cases: caCEDA Investigation of cases prescribing on or before 30 June 2007; Processing and verification of estate tax returns, donor's tax returns, capital gains tax returns and withholding tax returns on the sale of real properties or shares of stocks together with the documentary stamp tax returns related thereto; Examination and/or verification of internal revenue tax liabilities of taxpayers retiring from business; Audit of National Government Agencies (NGAs), Local Government Units (LGUs) and Government Owned and Controlled Corporations (GOCCs) including subsidiaries and affiliates of GOCCs; Tax mapping operations on "Privilege-Store", popularly known as " tiangges ", with respect to the compliances of the Exhibitors, Organizers and Privilege-Store Operators with the requirements of the relevant provisions of the National Internal Revenue Code of 1997 and Revenue Regulations No. 16-2003, as amended by Revenue Regulations No. 24-2003; Implementation of the Improved Voluntary Assessment Program of the Bureau under Revenue Regulations No. 18-2006; TDCcAE Implementation of the One-Time Administrative Abatement of all Penalties/Surcharges and Interest on Delinquent Accounts and Assessment (Preliminary or Final, Disputed or Not) as of June 30, 2006 under Revenue Regulations No. 15-2006; and Other matters/concerns where deadlines have been imposed or under the orders of the Commissioner of Internal Revenue. In general, examiners and investigators shall make use of this period to do office work on their cases and to complete the report on those with already completed field work. Service of Assessment Notices, Warrants and Seizure Notices may however, be effected upon clearance of the Commissioner/Regional Director. Most importantly, all efforts should be directed to ensure maximum collection in the remaining days of the year. All internal revenue officers and others concerned are enjoined to give this Circular as wide a publicity as possible. For strict compliance. (SGD.) JOSE MARIO C. BUAG Commissioner of Internal Revenue