Amended Audit Criteria for Taxable Years 2009 and 2010
Revenue Memorandum Order No. 022-11 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Orders • Jun 1, 2011
Full text
June 1, 2011 REVENUE MEMORANDUM ORDER NO. 022-11 SUBJECT : Amended Audit Criteria for Taxable Years 2009 and 2010 TO : All Internal Revenue Officials and Employees Concerned I. Objective To amend item II, paragraph 3 of Revenue Memorandum Order No. 4-2011 regarding taxpayers qualified under the Last Priority for audit status. IcHDCS II. Policies and Guidelines To be entitled to the Last Priority for audit status enunciated under RMO No. 4-2011, the following conditions must concur: A. Effective Income Tax Rate of 18%; B. Increase in Income Tax payment by at least 20% from the immediately preceding year; C. Full compliance with all the submission and reportorial requirements ( i.e. , SLSP, Alphalist, etc.). To constitute full compliance, all required fields of said reports must be properly filled-up; and D. No Letter Notice issued against the taxpayer. III. Effectivity This Order shall take effect immediately. TCHEDA (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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