Suspension of Tax Audit, Examination, Investigation and/or Verification

April 24, 2001 REVENUE MEMORANDUM ORDER NO. 10-01 SUBJECT : Suspension of Tax Audit, Examination, Investigation and/or Verification TO : All Internal Revenue Officers, Employees and Others Concerned Effective immediately, all field operations of the Bureau relative to tax audit, examination and verification of taxpayer's book of accounts, records and other transactions are temporarily suspended. Accordingly, no letters of authority, tax verification notices, mission orders, or any written orders to audit and/or investigate internal revenue taxes shall be issued or made for internal revenue tax purposes, except for the following: 1. Investigation of cases prescribing in year 2001; 2. Service of Assessment Notices for cases prescribing in the year 2001; 3. Processing and verification of estate tax returns, donor's tax returns and tax returns (capital gains tax returns, expanded withholding tax returns and documentary stamp tax returns) covering the sale of real property or shares of stocks, prior to the issuance of Tax Clearance and/or Certificate Authorizing Registration; 4. Examination and/or verification of internal revenue tax liabilities of taxpayers retiring from business; 5. Verification and processing of all claims for refunds and/or tax credits; 6. Requests for reinvestigation/reconsideration (protested tax cases); and 7. Cases approved by the undersigned for audit specifically tax fraud, policy cases and those undertaken by task forces as directed by the Secretary of Finance. The foregoing suspension shall remain until further notice. For strict compliance. (SGD.) RENE G. BAEZ Commissioner of Internal Revenue