Amending Sections B and C of Revenue Memorandum Order No. 40-72, dated December 20, 1972 on the subject, "Procedure in the Processing of Quarterly Income Tax Returns of Corporations" required under Presidential Decree No. 30, dated October 27, 1972, as implemented by Revenue Regulations No. 12-72, dated December 1, 1972"

July 17, 1974 REVENUE MEMORANDUM ORDER NO. 33-74 SUBJECT : Amending Sections B and C of Revenue Memorandum Order No. 40-72, dated December 20, 1972 on the subject, "Procedure in the Processing of Quarterly Income Tax Returns of Corporations" required under Presidential Decree No. 30, dated October 27, 1972, as implemented by Revenue Regulations No. 12-72, dated December 1, 1972" TO : All Internal Revenue Officers, Employees and Others Concerned Sections B and C of Revenue Memorandum Order No. 40-72, dated December 20, 1972 are hereby amended to read as follows: B. Numbering of Returns. 1. The quarterly returns for the first quarter shall first be arranged alphabetically and placed in individual folders. 2. All subsequent quarterly returns for one taxable year of each corporation shall be compiled in their respective folders until the final return is received when they can be processed together. 3. Numbering of the quarterly returns shall be made at the same time that the final return is numbered. Only one assessment number shall be assigned to the final and the quarterly returns of a corporation. The quarterly returns shall be given the classification Code Q with the number of the quarter indicated. Thus the assessment number to be assigned to a taxable final return and to the quarterly returns of a corporation in Revenue District No. 34 for the taxable year 1973 shall be as follows: aisa dc for the final return: 34-4-07000001-73 for the quarterly returns: 34-Q1-07000001-73- for the first quarter 34-Q2-07000001-73- for the second quarter 34-Q3-07000001-73- for the third quarter C. Disposition of Original and Duplicate Copies of the Final and Quarterly returns. 1. After the returns are numbered the original copies of the returns (final and quarterly) shall be segregated from the duplicate copies. 2. The original copies of the quarterly returns shall be attached to the original copy of the final return, while the duplicate copies to the duplicate copy of the final returns. 3. If the final return indicates a refundable amount or if there is attached a request for tax credit, the original copies of the final and quarterly returns shall be processed in accordance with the provisions of Revenue Memorandum Order No. ____ dated 4. The original and duplicate copies of all other corporate returns (final and quarterly) shall be processed in accordance with the brochure, "Procedure in Handling and Processing of Income Tax Returns in Regional Offices." The provisions of this Order takes effect immediately and all those concerned are hereby enjoined to be guided accordingly. MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5