Creation of a Special Review Committee

July 24, 1975 REVENUE MEMORANDUM ORDER NO. 41-75 SUBJECT : Creation of a Special Review Committee TO : All Internal Revenue Officers and Others Concerned In order to have a systematic and coordinated control and supervision over the processing and verification of income tax returns of corporations under the tax withholding system pursuant to P.D. No. 30, a Special Review Committee under the Office of the Commissioner is hereby created. The creation of the committee is intended to effect an expeditious disposition of refund cases and at the same time instituting some reforms in the revenue service. Incidentally, there will be a study of the effectiveness of the manner of reporting income and expenses provided under P.D. No. 30 and the volume of refunds of tax credit in relation to the total collection of the tax on industry wide basis. The Committee shall be composed of a chairman and four (4) members to be designated by the Commissioner of Internal Revenue. This Committee shall exercise control and supervision over the processing and verification of income tax returns of corporations placed on the tax withholding system and matters incident thereto. The following procedures shall be observed in the processing and verification of these returns. 1. All income tax returns, including the quarterly income tax returns of corporations under the tax withholding system shall after having been numbered, coded or otherwise processed be forwarded to the Direct Tax Division of the National Office; 2. The Direct Tax Division shall maintain and keep a complete record of all returns received by it and all records and papers of the action taken thereon and related matters; 3. The pre-audit and examination of these returns shall be undertaken under the control and supervision of the Special Review Committee unless it becomes necessary that the said returns be subjected to field investigation, in which case the same shall be referred to the regional office or division in the National Office which has jurisdiction over the case; and 4. All reports on refund cases under P.D. No. 30 as well as recommendation for preparation of refund checks and tax credit certificates shall invariably be coursed thru the Review Committee which has the poser to review, revised or otherwise amend the same. This order takes effect upon approval. MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5