Letter of Instructions No. 353, issued on December 23, 1975, mandates all heads of government agencies and government-owned corporations to provide the Commissioner of Internal Revenue with detailed information on disbursements made to agricultural producers. This information must include receipts and a monthly list detailing the payee's name, address, amount paid, and the purpose of the payment. The goal is to enhance revenue collection for government development programs by ensuring tax enforcement agencies have access to necessary data for tax verification. The Commissioner is tasked with creating rules to facilitate the effective collection and processing of this information, with immediate compliance required.
December 23, 1975
LETTER OF INSTRUCTIONS NO. 353
| TO | : | All Heads of Government Agencies including |
| Government Owned or Controlled Corporations | ||
| The Commissioner of Internal Revenue |
In view of the imperative need to increase the collection of revenues indispensable to the implementation of the government's development program, and in view further of the necessity, as a means of accomplishing that end, of making certain information from the proper government sources readily available to the tax enforcement agencies for tax verification purposes, I hereby direct all heads of government agencies, including government-owned or-controlled corporations, by or through which disbursements are made to producers of agricultural products for the purchase of their produce or for other purposes, to furnish the Commissioner of Internal Revenue with copies of pertinent receipts and/or a monthly list of the payments or disbursements so made, showing among others the name of the payee, address, amount paid, reason for payment, and such other pertinent information which may serve to clarify the payment or disbursement. acd
The Commissioner of Internal Revenue is hereby directed to issue the necessary implementing rules for the effective collection, collation and processing of the said information for use in the verification of the tax liabilities of the taxpayers concerned.
Immediate and strict compliance with this Letter of Instructions is desired. cdt
DONE in the City of Manila, this 23rd day of December, in the year of Our Lord, Nineteen Hundred and Seventy-Five. cd i