By: Tax and Accounting Center Philippines
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order No. 4-2013 dated 8 March 2013 (RMO No. 4-2013) and entitled “Audit of Tax Returns by Revenue District Offices” with the following objectives:
Professionals and sole proprietorship’s
Those engaged in the following industries
Those who fall below the established benchmarks of tax compliance
Taxpayers with ending inventory of of 100% or more of sales.
Finally, those who maintained an ending inventory with value of 100% or more of its gross sales is likewise under priority for tax audit by the Revenue District offices.
Disclaimer: This article is for general conceptual guidance only and is not a substitute for an expert opinion. Please consult your preferred tax and/or legal consultant for the specific details applicable to your circumstances. For comments, you may please send mail at in**@ta************.org.
Revenue Regulations No. 7-2024
7 New VAT Rules under Ease of Paying Taxes Act RA 11976 Philippines
Revenue Memorandum Circular No. 39-2024
Revenue Memorandum Circular 29-2024
Revenue Memorandum Circular No. 22-2024
SEC MC No. 02, series of 2024
Revenue Memorandum Circular No. 16-2024
Live Webinar: Ease of Paying Taxes Act: Understanding the Latest Implementing Rules and Regulations
Live Webinar: SEC Dividend Declarations
How to analyze Financial Statements Accounting for Correct Business Decision Making?
Live Webinar: Withholding Taxes, Subjects & Applications
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Basic Bookkeeping Refresher Course
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Basic Business Accounting & BIR Compliance VAT Entity (Onsite Seminar)
Live Webinar: Input VAT Refund
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Δ
Phone : (02) 5310-2239
Mobile : Smart: 0921-343-2024 Globe: 0917-712-8242
Email : info(@)taxacctgcenter.ph
© Tax and Accounting Center 2024. All Rights Reserved