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RMO No. 13-2012 dated March 29, 2012 Revised Guidelines/Procedures in Handling Letter Notices


RMO No. 13-2012 dated March 29, 2012
Revised Guidelines/Procedures in Handling Letter Notices
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Taxpayer shall be entitled to abatement of surcharge, interest and compromise penalty provided that he/she/it pays the basic deficiency tax(es) within thirty (30) days from receipt of the LN.
Installment payment shall be allowed as settlement of the tax deficiencies arising from LN in case the total tax liabilities exceed P500,000 for non-large taxpayers or P10M for large taxpayers. The corresponding interest on the basic tax due per installment shall be computed up to the date of payment as shown in the application

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