BIR Amends the Suspension Period of Statute of Limitations under the Tax Code
Suspension Period Statute of Limitations

BIR Amends the Suspension Period of Statute of Limitations under the Tax Code

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 74-2020 amending certain provisions under the RMC 34-2020. This circular has declared change in the suspension period of the statute of limitations.

SUSPENSION PERIOD UNDER RMC 34-2020

Due to the declaration of the Philippines under state of calamity and national emergency caused by the Coronavirus (COVID-19) pandemic, the Commissioner and authorized representatives have been restrained from making and serving the following:

  • Assessment Notices
  • Warrants of Distraint and/or Levy
  • Warrants of Garnishments

As the circumstances hampered the process for the enforcement and collection of deficiency taxes, the Statute of Limitations under the Tax Code was deemed suspended from March 16, 2020 until the lifting of the state of national emergency and for sixty (60) days thereafter.

AMENDMENTS IN THE SUSPENSION PERIOD

The Statute of Limitations, under this circular, is hereby suspended for a period starting March 16, 2020 until the lifting of the Extreme Community Quarantine and for 60 days thereafter.*

*The Extreme Community Quarantine has been clarified as Enhanced Community Quarantine under RMC 77-2020 which was released following the publication of this circular.

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