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BIR Issues Clarifications on the Suspension of Enlisting/Delisting of Large Taxpayers
BIR Issues Clarifications on the Suspension of Enlisting/Delisting of Large Taxpayers
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By Trisha Alexis Maingat Government Advisories News 10/23/2020

BIR Issues Clarifications on the Suspension of Enlisting/Delisting of Large Taxpayers

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 112-2020 clarifying the postponement of effectivity of the enlisted and delisted taxpayers of the Large Taxpayers Service (LTS) to January 1, 2021, relative to the memorandum released by the Bureau on September 21, 2020.

ON DELISTING OF LARGE TAXPAYERS

  1. The Revenue District Offices (RDOs) or concerned offices at the LTS, where the taxpayers are registered, shall handle all transactions of affected taxpayers under both Head Office/s and Branches prior to July 1, 2020.
  2. All Certificates of Registration shall be valid and allowed for posting at the principal place of business, provided that the concerned offices at the LTS/RDOs issued the certificates to the affected Large Taxpayers on or after July 01, 2020.
  3. Principal and supplementary receipts/invoices shall likewise remain valid provided that those are printed based on duly-approved Authority to Print (ATP) issued on or after July 01, 2020.

All taxpayers concerned are expected to be guided on this circular.

Author

  • Trisha Maingat

    Atty. Trisha Alexis R. Maingat is a Philippine lawyer providing strategic legal services in tax and civil litigation, corporate governance, regulatory compliance, contract drafting and review, transaction support, family law, estate settlement, data privacy, intellectual property, and labor and employment disputes. She has worked within highly regulated industries, including energy, utilities, telecommunications, and multinational corporate services. A consistent Dean’s Lister, she earned her Juris Doctor from Arellano University School of Law, graduating with the Order of the Flaming Arrows Award, and served as Chairperson of the Arellano Bar Operations Commission and President of the Arellano Law Academic Society.

    View all posts

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