July 15, 2020
REVENUE MEMORANDUM CIRCULAR NO. 074-20
| SUBJECT | : | Amending and/or Clarifying Certain Provisions of RMC 34-2020 |
This Circular is being issued to clarify the penultimate paragraph of RMC 34-020 which states:
"The cited provisions and stated circumstances therefore warrant the suspension of the running of the Statute of Limitations under Sections 203 and 222 of the NIRC of 1997, as amended, for a period starting on March 16, 2020 until the lifting of the state of national emergency and for sixty (60) days thereafter. The suspension of the running of the Statute of Limitations shall likewise apply with respect to the issuance and service of assessment notices, warrants and enforcement and/or collection of deficiency taxes. This Circular shall apply nationwide." HTcADC
For purposes of this Circular, the said paragraph is hereby amended to read:
"The cited provisions and stated circumstances therefore warrant the suspension of the running of the Statute of Limitations under Sections 203 and 222 of the NIRC of 1997, as amended, for a period starting on March 16, 2020 until the lifting of the extreme...
