Clarifications on Certain Issues Relative to the Voluntary Assessment and Payment Program (VAPP) Pursuant to Revenue Regulations (RR) No. 21-2020

October 7, 2020REVENUE MEMORANDUM CIRCULAR NO. 111-20SUBJECT : Clarifications on Certain Issues Relative to the Voluntary Assessment and Payment Program (VAPP) Pursuant to Revenue Regulations (RR) No. 21-2020   TO : All Internal Revenue Officers, Employees and Others Concerned This Circular is issued to provide clarifications on the implementation of the Voluntary Assessment and Payment Program (VAPP) under Revenue Regulations (RR) No. 21-2020, to wit: Q1. Who are qualified to avail of the VAPP?A1. In general, all persons, natural and juridical, including estates and trusts, are qualified to avail of the VAPP.Q2. What is the covered period?A2. The VAPP covers calendar year 2018 and fiscal year 2018 ending in July, August, September, October, and November 2018, as well as those ending in January, February, March, April, May and June 2019, for availments on the registered tax types of the taxpayer. For one-time transactions (ONETT) of individuals and taxpayers on a calendar year basis, the VAPP covers all transactions from January to December 2018. For taxpayers on a fiscal year basis, the covered ONETT are those within...