Suspending the Running of the Statute of Limitations in the Assessment and Collection of Taxes Pursuant to Sec. 223 of the NIRC, as Amended, Due to the COVID-19 Situation

March 27, 2020REVENUE MEMORANDUM CIRCULAR NO. 034-20SUBJECT : Suspending the Running of the Statute of Limitations in the Assessment and Collection of Taxes Pursuant to Section 223 of the National Internal Revenue Code of 1997, as Amended, Due to the Declaration of a National Emergency from the Corona Virus Disease 2019 (COVID-19) Situation   TO : All Internal Revenue Officers, Taxpayers and Others Concerned Republic Act No. 11469 otherwise known as "Bayanihan to Heal as One Act" and Proclamation Nos. 929 and 922, s. of 2020, declared a state of calamity and National Emergency throughout the Philippines due to the 2019 Corona Virus Disease (COVID-19). This Circular is hereby issued to inform all concerned of the suspension of the running of the Statute of Limitations in the assessment and collection of taxes under Sections 203 and 222 of the National Internal Revenue Code (NIRC) of 1997, as amended. Section 223 of the NIRC provides:"The running of the Statute of Limitations provided in Sections 203 and 222 on the making of assessment and the beginning of distraint...