(Revenue Regulations No. 9-2010 dated September 13, 2010)
To deter tax evasion practices and encourage and improve voluntary compliance of the internal revenue tax laws, the BIR has launched a one-time abatement program for taxpayers who will voluntarily file or amend their tax returns and pay the correct taxes on or before October 29, 2010.
Under this program, the BIR will waive the imposition of the 25% surcharge and compromise penalty but not the interest.
To know more about the program, full text of the Revenue Regulations is accessible at the link below.
ftp://ftp.bir.gov.ph/webadmin1/pdf/53068RR 9-2010.pdf
No comments:
Post a Comment