Tax Alert No. 7 [Revenue Memorandum Circular (RMC) No. 2-2021 dated 6 January 2021]

Prescribing the Guidelines in the Handling of Enlisted/Delisted Large Taxpayers

The Commissioner of Internal Revenue has issued RMC No. 2-2021 to prescribe the following guidelines to be observed in relation to the handling of enlisted/delisted Large Taxpayers effective 1 January 2021:

1. All transactions of affected enlisted taxpayers, effectivity of which was postponed up to 1 January 2021, shall remain to be handled by the Revenue District Offices (RDO) where they are registered prior to 1 July 2020;
2. Transactions of delisted taxpayers may now be handled by the RDO having jurisdiction over them.

You may access the full version of the Circular through the BIR website.