Tax Alert No. 53 [Revenue Memorandum Order (RMO) No. 41-2022 dated 29 September 2022]

Issuance of Tax Verification Notice for Estate Tax cases

The Commissioner of Internal Revenue has issued RMO No. 41-2022, which discontinues the issuance of Tax Verification Notice (TVN) for Estate Tax cases where the decedent has no registered business.

The issuance is made in order to comply with the “Ease of Doing Business” under Republic Act No. 11032 in relation to the processing of requests for issuance of Certificate Authorizing Registration (CAR) related to the transfer of properties left by the decedent.