Tax Alert No. 26 [Revenue Memorandum Order (RMO) No. 28-2023 dated 10 August 2023]

Amending certain provisions of RMO No. 23-2023 to Align Existing Policies in the Issuance of Tax Verification Notices (TVNs) in the Processing of Claims for the Value-Added Tax (VAT) Credit/Refund Except Those under the Authority and Jurisdiction of the Legal Group

RMO No. 28-2023 has been issued to provide clarification on the “head of processing offices” mentioned in several provisions under RMO No. 23-2023, including its Annexes, authorized to issue the respective TVN for VAT credit/refund claims.

Taking into consideration, the following are the amendments related thereto:

1. Item 8 under “General Policies” – TVN shall be issued by the herein indicated Revenue Officials to authorize the verification of VAT credit/refund claims filed under Sections 112, 204(C) and 229 of the Tax Code, as amended.

2. Item 1(c) under “Procedures” – The Revenue Officials identified under item I.8 of this Order shall issue a TVN to authorize the verification of VAT credit/refund.

3. Item 1 of Annex C.3 – The Revenue Officials identified under item I.8 of this Order shall issue a TVN to authorize the verification of VAT credit/refund.

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