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The BIR lifts its previous tax audit suspension

|Philippines
Philippines

The updated audit procedures entail key changes, including:

  • Audit notices must now prominently display their scope by disclosing if it refers to a full or limited examination.
  • The BIR is prohibited from issuing multiple electronic letters of authority (eLAs) for the same taxable year but will instead conduct a single audit.
  • Taxpayers wishing to separate their VAT audits may file a request no late…