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BIR cites Tan as model taxpayer

(The Philippine Star) Updated April 12, 2012 12:00 AM 
MANILA, Philippines - For top businessmen and entrepreneurs, he’s a taipan. For foundations and non-government organizations, he’s a philanthropist. But for the Bureau of Internal Revenue, he might as well be deemed as their number one guy, since he’s their model taxpayer.



                          Tan 
BIR deputy commissioner Nelson Aspe wrote Megaworld chairman & CEO Andrew Tan recently, thanking him “for expressing support for the BIR’s continuing tax campaign to shore up much needed revenue for the government.”
Aspe also congratulated Tan for recording P98,586,296.35 in individual income tax payments for fiscal year 2010, including final taxes paid on dividend income. “With this accomplishment, you are ranked number one in our latest tally of individual taxpayers with the highest income tax payments actually received in cash for the taxable year 2010,” the commissioner declared.
Now that it’s tax season once again, perhaps the BIR needs a role model taxpayer like this business tycoon to remind corporations and individuals of their tax obligations and to settle the same honestly and dutifully.
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KNOWING YOUR BIR REGULATIONS AND ISSUANCES

Revenue Regulations (RRs) are issuances signed by the Secretary of Finance, upon recommendation of the Commissioner of Internal Revenue, that specify, prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes

Revenue Memorandum Orders (RMOs) are issuances that provide directives or instructions; prescribe guidelines; and outline processes, operations, activities, workflows, methods and procedures necessary in the implementation of stated policies, goals, objectives, plans and programs of the Bureau in all areas of operations, except auditing.

Revenue Memorandum Rulings (RMRs) are rulings, opinions and interpretations of the Commissioner of Internal Revenue with respect to the provisions of the Tax Code and other tax laws, as applied to a specific set of facts, with or without established precedents, and which the Commissioner may issue from time to time for the purpose of providing taxpayers guidance on the tax consequences in specific situations. BIR Rulings, therefore, cannot contravene duly issued RMRs; otherwise, the Rulings are null and void ab initio

Revenue Memorandum Circular (RMCs) are issuances that publish pertinent and applicable portions, as well as amplifications, of laws, rules, regulations and precedents issued by the BIR and other agencies/offices.

Revenue Bulletins (RB) refer to periodic issuances, notices and official announcements of the Commissioner of Internal Revenue that consolidate the Bureau of Internal Revenue's position on certain specific issues of law or administration in relation to the provisions of the Tax Code, relevant tax laws and other issuances for the guidance of the public.

BIR Rulings are official position of the Bureau to queries raised by taxpayers and other stakeholders relative to clarification and interpretation of tax laws.
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