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    RMC No 89-2017

    Uploaded by

    Mark Lord Morales Bumagat
    This Revenue Memorandum Circular amends RMC No. 51-2007 regarding the processing of claims for tax refunds/tax credit certificates (TCCs). It outlines the following key changes: 1. Claims by direct exporters will be filed with and processed by the VAT Credit Audit Division, except for large taxpayers who can choose to file with their LT Division or the VCAD. 2. Thresholds and approving officials are established based on the claimed and granted refund amounts. Refunds over P150M require CIR approval. 3. Claims filed with Revenue District Offices will be reviewed locally and recommended to the Regional Director for approval of amounts under P10M or to National Office for higher

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    RMC No 89-2017

    Uploaded by

    Mark Lord Morales Bumagat
    246 views3 pages
    This Revenue Memorandum Circular amends RMC No. 51-2007 regarding the processing of claims for tax refunds/tax credit certificates (TCCs). It outlines the following key changes: 1. Claims by direct exporters will be filed with and processed by the VAT Credit Audit Division, except for large taxpayers who can choose to file with their LT Division or the VCAD. 2. Thresholds and approving officials are established based on the claimed and granted refund amounts. Refunds over P150M require CIR approval. 3. Claims filed with Revenue District Offices will be reviewed locally and recommended to the Regional Director for approval of amounts under P10M or to National Office for higher

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    RMC No 89-2017

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    This Revenue Memorandum Circular amends RMC No. 51-2007 regarding the processing of claims for tax refunds/tax credit certificates (TCCs). It outlines the following key changes: 1. Claims by direct exporters will be filed with and processed by the VAT Credit Audit Division, except for large taxpayers who can choose to file with their LT Division or the VCAD. 2. Thresholds and approving officials are established based on the claimed and granted refund amounts. Refunds over P150M require CIR approval. 3. Claims filed with Revenue District Offices will be reviewed locally and recommended to the Regional Director for approval of amounts under P10M or to National Office for higher

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    246 views3 pages

    RMC No 89-2017

    Uploaded by

    Mark Lord Morales Bumagat
    This Revenue Memorandum Circular amends RMC No. 51-2007 regarding the processing of claims for tax refunds/tax credit certificates (TCCs). It outlines the following key changes: 1. Claims by direct exporters will be filed with and processed by the VAT Credit Audit Division, except for large taxpayers who can choose to file with their LT Division or the VCAD. 2. Thresholds and approving officials are established based on the claimed and granted refund amounts. Refunds over P150M require CIR approval. 3. Claims filed with Revenue District Offices will be reviewed locally and recommended to the Regional Director for approval of amounts under P10M or to National Office for higher

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    ErjBErtj 0f [:'f'EI1l,;ALf,f,mfdE

    I{-ECORD*I, I IG f, DT/iSION
    REPL]BLIC, OF THE, PHILIPPINES
    DE,PARTML,NT OF FINANCE
    ,l:go P.^,t,--
    BUREAU OF INTERNAL REVENUE
    UCI ?\ZAV tt
    E Quezon City
    RECE Y,ffff
    October 20. 2017

    REVENUE MEMORANDUM CIRCULAR NO. 8 q. 20 17

    SUBJECT : Circularizes the Amendments to Revenue Memorandum Circular No.


    5l-2007 on the Processing of Claims for Issuance of Tax Refund/Tax
    Credit Certificate (TCC) and Revenue Officials Autl-rorized to Approve
    and/or Issue the Tax Refund/TCC

    TO : All Internal Revenue Officiais and Ernployees Concemed

    For the information and guidance of all concerned. this Circular is issued to
    amend the provisions in RMC No. 51-2007 on the processing of claims for issuance of
    tax refund/Tcc. except claims processed under the jurisdiction of the Large Taxpavers
    Service (LTS) and the Legal Service.

    I. Claims for value-added tax (VAT) refund/Tcc b,v direct exporters

    1. A1l claims by direct exporters shall be filed with and processed by the VAT
    Credit Audit Division (VCAD). except for taxpayers under the jurisdiction of
    the LTS, who have the option to fiie with the concerned LT Division where
    they are registered or with the VCAD.

    2. The electronic Letters of Authority (eLAs) invoiving claims filed with the
    VCAD shali be approved and signed by the Assistant Comrnissioner
    Assessment Service (ACIR - AS).

    3. All claims processed by the VCAD shail be reviewed by the Tax Audit Review
    Division (TARD) prior to approval of the claim.

    4. The following are the authorized approving revenue officials:

    andl
    or Approvins Revenue
    Arnount Clairned Amount Granted
    Official
    Not more than Below P 50,000,000.00 ACIR - AS
    P 75,000,000.00

    More than P 75,000,000.00 P 50,000.000.00 up to Deputl, Commissioner -


    up to P 150,000,000.00 P 100,000,000.00 Operations Group (DCIR
    - oG)
    More than P 150,000.000.00 More than F 100.000.000.00 Commissioner of
    Intenral
    Revenue (CIR)
    IL Claims fbr issuance of tax refund/Tcc on incorne and other taxes filed bl,taxpayers
    registered with the Revenue District Offices (RDOs). including VAT refund/TCC
    claims of indirect expofiers

    1 . All claims filed with and processed b,v the RDO shall be reviewed b1, the
    concerned Assessment Division prior to transmittal to the Regional Director.

    2. The Regional Director shall be the authorized approving official fbr claims
    amounting to Ten Miilion (10M) Pesos and below. For clairns exceeding 10M
    Pesos. the repofis on said claims shall be signed by the Regional Director'. who
    shall l'ecommend the approval/issuance of the tax refund/Tcc.

    3. The docket of the claim shall be transmitted to the TARD for further review
    prior to approval of the revenue officials in accordance witl-r the thresholds set
    in item I.4 hereof.

    4. All memorandum reports recommending clairns within the applicable


    threshoids in item 1.4 hereof shali be signed by the ACIR - AS prior to final
    approval by the DCIR - OG/CIR.

    IIL Existing claims from Regional Offices exceeding P 1,000,000.00 (1M Pesos) in the
    possession of the National Office

    Claims which emanated from Regional Offices amounting to more than 1M


    Pesos in the possession of the National Office at the time of the approval of this
    Circular shali be acted upon in accordance with the thresholds set in item I.4 hereof.

    IV. Time frame to process claims for VAT refund/TCC under Section 112 (A) of the
    National internal Revenue Code of 1991 (Tax Code), as ainended

    1. The 1 20-day period prescribed under 1 12 (C) of the Tax Code, as amended,
    shall start from the actual date of filing of the application.

    2. For claims processed by the RDOs amounting to more than P 10,000.000.00


    and ali claims processed by the VCAD, the docket of the claim shall be
    indorsed/forwarded to the TARD for review within eighty (80) calendar days
    from the date of the filing of application for VAT refund/TCC. The RDOs.
    Regional Offices and VCAD shail ensure cornpliance with the required B0-day
    period to process the claims and submit the dockets with the reporls.

    For this purpose, no VAT refund/TCC docket shall be accepted by the National
    Office beyond the BO-day period prescribed herein, regardless of the date when
    the eLA was issued, except for justifiable reasons. e-9., fortuitous events,
    unexpected suspension of work or declared holidays. etc.

    a
    _). The TARD shali ensure that the docket of the claim shall be transmitted to the
    approving official not laterthan one hundred (100) da1,s from the filing of the
    application for VAT refund/TCC.

    BUIU.U 0F F,.lmnli/J, nEf}'lrI


    ItECOrtn 5 IAC'r. D.rV$ION
    (; )D P, 14.
    CCT 7\l1fi tt
    4*n*
    Kf, C tsivrw
    4. The approving officials shall acl on the recommended claims fbr VAT
    refund/TCC not later than the 12011' da-v from receipt of application b1' the
    processing offices.

    In the absence of a dul1,' appointed DCIR - OG. claims for tax refund/TCC fbr
    approval of the said official shall be approved by the CiR.

    All other issuances inconsistent herewith are hereby repealed or rt-rodif-red


    accordingl1,.

    The amendments prescribed in this Circr-rlar shall take effect imrnediateil'.

    All internal revenue otficials and employees concerned are hereb)'enjoir-red to give
    this Circular as u,ide a publicity as possible.

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    c o
    f 010559
    e nue

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