BIR suspends audits and field operations from December 16, 2024 to January 12, 2025

The Bureau of Internal Revenue (BIR) has suspended all audit and related field operations concerning the examination and verification of taxpayers, including their books of accounts, records, and other transactions from December 16, 2024, to January 12, 2025. During this period, the issuance of audit orders and investigations into taxpayers’ internal revenue tax liabilities will be put on hold, except for the following cases:

1. Cases prescribing on or before April 15, 2024;
2. Tax evasion cases;
3. Processing and verifying estate, donor’s, capital gains, and withholding tax returns related to the sale of real properties or shares of stock, including documentary stamp tax returns;
4. Examination or verification of tax liabilities for taxpayers closing their business;
5. Monitoring of privilege stores (tiangge); and
6. Other matters with specific deadlines.

In addition, revenue collection efforts, including the issuance of assessment notices, warrants, and seizure notices will continue as necessary. Nevertheless, taxpayers may voluntarily settle deficiency taxes without requiring BIR approval.

Please be guided accordingly.

Source: 

P&A Grant Thornton 

Certified Public Accountants 

P&A Grant Thornton is the Philippine member firm of Grant Thornton International Ltd.

As published in SunStar Cebu, dated 31 December 2024