Ramo 54-98

7/22/2019 RMO 53-98
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7/22/2019 RMO 53-98
Income Tax/ Withholding Tax

– Annex A (3 pages)
Value Added Tax

– Annex B (2 pages)
– Annex B-1 (5 pages)
Percentage Tax
– Annex C (2 pages)
Documentary Stamp Tax

– Annex D (1 page)
Estate Tax
– Annex E (4 pages)
Donor's Tax
– Annex F (2 pages)
Withholding Tax Remittance Return/Capital Gains Tax Return/Documentary

Stamp Tax (For transactions involving onerous transfer of real property)
– Annex G (2 pages)
Capital Gain's Tax Return/Documentary Stamp Tax (For transactions involving
onerous transfer of shares of stock not traded through a local stock exchange)
– Annex H (1 page)
Withholding Tax Remittance Return/Capital Gains Tax Return (For

transactions involving onerous transfer of motor vehicles)
– Annex I (1 page)
It is to be emphasized that before a docket be released by an

investigating office, each and every page thereof be consecutively numbered.
It is worth mentioning, likewise, that an investigating Revenue

Officer/Tax Auditor must always request for the presentation of books of
accounts, and accounting/business records, specifically, records affecting the
income, receipts, deductions, estate and other taxable transaction of a taxpayer
during the audit. LibLex
Copyright 2012 CD Technologies Asia, Inc. and Accesslaw, Inc. Philippine Taxation Encyclopedia 2012 2
7/22/2019 RMO 53-98
IV. Repealing Clause
All existing issuances or parts thereof which are inconsistent herewith are
hereby repealed.
V. Effectivity
This order takes effect immediately. cda
LIWAYWAY VINZONS-CHATO
Commissioner of Internal Revenue
ANNEX A
INCOME TAX/WITHHOLDING TAX
A) Requirements from Taxpayer
1) Certified Financial Statements, including comparative Profit and Loss

Statement with Statement of Cost of Goods Manufactured and Sold, if
applicable
2) Proof of claimed tax credit/s, if applicable
3) Proof of the claimed "Interest Expense", if applicable
4) Proof of claimed Bad Debts/worthlessness of credits, if applicable
5) Reconciliation of "Book Income" and "Taxable Income"
6) Certificate of Registration issued by the appropriate regulatory agency,
together with the conditions attached to such registration, if applicable
7) Proof of Exemption under special laws, if applicable
8) Certification of the appropriate regulatory agency as to taxpayer's
entitlement to tax incentives, if applicable
9) Xerox copy of used Tax Credit Certificate with annotation of issued
TDM at the back, if applicable
10) Proof of payment of deficiency tax, if any/applicable
a) current year/period
b) previous year/period
11) Reports submitted to applicable regulatory agency that reflects the
financial condition and result of operation of the taxpayer e.g., Annual
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Statement prepared by insurance companies submitted to the Insurance

Commission etc., if applicable
B.) Reporting Requirements to be prepared and/or submitted by the Revenue Officers
1) Letter of Authority/Audit Notice

2) Duly filed Income Tax Return with all the required attachments
(Account Information Form, Schedule of Taxes and Licenses, Schedule
of Income Producing Properties, Schedule of Depreciation, Breakdown
of Selling and Administrative Expenses, etc.).
3) Proof of payment of the tax, including Tax Debit Memo/TCC
4) Quarterly Income Tax Returns
5) Proof of payment of second installment — INCOME TAX, if applicable
6) Beginning and Ending Inventory List, if material/applicable
7) Notice of Loss; Proof of claimed Losses, if applicable
8) Duly validated Monthly Withholding Tax Returns
9) Duly validated Quarterly Withholding Tax Returns, if applicable
10) Duly validated Annual Withholding Tax Returns together with the
required attachments (Alpha List)
11) Duly received Information Returns
12) Form 1717 Series / Form 0500 Series (Audit Reports)
13) Narrative Memorandum Report
14) Revenue Officer's Activity Report / Log Sheet
15) Table of Contents
16) Working Papers of the monthly debit and credit balances of all accounts
duly signed by the Tax Auditors/Revenue Officers
17) Working Papers showing computation of income and/or withholding
taxes due duly signed by the Tax Auditors/Revenue Officers
18) Schedule of Advances
19) Schedule of Interest Expense and Loans / Notes Payable (mention the
creditor/s, date contracted/granted, principal loan, interest rate and
interest expense), if applicable
20) Schedule of Bad Debts, if applicable
21) Schedule of Loss, if applicable
22) Schedule of Advances from Officers and Stockholders, if applicable
23) Schedule of Advances to Officers and Stockholders, if applicable
24) Schedule of Miscellaneous Income, if material/applicable
25) Schedule of Miscellaneous Expense, if material/applicable
26) Schedule of Interest Income (give details as to source/s and amount), if
material/applicable
27) Schedule of Other Receivables/Miscellaneous Receivables, if
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material/applicable
28) Schedule of Other Payables, if material/applicable
29) Computation of Realized Gross Profit and Unrealized Gross Profit, if the
taxpayer is engaged in the business of selling real estate, whether by
installment or lump sum
30) Computation of Realized Gross Profit and Unrealized Gross Profit, if the
taxpayer is engaged in the business of selling personal properties by
installment
31) Computation of Gross Income from Contracts, if the taxpayer is engaged
in "Construction Business"
32) Detailed reconciliation of "Book Income" and "Taxable Income", if
necessary
33) Reconciliation of the Financial Statements' figures with the Withholding
Tax Returns' and Information Returns' figures
34) Checklist of audit procedures undertaken

35) Agreement Form (for agreed assessment)
36) Notice for an Informal Conference/Post Reporting Notice with the
summary of findings (for non-agreed assessment)
37) Comparative Report of Deficiency Tax Paid/Assessed, if applicable
38) Docket Locator Form
39) Delinquency Verification Report (for Claims for Refund / TCC )
40) Authority to Issue Refund / TCC ( for Claims for Refund / TCC )
41) Breakdown of Control Accounts, if applicable

42) Certification by the Revenue District Office, that he could not locate the
BIR copy of the tax return etc., if applicable
43) Result of Tax Mapping Program or Third Party Information Program for
LAs/Audit Notices issued thereunder
Note:
In case of non-availability of documents from RDO / RDC mentioned in B.2 - B.11,
request photocopies thereof from taxpayer LLjur
ANNEX B
VALUE-ADDED TAX
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A) Requirements from Taxpayers
1) Proof of claimed tax credits
2) Proof of Tax Compliance Certificates applied
3) Xerox copy of used Tax Credit Certificate (TCC) with annotation of
issued TDM at the back, if applicable
4) Proof of payment of deficiency tax, if any

5) Certification of the appropriate government agency as to taxpayer's
6) Xerox copies of the Official Receipts evidencing VAT payment on

imported purchases, if applicable
7) Proof of exemption under special law, if applicable acIASE
8) Certification of the appropriate regulatory agency as to the exempt or

zero-rated sales of the taxpayer under its regulatory supervision, if
applicable

10) Proof of "Approval for Effective Zero-Rating of Sales", if applicable
11) Sample invoice/s for "Export/Exempt Sales", if applicable
12) Proof that the acceptable foreign currency exchange proceeds on export
sales/foreign currency denominated sales had been duly accounted for in
accordance with the rules and regulations of the Bangko Sentral ng
Pilipinas (BSP), if applicable aEHASI
B) Reporting Requirements to be prepared and/or submitted by Revenue Officers
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1) Letter of Authority / Audit Notice
2) Duly validated Monthly VAT Declarations
3) Duly validated Quarterly VAT Returns together with
a) Summary List of Sales and Output Tax; and
b) Summary List of Purchases and Input Tax, if applicable
4) Proof of claimed tax credit, if applicable
5) Proof of payment of the tax
6) Proof of Tax Debit Memo (TDM) applied, if applicable
7) Form 1717 Series / Form 0500 Series (Audit Report)
11) Working Papers duly signed by the Tax Auditors / Revenue Officers
a) Computation of the Value-added tax due

b) Computation of Taxable Receipts/Sales (Tax Base)
c) Computation of Adjustment to Sales and Output Tax, if

applicable
d) Computation of Adjustment to Purchases and Input Tax, if

applicable SEAHcT
e) Computation of Allowable Input Tax
f) Reconciliation of Financial Statements' figures and VAT Returns'

figures
g) Schedule of Sales and Output Tax, if the same is not attached to

the tax return
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h) Schedule of Purchases and Input Tax, if the same is not attached

to the tax return
i) Schedule of Export Sales, if applicable
j) Schedule of "Zero-rated Sales" other than export sales, if

applicable
k) Schedule of Exempt Sales, if applicable
l) Schedule of Importation, with breakdown of the composition of

the landed cost/tax base, VAT payment, O.R. No. and date of the
O.R., if applicable
m) Allocation of Input Tax among Exempt Sales, Zero-rated Sales

and Taxable Sales, if applicable
n) Schedule of Certificate of Tax Compliance applied against VAT

liabilities, if applicable
12) Certificate of Non-VAT Registration, if applicable
15) Post Reporting Notice / Notice for an Informal Conference with the
Summary of Findings (for non-agreed assessment) AECacT
18) Copy of the certified Financial Statements covering the period under
audit
19) Copy of "Access to Records" letter, if third party verification was

conducted, and the documents gathered thereunder
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Note:
In case of non-availability of documents from RDO/RDC mentioned in B.2 - B.6,

request photocopies thereof from taxpayer. AECacT
ANNEX B-1
VALUE — ADDED TAX

(For audit involving Claim for Refund / TCC)
A.) Requirements from Taxpayer
I. Requirements mentioned in Annex B
II. Additional General Requirements
1) 3 copies of "Application for VAT Credit / Refund"
2) Summary List of Local Purchases specifying the following:
Registered VAT Amount Total

Name of Number Invoice Date of OR Date of Input Invoice
Supplier of Supplier Number Invoice No. of OR Purchase Tax Amount
3) Photocopies of VAT purchase invoices for purchase of goods and

official receipts for purchase of services. (The invoices/official
receipts must be arranged according to the summary list)
4) Summary of importations made during the period with the

following details:
Date of AWB/ Date of Total Date of O.R.

Invoice Supplier Item BL No. Arrival Value Payment No. VAT
5) Photocopies of invoices, import entry documents, official

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receipts or confirmation receipts evidencing payment of VAT.

(Segregate documents paid by cash from those paid by tax debit
memo)
6) VAT Returns filed for the quarter showing that the amount
applied for refund/TCC has been reflected as a deduction from
the total available input tax, as well as VAT Return for the
succeeding quarter
7) Certification of taxpayer showing the amount of Zero-rated

Sales, Taxable Sales and Exempt Sales
8) A statement showing the amount and description of the sale of

goods and services, name of persons or entities (except in case of
exports) to whom the goods or services were sold and date of the
transaction, where the applicant 's zero-rated transactions are
regulated by certain government agency
9) Articles of Incorporation — for first time filers
10) Sales Contract/Agreement
11) BOI Certificate of Registration
12) BIR Certificate of Registration
13) Certification from BOI, DOF, BOC, EPZA, etc., that subject
taxpayer has not filed similar claim for refund covering the same
period
14) Sworn statement that ending inventory as of the close of the

period covered by the Claim has been used directly or indirectly
in the products subsequently exported as supported by export
documents, if the applicant is 100% exporter
15) Documents of liquidation evidencing the actual utilization of the

raw materials in the manufacture of goods at least 70% of which
has been actually exported, if the applicant is an indirect exporter
16) Copy of the ITR and Certified Financial Statements, if applicable
17) Beginning and ending inventory of raw materials,

work-in-process, finished goods, supplies and materials
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III. Additional Specific Requirements
1) For Export Sales (Semi-conductor companies, garments, food

etc.)
a. sales invoice number, name of buyer, airway bill / bill of

lading number, lading date, amount of sales in foreign
currency, peso value of sales, conversion rate, date of
remittance, bank credit memo number and amounted
remitted in pesos
b. Photocopies of export documents:
1) Invoices/ receipts evidencing sale of goods, as well as the

name of the person to whom the goods were delivered
with respect to foreign currency denominated sales
2) export declaration/permit
c. accredited agent bank showing that the proceeds of the

sale in acceptable foreign currency had been inwardly
remitted and accounted for in accordance with BSP rules
and regulations. The statement should also show the
amount in foreign currency of the export proceeds or
consideration, date of export, date of inward remittance,
conversion
peso rate into Philippine currency and the total
value thereof.
2. For Zero-Rated Sale of Services (contractors, mining, etc.)
a. Authenticated copy/ies of the contract/s showing the

person/s for whom the services were rendered, amount of
consideration, description of the services and documents
evidencing actual payments
b. Photocopies of official receipts and billings together with
a summary of the date of billing, name of principal,

official receipt number, date of receipt, amount in foreign
currency and the corresponding value thereof, date of
remittance, name of bank, bank credit memo number and
amount remitted in pesos
c. Bank credit memoranda and certificate from the BSP with

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information similar to 1-c (export sales)
Additional Requirements for Manning Services:
a) Monthly BSP report on income of agency received

b). Breakdown of gross foreign receipts specifying the nature
of foreign currency received (e.g. Commission, allotment
manning fee, agency fee, advances, etc.) showing the total
foreign currency value with its peso equivalent, bank
credit memo number, name of bank and date of
remittance pred
3) Effectively zero-rated sale of goods (mining, etc.)/services

(contractors, etc.)
a) Summary of Sales invoices/receipts showing the name of

the person entity to whom the sale of goods or services
were delivered, order of delivery, amount of
consideration and description of goods or services
delivered (RR 6-89 and RMC 2-90)
b) Reconciliation of billings against payment
c) Evidence of actual receipt of goods and services
Additional Requirements for Mining Companies:
a) Reconciliation of billings against actual collection
b) Operating agreement with owner of mining claims, if

applicable
4) Purchase of Capital Goods
a) Original copies of invoices/receipts showing the date of

purchase, purchase price, amount of value-added tax paid
and description of the capital equipment locally
purchased
b) On imported capital goods
1) Photocopy of import entry documents and official

receipts/confirmation receipts of payment issued by the
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Bureau of Customs for value-added tax paid
B.) Reporting Requirements to be prepared and/or submitted by the Revenue

Officers
I. Requirements mentioned in Annex B
II. Additional Requirements (All the requirements mentioned above)
Note:

request photocopies thereof from taxpayer
ANNEX C
OTHER PERCENTAGE TAXES
1) Proof of claimed tax credits

issued Tax Debit Memo (TDM) at the back
4) Proof of payment of deficiency tax
5) Certification of the appropriate government agency as to taxpayer's
7) Certification of the appropriate regulatory agency as to the exempt sales

of the taxpayer under its regulatory supervision, if applicable
8) Proof of exemption under special law, if applicable
9) Sample invoice for "Exempt Sales", if applicable
B) Reporting Requirements to be prepared and/or submitted by the Revenue Officers
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2) Duly validated Percentage Tax Returns, including all the attachments
thereto
3) Tax Debit Memo applied, if applicable
4) Form 1717 series / 0500 series (Audit Reports)
6) Revenue Officer's Activity Report/Log Sheet
8) Working papers showing the computation of the taxable receipts/sales
(tax base) and percentage tax due duly signed by the Tax
Auditors/Revenue Officers cda
9) Reconciliation of Financial Statements' figures and Percentage Tax

Returns' figures
10) Schedule of Exempt Sales/Transactions, if applicable
13) Post Reporting Notice/Notice for an Informal Conference with the
SUMMARY OF FINDINGS (for non-agreed assessment)
16) Delinquency Verification Report (For Claims for Refund/TCC)
17) Authority to Issue Refund/TCC (For Claims for Refund/TCC)
Note:

ANNEX D
DOCUMENTARY STAMP TAX
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issued TDM at the back, if applicable
3) Proof of Exemption under special laws, if applicable
1) Duly filed Documentary Stamp Tax Declaration

2) Duly filed Documentary Stamp Tax Return
3) Tax Debit Memo, if applicable
4) Duly received Information Returns for Documentary Stamp Tax
6) Form 1717 Series / Form 0500 Series (Audit Reports)
7) Narrative Memo Report
10) Working Papers showing details and computation of tax base duly
signed by Tax Auditors/Revenue Officers
11) Working Papers showing computation of Documentary Stamps Tax Due
duly signed by Tax Auditors/Revenue Officers
14) Notice for an Informal Conference / Post Reporting Notice with the
Summary of Findings (for non-agreed assessment)
15) Comparative Report of Deficiency Tax Paid / Assessed
Note:

request photocopies thereof from taxpayer cdasia
ANNEX E
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ESTATE TAX
I. General
1) Certified true copy of the DEATH CERTIFICATE

2) NOTICE OF DEATH duly received by the BIR, if the gross
taxable estate exceeds P20,000 for deaths occurring on or after
Jan. 1, 1998; or if the gross taxable estate exceeds P3,000 for
deaths occurring prior to Jan. 1, 1998
3) DEED OF EXTRA-JUDICIAL SETTLEMENT OF THE
ESTATE, if the estate is settled extrajudicially
4) SPECIAL POWER OF ATTORNEY, if applicable
5) COURT ORDER/DECISION, if the estate is settled judicially
6) A certified copy of the schedule of partition of the estate and the
order of the court approving the same, if applicable
7) Statement of the names of the executor, administrator and/or
heirs, with their respective addresses, who may be made liable
for unpaid assessment
8) Income Tax Returns with all the needed attachments, and duly
certified Financial Statements covering transactions in the year of
death and one (1) year prior to the date of death

9) Copy of the decedent's life insurance policy, if applicable
10) Proof that the transfer of property is from a fiduciary heir or
legatee to the fideicommissary, if applicable
11) Proof that the transfer of property is from a first heir, legatee or
donee to a beneficiary designated by the first heir's predecessor,
if applicable LLphil
12) Proof that the transfer of property is to a social welfare, cultural

and charitable institutions, no part of the net income of which
inures to the benefit of any individual and that not more than
30% of the transferred

administration purposes,property is used by such institution for
if applicable
13) Proof of deficiency tax payment, if any
14) Requirements in the investigation of other internal revenue taxes,
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if they are covered by the tax audit
II. Real Property
1) Certified
Certificatetrue copy/ies
of Title/s of property/ies
of real the Transfer/Original/Condominium
(front and back pages);
2) Certified true copy of the latest Tax Declaration at the time of
death;
3) "Certificate of No Improvement" issued by the Assessor's Office
where properties have no declared improvement;
4) Certification from the Municipal/City/Provincial Assessor's
Office as to the declared real properties in the name of the
decedent and/or his/her surviving spouse at the time of death;
III. Personal Property 1
1) Certificate of Deposit/Investment/Indebtedness owned by the

decedent and the surviving spouse,
2) Certificate of registration of vehicles and other proofs showing
the correct value of the same,
3) Proof of valuation of shares of stocks at the time of death
For listed stocks — newspapers clippings/certification from the
STOCK EXCHANGE
For unlisted stocks — latest Financial Statements of issuing
corporation with computation of book value per share
4) Xerox copy of certificate of stocks
5) Proof of valuation of other types of personal property
IV. Allowable Deductions 2
1) Certification of the Barangay Chairman as to the domicile of the

decedent at the time of his death, if FAMILY HOME is claimed
as a deduction;
2) Proof of CLAIMS AGAINST THE ESTATE, if applicable
a) Certified true copy of the duly notarized promissory note
or contract of loan signed by the decedent and the
surviving spouse;
b) In case of advances made by individuals or corporation to
the decedent, copies of vouchers, cancelled checks,
contract of loan or other documents evidencing the
advances
c) Collection or demand letter of the creditor
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d) Authenticated copy of the latest Balance Sheet of the

Corp.
e) Certification Under Oath as to the balance of the
decedent's account, signed by the President,
Vice-President or other responsible official of the
corporation, or the individual creditor
f) Certified true copy of a mortgage contract
g) Where settlement is made thru the Court, pertinent
documents filed with the court evidencing "claims against
the estate", or the court order approving the said claims, if
already issued;
h) Statement/accounting of disposition of the proceeds of
the loan, for loans incurred within 3 years prior to the
death of the decedent
3) Proof of Other Claimed Deductions

a) On property previously taxed or vanishing deductions —
a copy of the duly bank validated estate/donor's tax return
and proof of payment of the tax on previous
transmission/transfer
b) On claims against insolvent person — a copy of
insolvency proceedings / SEC Certification on dissolved
corporation (where the value of the decedent's interest is
included as part of the gross estate)
4) Proof of Claimed Tax Credit
5) Proof of Claimed Losses
6) Proof of Claimed Medical Expenses claimed
7) Proof of Claimed "Transfer for Public Purpose", if applicable
B.) Reporting Requirements to be prepared and/or submitted by Revenue Officers
1) Letter of Authority (LA)/Return Verification Order (RVO)/Audit Notice,

whichever is applicable
2) Duly validated Estate Tax Return
4) STATEMENTS OF ASSETS AND DEDUCTION duly certified by an
independent CPA, if the gross taxable estate exceeds P2,000,000 for
deaths occurring on or after Jan. 1, 1998; or if the gross taxable estate
exceeds P50,000 for deaths that occurred prior to Jan. 1, 1998
5) Form 0500 series/Form 1717 Series (Audit Reports)
6) Narrative Memorandum Report, for cases covered by LA/Audit Notice
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8) Table of Contents, for cases covered by LA/Audit Notice

9) Duly prepared Letter of Confirmation issued by the reviewing office
11) Certified photocopy of the zonal value of properties located outside of
the investigating region
12) Working papers reflecting items of gross estate and deductions duly
signed by Tax Auditors/Revenue Officers
13) Working papers showing computation of estate tax due duly signed by
Tax Auditors/Revenue Officers
14) Report of Ocular Inspection, if applicable
15) Detailed Schedule of deductions, if applicable
16) Reporting requirements for all the other internal revenue taxes, if they
are covered by the tax audit cdtai
Note:

1. if applicable
2. Proofs of all the claimed deductions must be presented to the Revenue Officer during
the original investigation and that only photocopies must be attached to the docket.
ANNEX F
DONOR'S TAX
I. General
1) Certification of the balance of mortgage assumed by the donee

2) Sworn statement of the relationship of the donor to the donee
3) Proof that the donee is a qualified relative of the donor, if the
donation is being taxed using the schedular rates. (e.g. BIRTH
CERTIFICATE)
4) Proof of exemption for exempt donations, if applicable
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5) Proof of claimed tax credit, if applicable

6) Proof of claimed deductions, if applicable
7) Sworn statement that no other donations were made within the
same calendar year, if applicable;
II. Real Property
1) Certified true copy/ies of the Original/Transfer/Condominium

Certificate of Title ( front and back pages )
2) Certified true copy/ies of the latest Tax Declaration (front and
back pages)
3) "Certificate of No Improvement" issued by the Assessor's Office
where the property/ies have no declared improvements
III. Personal Property
1) Proof of valuation of shares of stock at the time of donation

a) For listed stocks — newspaper clippings/certification
issued by the Stock Exchange as to the value per share
b) For unlisted stocks — latest audited Financial Statements
of the issuing corporation with computation of the book
value per share
2) Certificate of Deposit/Investment/Indebtedness/Stocks for
donated cash and securities
3) Certificate of Registration of vehicle
4) Proof of valuation of vehicle
5) Proof of valuation of other types of personal properties
IV. Claimed Deductions
1) Proof of claimed deductions
1) Letter of Authority/Audit Notice/Return Verification Order, whichever is

applicable
2) Duly validated Tax Return
3) Proof of tax payment
4) Duly notarized Deed of Donation
5) Duly notarized Deed of Extra-judicial Settlement of the Estate with
waiver of rights, if the waiver is subject to donor's tax
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6) Working papers showing the computation of gross donation and

deductions claimed, details of previous donations made within the same
calendar year and computation of deficiency tax due, if any, duly signed
by Tax Auditors/Revenue Officers
7) Form 1717 Series / Form 0500 Series (Audit Report)
8) Table of Contents, for cases covered by LA/Audit Notice
11) Post Reporting Notice/Notice for an Informal Conference with a
Summary of Findings (for non-agreed assessment)
13) Narrative Memorandum Report, for cases covered by LA/Audit Notice
14) Revenue Officer's Activity Report
15) Duly prepared Letter of Confirmation issued by the reviewing office
16) Certified photocopy of the zonal value of property/ies
18) Detailed schedule of claimed deductions, if applicable
Note:

ANNEX G
WITHHOLDING TAX REMITTANCE RETURN

(For transactions involving onerous transfer of Real Property
classified as ordinary asset, whether Taxable or Exempt)
CAPITAL GAIN'S TAX RETURN

(For transactions involving onerous transfer of Real Property
classified as capital asset, whether Taxable or Exempt)
DOCUMENTARY STAMP TAX
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2) Deed of Absolute Sale/Document of Transfer
3) Certified true copy of the Certificate of Title of the real property (front
and back pages )
4) Certified true copy of the latest Tax Declaration (front and back pages)
5) "Certificate of No-improvement" issued by the Assessor's Office, if the
property has no declared improvement
6) Special Power of Attorney, if applicable
7) Seller's latest Certificate of Registration with HLURB or HUDCC and
the latest LICENSE TO SELL, if applicable
8) Seller's latest Certificate of Accreditation issued by the appropriate Real
Estate Builders Association, if applicable
9) Certificate of Exemption from Withholding Tax/Capital Gains
Tax/Documentary Stamp Tax issued by the Commissioner of Internal
Revenue or his representative to the taxpayer, if applicable
10) Proof of Exempt Transfers, if applicable
11) Proof of deficiency tax paid, if any
12) Certificate of Non-productivity of ricefield and other agricultural lands
issued by the Barangay Captain, if applicable
13) Xerox copy of location plan, if applicable
1) Duly filed Tax Return/Tax Declaration
2) Return Verification Order (RVO)

3) Form 1717 Series/Form 0500 Series (Audit Report)
6) Working Papers showing computation of deficiency tax due duly signed
by the Revenue Officer
Note:
In case of non-availability of document from RDO / RDC mentioned in B.1, request

photocopy thereof from taxpayer
ANNEX H
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CAPITAL GAINS TAX RETURN/DOCUMENTARY STAMP TAX

(For transactions involving onerous transfer of shares of stock not traded through the
LOCAL STOCK EXCHANGE)

2) Deed of Absolute Sale/Document of Transfer
3) Proof of acquisition cost
4) Xerox copy of stock certificates
5) Proof of claimed selling expense
6) Xerox copy of the latest Financial Statements of the issuing corporation
with computation of the book value per share
1) Duly filed tax return/tax declaration

2) Working papers showing the composition of gross sales, acquisition
cost/book value of shares, selling expenses, realized gain and
computation of deficiency tax due, if any, duly signed by the Tax
Auditor/Revenue Officer
3) Form 1717 series/Form 0500 series ( Audit Report)

4) Return Verification Order (RVO)
6) Revenue Officer's Activity Report
Note:

photocopy thereof from taxpayer cda
ANNEX I
WITHHOLDING TAX REMITTANCE RETURN

(For transactions involving onerous transfer of motor vehicle
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classified as ordinary asset)
CAPITAL GAINS TAX RETURN

(For transactions involving onerous transfer of motor vehicles
classified as capital asset)
1) Xerox copy of Certificate of Registration

2) Proof of valuation of the motor vehicles
3) Deed of Sale/Document of Transfer
1. Duly validated Tax Returns

2. Return Verification Order (RVO)
3. Form 1717 series/Form 0500 series (Audit Report)
4. Working paper showing computation of the tax due duly signed by the
Tax Auditor/Revenue Officer
5. Docket Locator Form
6. Revenue Officer's Activity Report
Note:

photocopy thereof from taxpayer
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Endnotes
1 (Popup - Popup)
Annex A
Annex B
Annex B-1
Annex C
Annex D
Annex E
Annex F
Annex G
Annex H
Annex I

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Ramo 54-98

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7/22/2019 RMO 53-98

Income Tax/ Withholding Tax

Value Added Tax

Documentary Stamp Tax

Withholding Tax Remittance Return/Capital Gains Tax Return/Documentary

Capital Gain's Tax Return/Documentary Stamp Tax (For transactions involving

Withholding Tax Remittance Return/Capital Gains Tax Return (For

It is to be emphasized that before a docket be released by an

It is worth mentioning, likewise, that an investigating Revenue

IV. Repealing Clause

This order takes effect immediately. cda

INCOME TAX/WITHHOLDING TAX

A) Requirements from Taxpayer

1) Certified Financial Statements, including comparative Profit and Loss

Statement prepared by insurance companies submitted to the Insurance

B.) Reporting Requirements to be prepared and/or submitted by the Revenue Officers

1) Letter of Authority/Audit Notice

34) Checklist of audit procedures undertaken

41) Breakdown of Control Accounts, if applicable

A) Requirements from Taxpayers

1) Proof of claimed tax credits

2) Proof of Tax Compliance Certificates applied

4) Proof of payment of deficiency tax, if any

b) previous year/period

6) Xerox copies of the Official Receipts evidencing VAT payment on

7) Proof of exemption under special law, if applicable acIASE

8) Certification of the appropriate regulatory agency as to the exempt or

9) Certificate of Registration issued by the appropriate regulatory agency,

10) Proof of "Approval for Effective Zero-Rating of Sales", if applicable

11) Sample invoice/s for "Export/Exempt Sales", if applicable

B) Reporting Requirements to be prepared and/or submitted by Revenue Officers

1) Letter of Authority / Audit Notice

2) Duly validated Monthly VAT Declarations

3) Duly validated Quarterly VAT Returns together with

a) Summary List of Sales and Output Tax; and

b) Summary List of Purchases and Input Tax, if applicable

4) Proof of claimed tax credit, if applicable

5) Proof of payment of the tax

6) Proof of Tax Debit Memo (TDM) applied, if applicable

7) Form 1717 Series / Form 0500 Series (Audit Report)

8) Narrative Memorandum Report

9) Revenue Officer's Activity Report / Log Sheet

10) Table of Contents

a) Computation of the Value-added tax due

c) Computation of Adjustment to Sales and Output Tax, if

d) Computation of Adjustment to Purchases and Input Tax, if

e) Computation of Allowable Input Tax

f) Reconciliation of Financial Statements' figures and VAT Returns'

g) Schedule of Sales and Output Tax, if the same is not attached to

h) Schedule of Purchases and Input Tax, if the same is not attached

i) Schedule of Export Sales, if applicable

j) Schedule of "Zero-rated Sales" other than export sales, if

k) Schedule of Exempt Sales, if applicable

l) Schedule of Importation, with breakdown of the composition of

m) Allocation of Input Tax among Exempt Sales, Zero-rated Sales

n) Schedule of Certificate of Tax Compliance applied against VAT

12) Certificate of Non-VAT Registration, if applicable

13) Checklist of audit procedures undertaken

14) Agreement Form (for agreed assessment)

16) Comparative Report of Deficiency Tax Paid/Assessed, if applicable

b) previous year/period

17) Docket Locator Form

19) Copy of "Access to Records" letter, if third party verification was