Eleveted, night view of Makati, the business district of Metro Manila.

On 30 March 2020, in light of the declaration of a State of National Emergency, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 34-2020 (RMC 34-2020) to suspend the running of the statute of limitations on the period to assess and collect taxes under Section 203 and 222 of the National Internal Revenue Code.

The BIR explains that the current situation has prevented the Commissioner of Internal Revenue and/or his authorized representatives from making and serving the required notices and warrants for the assessment and collection of deficiency taxes.

The suspension of the statute of limitations under RMC 34-2020 is for a period commencing on 16 March 2020 until the State of National Emergency is lifted and for sixty (60) days thereafter. The suspension also applies to the issuance and service of assessment notices and warrants and the enforcement and/or collection of deficiency taxes.

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