The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 22-2020, which introduces amendments in relation to the due process requirement in the issuance of a Deficiency Tax Assessment. RR No. 22-2020 is effective from 1 October 2020 and includes that Section 3 of RR No. 12-1999 is replaced as follows to provide for the preparation of a Notice of Deficiency instead of Notice of Formal Conference:
SECTION. 3. Due Process Requirement in the Issuance …