A look at the BIR’s audit of ‘small’ taxpayers

ATTY. PEACHES ARANAS

Small taxpayers, beware; the Bureau of Internal Revenue (BIR) has you in its sights. The BIR has issued Revenue Memorandum Order (RMO) No. 32-2018, dated July 6, 2018, prescribing the audit/investigation of individual and non-individual taxpayers by the Assessment Divisions of the BIR Regional Offices.