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Briefer on tax and customs audit processes

First of a series

Recently, the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) respectively issued Letters of Authority (LOAs) and Audit Notification Letters (ANLs) to selected taxpayers and importers. It may thus be the most propitious time to revisit the BIR and BOC audit processes and procedures in light of the revenue-generating agencies' aggressiveness.