Revenue Memorandum Circular (RMC) No. 19-2010
dated March 5, 2010

The BIR through RMC 19-2010 sets forth the following tax audit guidelines:

1. For tax cases existing prior to the effectivity date of RA No. 9520 last March 22, 2009, the old Cooperative Code under  RA No. 6938 shall govern;

2. For the audit/investigation of 2008 tax returns of Cooperatives, including tax returns of fiscal period taxpayers whose taxable year ended before March 22, 2009, all BIR Offices are authorized to issue notices of investigation following the procedures under the applicable Audit Program; and

3. For all other tax cases covering the period beyond March 22, 2009, BIR Offices are required to obtain prior authorization from the CDA, copy furnished the concerned Cooperative, within twenty (20) days from receipt of the request from the BIR.

To read the full text of RMC 19-2010, just click on the following link http://www.bdblaw.com.ph/index.php?option=com_dms&task=show_document&category_id=4&id=275&Itemid=183.