Computation of Civil Penalties on Tax Deficiency

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BIR REVENUE MEMORANDUM CIRCULAR NO. 46-99: Computation of Civil Penalties on Tax Deficiency

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Title Supreme Court: Computation of Civil Penalties on Tax Deficiency

Law: Bir Revenue Memorandum Circular No. 46-99

Decision Date: Jun 18, 1999

BIR Revenue Memorandum Circular No. 46-99 outlines the computation of civil penalties, including a 25% surcharge and 20% interest for late payment of internal revenue taxes, as well as procedures for extra-judicial settlement of taxpayer criminal liabilities under the National Internal Revenue Code.

civil penalties

internal revenue

tax delinquency

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