Revised BIR rules on ‘the waiver’

In recent years, the Bureau of Internal Revenue (BIR) has experienced setbacks in many cases where the courts set aside and canceled deficiency tax assessments on the ground that the waiver signed by the taxpayer is invalid. As many taxpayers will know, the waiver — technically, the “Waiver of the Statute of Limitations” — extends the period within which the BIR may issue a deficiency assessment against a taxpayer…