On July 13, 2016, BIR issued the Revenue Memorandum Circular No. 74-2016 to streamline the requirements and process in issuing Tax Clearances required under Executive Order No. 398.
The tax clearance shall be processed and released within two (2) working days from the submission of complete documents. Documentary requirements necessary to support the application of the tax clearance are the following:
- Duly accomplished and notarized application form with two (2) pieces loose documentary stamps;
- Print-out of certification fee paid thru BIR’s electronic filing and payment system (eFPS), with payment confirmation; and,
- Delinquency Verification issued by concerned LTS or National/Regional Offices with a validity period of 1 month from the date of issue. This shall be issued by the concerned BIR Offices within 24 hours from the taxpayer’s filing of application.
The criteria for approving applications for tax clearance shall be governed by the provisions of existing issuances on the matter.