(1)

March 15, 2010

REVENUE MEMORANDUM ORDER NO. 026-10

SUBJECT : Preparation of the List of Assets to be Prepared by the

Revenue Officer for Cases Under Investigation/Verification
and its Incorporation in the Data Warehouse

TO : All Internal Revenue Officers and Others Concerned

I. Objectives

This Order is issued to:

1. Institute a system for the development of a Data Warehouse that shall

contain information on the assets of taxpayers subject of an
investigation/verification that may be utilized in the collection
enforcement proceedings that may be instituted against taxpayers in the
future; and

2. Revive the preparation of BIR Form No. 1717L, renumbered as BIR

Form No. 0804 (Revised July 1996), prescribed under RMO No. 4-95,
that shall be submitted by all Revenue Officers (ROs) conducting
audit of taxpayers.

II. Policies and Procedures

1. In addition to the reporting requirements to be prepared and/or

submitted in the audit/verification of internal revenue tax liabilities
under a Letter of Authority (LA) or Tax Verification Notice (TVN), the
Revenue Officer (RO) shall determine all the assets of a taxpayer being
investigated, such as type of assets, location of the assets, bank accounts
maintained, etc., and secure pertinent information thereof.

2. The List of Assets, business and personal, domestic and foreign,

prescribed under BIR Form No. 0804 (Annex "A") shall be encoded by
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 the RO within one (1) month from the date of service of the LA/TVN to
the taxpayer following procedures to be prescribed by the Deputy
Commissioner-Information Systems Group (ISG). The RO shall print
one hard copy of the list to be attached to the docket of the case.

3. The Head of all Audit Offices shall monitor the compliance of the ROs
on the encoding of the required List of Assets and attachment of a copy
to the docket as prescribed in this Order. IHCSTE

4. The Deputy Commissioner-ISG shall develop the facility to allow the

viewing of information on assets of taxpayers for use in the collection
enforcement proceedings, if warranted.

III. Repealing Clause

All other issuances inconsistent herewith are hereby modified or repealed

accordingly.

IV. Effectivity

This Order shall take effect immediately upon approval.

(SGD.) JOEL L. TAN-TORRES

Commissioner
Bureau of Internal Revenue

ANNEX A

BIR FORM NO. 0804

LIST OF ASSETS
Domestic and Foreign
________________________
(Name of Taxpayer)
As of ____________________

Tax Identification Number (TIN): ________________ LA [ ] TVN [ ] No. _____

Address: ____________________________________ Tax Type: _____________
___________________________________________ Taxable Year: __________

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 A. Used in Business

Value (in
Philippine Peso)
Reference Size/Area Classification(Cost, if
acquired by
(OCT/TCT/ (No. of Units (e.g., Residential,
purchase; zonal value
Type CCT No. Location for Machinery Commercial,or fair
market value,
and/or Tax and Equipment) Agricultural,
whichever is higher, if
Declaration No.) etc.)by
inheritance or
donation)
Real Land
Properties Land and
Building
Others
Machinery and
Equipment
(in detail)

Type/Nature Account No. Name/Address of Bank Total Value

of Account
In Foreign In Pesos
Cash on Hand Currency
and in Bank

Total Collectible Amount

Type/Nature Name & Address of Debtor In Foreign In Pesos
Currency
Receivables

Name/Address No. of Total Value

Type/Nature of of Issuing Shares/ Value per
Investment Company Units Share/Unit In ForeignIn
Pesos
Investments Currency
in Stocks,
Bonds and
Other
Certificates

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 Type of
Motor Motor and
Vehicle Engine Brand/Model Plate No./Registration No. Total Value
(Land, Air, Number
Water)
__________ __________ ____________ _____________________ ____________
__________ __________ ____________ _____________________ ____________

Type Nature and Description Physical Location Value

Other
Business
Assets

B. Personal
Value (in
Philippine Peso)
Reference Size/Area Classification(Cost, if
acquired by
(OCT/TCT/ (No. of Units (e.g., Residential,
purchase; zonal value
Type CCT No. Location for Machinery Commercial,or fair
market value,
and/or Tax and Equipment) Agricultural,
whichever is higher, if
Declaration No.) etc.)by
inheritance or
donation)
Real Land
Properties Land and
Building
Others
(specify)

Type/Nature Account No. Name/Address of Bank Total Value

of Account
In Foreign In Pesos
Cash on Hand Currency
and in Bank

Type/Nature Name & Address of Debtor Total Collectible Amount

In Foreign In Pesos
Currency
Receivables

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 Type/Nature of Name/Address No. of Value per Total Value
Investment of Issuing Shares/ Share/Unit In ForeignIn
Pesos
Company Units Currency
Investments
in Stocks,
Bonds and
Other
Certificates
Type of
Motor Motor and
Vehicle Engine Brand/Model Plate No./Registration No. Total Value
(Land, Air, Number
Water)

__________ __________ ____________ _____________________ ____________

__________ __________ ____________ _____________________ ____________

Type Nature and Description Physical Location Value

Other Jewelry
Assets Furnitures

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 Endnotes

1 (Popup - Popup)
Annex A

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