The power to decide disputed assessments, refunds of internal revenue taxes, fees or other charges, penalties imposed in relation thereto, or other matters arising under this Code or other laws or portions thereof administered by the Bureau of Internal Revenue is vested in the Commissioner, subject to the exclusive appellate jurisdiction of the Court of Tax Appeals.
(B) To obtain on
a regular basis from any person other than the person whose internal
revenue tax liability is subject to audit or investigation, or from any office or officer of the
national and local governments, government agencies and instrumentalities, including the
Bangko Sentral ng Pilipinas and government-owned or -controlled corporations, any
information such as, but not limited to, costs and volume of production, receipts or sales
and gross incomes of taxpayers, and the names, addresses, and financial statements of
corporations, mutual fund companies, insurance companies, regional operating
headquarters of multinational companies, joint accounts, associations, joint ventures of
consortia and registered partnerships, and their members;
(C) To summon the
person liable for tax or required to file a return, or any officer or
employee of such person, or any person having possession, custody, or care of the
books of accounts and other accounting records containing entries relating to the
business of the person liable for tax, or any other person, to appear before the
Commissioner or his duly authorized representative at a time and place specified
in the summons and to produce such books, papers, records, or other data, and
to give testimony;
(D) To take such
testimony of the person concerned, under oath, as may be relevant or
material to such inquiry; and
(E) To cause revenue
officers and employees to make a canvass from time to time of any
revenue district or region and inquire after and concerning all persons therein who may be
liable to pay any internal revenue tax, and all persons owning or having the care,
management or possession of any object with respect to which a tax is imposed.
of the Commissioner to Prescribe Real Property Values. - The Commissioner
hereby authorized to divide the Philippines into different zones or areas and shall, upon
consultation with competent appraisers both from the private and public sectors,
determine the fair market value of real properties located in each zone or area. For
purposes of computing any internal revenue tax, the value of the property shall be,
whichever is the higher of:
It shall be the duty of every Revenue District Officer to examine the efficiency of all officers and employees of the Bureau of Internal Revenue under his supervision, and to report in writing to the Commissioner, through the Regional Director, any neglect of duty, incompetency, delinquency, or malfeasance in office of any internal revenue officer of which he may obtain knowledge, with a statement of all the facts and any evidence sustaining each case.
In case the actual collection exceeds or falls short of target as set in the annual national budget by fifteen percent (15%) or more, the Commissioner shall explain the reason for such excess or shortfall.
(B) Report to
Oversight Committee. - The Commissioner shall, with reference to Section
of this Code, submit to the Oversight Committee referred to in Section 290 hereof,
through the Chairmen of the Committee on Ways and Means of the Senate and House
of Representatives, a report on the exercise of his powers pursuant to the said section,
every six (6) months of each calendar year.