REVENUE MEMORANDUM CIRCULAR NO. 136-2020 issued on December 17, 2020 clarifies the suspension of the statute of limitation provided under Revenue Regulations No. 11- 2020, which started from March 16, 2020, when the state of emergency was declared due to COVID-19 virus, until sixty (60) days after the lifting of the quarantine.
With such suspension, the counting of the three (3)-year prescriptive period to assess and the five (5)-year period to collect shall exclude the number of days covered by the period of suspension, which is a total of one hundred thirty-seven (137) days.