REVENUE MEMORANDUM CIRCULAR NO. 18-2014 issued on March 18, 2014 extends until March 31, 2014 the filing of Sworn Declaration of Loss Arising from Casualty, Theft, Robbery or Embezzlement (BIR Form No. 0806, formerly BIR Form No. 1746) by victims of Supertyphoon Yolanda.

          The extraordinary relief is limited to losses sustained by taxpayers engaged in business in areas affected by Typhoon Yolanda whose books of accounts and relevant records were completely damaged/destroyed, where, as a result, data reconstruction could not be achieved within the time frame provided for under the law.

       Accordingly, taxpayers with business in Yolanda-hit areas but with accounting records maintained elsewhere, such as those with branches but with centralized records in areas not affected by Typhoon Yolanda, are not covered by the said extension.