REVENUE REGULATIONS NO. 23-2002 issued on December 2, 2002 amends certain
provisions of RR Nos. 12, 17 and 18-2002 relative to the coverage, rates and deadline in
the availment of the Voluntary Assessment and Abatement Program (VAAP).
Applications for VAAP availments and corresponding payments thereon on
voluntarily disclosed sales/receipts/income or taxable base must be received not later than
December 16, 2002, subject to the right of the taxpayer to pay in installment.
The Regulations included in its coverage special Income Tax paid under Republic
Act No. 7916 (Special Economic Zone Act), Republic Act No. 7227 (Bases Conversion
and Development Act) and other similar laws.