8box Solutions Inc.


Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE REGULATIONS NO. 3-2014 issued on February 11, 2014 amends Section 10 of Revenue Regulations No. 10-2010 (“Exchange of Information Regulations”) to read as follows: “A taxpayer shall be duly notified in writing by the Commissioner that a foreign tax authority is requesting for exchange of information held by financial institutions pursuant to an international convention or agreement on tax mattes within sixty (60) days from receipt of the said request. However, if notification within this period will undermine the chances of success of the investigation conducted by the requesting foreign tax authority, the taxpayer shall be notified within six (6) calendar months from receipt of the request.”