REVENUE MEMORANDUM CIRCULAR NO. 63-2013 (September 26, 2013): CLARIFICATION ON THE TAXABLE YEAR COVERED BY REVENUE REGULATIONS NO. 12-2013

Under Revenue Regulations No. 12-2013, in cases where no withholding of tax was made in accordance with Sections 57 and 58 of the Tax Code, no deduction shall be allowed from gross income notwithstanding payment of withholding tax at the time of audit investigation, reinvestigation/reconsideration.

Revenue Memorandum Circular No. 63-2013 clarifies that the above rule shall only apply to audit investigations for taxable year 2013.

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