Kymco Philippines Inc. received a Preliminary Assessment Notice from the Bureau of Internal Revenue regarding tax deficiencies for the 2010 calendar year. They are requesting an extension until June 13, 2014 to respond to the notice in order to have ample time to comply with the April 13, 2014 deadline for filing their annual Income Tax Return and to review the deficiencies stated in the notice. They would like to cooperate with the Bureau to resolve any concerns but need more time given their ongoing audit season.
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Letter of Request For Extension
Kymco Philippines Inc. received a Preliminary Assessment Notice from the Bureau of Internal Revenue regarding tax deficiencies for the 2010 calendar year. They are requesting an extension until June 13, 2014 to respond to the notice in order to have ample time to comply with the April 13, 2014 deadline for filing their annual Income Tax Return and to review the deficiencies stated in the notice. They would like to cooperate with the Bureau to resolve any concerns but need more time given their ongoing audit season.
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February 10, 2014
Kymco Philippines Inc.
Access Road, Multinational illa!e Parana"ue #ity Rosita P. $n!%Meniano &I#%Re'enue (istrict &))icer *ureau o) Internal Re'enue +ram #entre *ld!., (r. A ,antos A'e. cor ,chillin! st., *aran!ay ,an (ionisio, Parana"ue #ity (ear Ms. $n!%Meniano, I am -ritin! re!ardin! the Preliminary Assessment .otice /PA.0 -e recei'ed )rom your bureau re!ardin! our ta1 de)iciencies )or the calendar year 2010. As much as -e li2e to respond to your PA. -ithin 13 days, -e re!ret -e need an e1tension in order to con)irm on our end the de)iciencies stated in the PA.. #onsiderin! the on!oin! audit season -hich ends on April 13, 2014, -e -ould li2e to re"uest )or an e1tension until 4une 13, 2014. 5his e1tension -ill not only !i'e us ample time to comply -ith the April 13, 2014 deadline )or )ilin! the annual Income 5a1 Return, but also ha'e ample time to re'ie- the de)iciencies in the PA.. A!ain, -e -ould li2e to cooperate -ith you to resol'e concerns stated in the PA., and -e hope you -ill allo- us to e1tend the deadline. ,incerely, 4enny alencia Accountin! Mana!er Kymco Philippines Inc.