Aside from the self-employed and professionals, the taxman will also
keep a watchful eye on business owners who are engaged in high-traffic
operations and those that involve expensive goods.
In Revenue Memorandum Order No. 4-2013, Internal Revenue
Commissioner Kim Henares laid out guidelines on which taxpayers are
being prioritized for audit.
Included in the priority list are businesses related to wrist
watches and jewelry, petroleum fuels like gasoline, real estate,
contractors that deal with government entities (including state firms)
and wholesalers and retailers in general.
continuation ---> http://business.inquirer.net/113385/bir-expands-list-of-audit-targets
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