Revenue Memorandum Circular No. 21-2018 circularizes Memo-016-2018 dated March 15 2018, which explains the rules imposed by the BIR when it comes to penalties in filing.
Provisions listed in this issued Revenue Memorandum Circular further implements rules listed in Memorandum No. 06-2018 that was issued last 15th of March 2018 which focuses on the imposition of Surcharge. Interest and Compromise Penalties in filing an amended tax return.
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