Thursday, August 6, 2015

Non-acceptance of Checks/Drawn Checks from Closed Banks by Revenue Collection Officers

Revenue Memorandum Circular (RMC) No. 43-2015 has issued by the bureau for the information and guidance of all concerned. All Revenue Collection Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised no to accept checks, as well as taxpayer's checks drawn from the lists of banks that were ordered closed from January, 2014 to June 30, 2015 (please see Annex "A-1)" and Annex "A-2"), as per reports from the Philippine Deposit Insurance Corporation (PDIC), in payment of internal revenue taxes.

Besides, per Monetary Board Resolutions of the Banko Sentral ng Philipinas (BSP), the said banks and their branches are prohibited from doing business in the Philippines and have all been placed under receivership with PDIC as the designated Receiver.

No comments:

Post a Comment