When Payment Of Taxes Through Credit/Debit/Prepaid Card Is Deemed Made?

Revenue Regulations (RR) No. 2-2017 was issued by the bureau amending RR No. 3-2016 Section 4(a) and (b) to read as follows:

"SECTION 4. When Payment is Deemed Made. - The payment of taxes through credit/debit/prepaid card shall be deemed made on the date and time appearing in the system-generated payment confirmation receipt issued to the taxpayer-cardholder by the AAB-Acquirer.

However, in case of late remittance or non-remittance of taxes to the BIR, despite the timely issuance of a valid confirmation receipt by the AAB-Acquirer to the taxpayer-cardholder, the liability to pay the tax rests upon the AAB-Acquirer considering that from the time of issuance of a valid confirmation receipt to the taxpayer-cardholder, the AAB-Acquirer becomes the trustee of the government with obligation to remit the payment on time to the BIR.