Have you read about the new circular issued by the bureau with regards to the Acceptance of Tax Returns/Payments of Internal Revenue Taxes by Authorized Agent Banks (AABs) and Extension of Banking Hours?
The CIR has issued Revenue Memorandum Circular (RMC) No. 12-2017 recently to inform the taxpayers and all concerned in relation with the Acceptance of Tax Returns/Payments of Internal Revenue Taxes by Authorized Agent Banks (AABs) on April 1, 2017 and April 8, 2017 and Extension of Banking Hours from 3:00 P.M. to 5:00 P.M. for the period April 1 to April 17, 2017.
This is in connection with the forthcoming tax deadline and pursuant to the Memorandum of Agreement executed by the AABs, the Bureau of Internal Revenue (BIR) and the Bureau of the Treasury (BTr), more particularly item 2.1.2 of the bank obligations which states that:
"The AAB shall:
1. xxx
2. xxx
2.1.1 xxx
2.1.2 To open bank operations two (2) Saturdays immediately prior to April 15 of every year and extend banking hours from 3:00 p.m. to 5:00 p.m. from April 1 to income tax payment deadline."
all concerned revenue personnel are hereby informed and guided that all AABs have been reminded to open bank operations on April 1, 2017 and April 8, 2017. Moreover, and considering that April 15, 2017 falls on a Black Saturday, they are also advised to extend the banking hours from 3:00 P.M. to 5:00 P.M. for the period April 1 to April 17, 2017, for purposes of accepting tax payments.
Please refer: http://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/RMC%20No%2012-2017.pdf of the full text of RMC No. 12-2017.
