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  • RMC No 4-2016

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    Lianda Rome
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    This Revenue Memorandum Circular from the Philippine Department of Finance informs all revenue collection officers that they should not accept any checks or taxpayers' checks drawn from the Rural Bank of Villaviciosa, Abra, Inc. as payment of internal revenue taxes. The circular notes that the Monetary Board of the Bangko Sentral ng Pilipinas has prohibited the bank from doing business in the Philippines and placed it under receivership with the Philippine Deposit Insurance Corporation as the designated receiver. All internal revenue officials are instructed to widely publicize this circular.

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    This Revenue Memorandum Circular from the Philippine Department of Finance informs all revenue collection officers that they should not accept any checks or taxpayers' checks drawn from the Rural Bank of Villaviciosa, Abra, Inc. as payment of internal revenue taxes. The circular notes that the Monetary Board of the Bangko Sentral ng Pilipinas has prohibited the bank from doing business in the Philippines and placed it under receivership with the Philippine Deposit Insurance Corporation as the designated receiver. All internal revenue officials are instructed to widely publicize this circular.

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    © All Rights Reserved
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    9 views1 page

    RMC No 4-2016

    Uploaded by

    Lianda Rome
    This Revenue Memorandum Circular from the Philippine Department of Finance informs all revenue collection officers that they should not accept any checks or taxpayers' checks drawn from the Rural Bank of Villaviciosa, Abra, Inc. as payment of internal revenue taxes. The circular notes that the Monetary Board of the Bangko Sentral ng Pilipinas has prohibited the bank from doing business in the Philippines and placed it under receivership with the Philippine Deposit Insurance Corporation as the designated receiver. All internal revenue officials are instructed to widely publicize this circular.

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    © All Rights Reserved
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    of 1

    REPL]BLIC OF TtIE PHIL,IPPiNES

    D trPARTll I-NT Ofr Irl N ANCE


    BUREALT OF INTEIT.N AI- I].EVEN [J },]

    Quezon City

    January 14.2016

    REVENUE MEMORANDUM CIRCULAR NO. Z! _ N Ib

    SU B,IECT : Non-acceptance of Checksil)tau,n Clheclts 1l'om Rulll Ban,l. o1- \lillar iciosa.
    (-'\br'a), [nc. (A Closed Bankl bv Revettlte Co]lectiort Lltllccrs

    T{} OlIcers (RClOs)t Special Collcciion Olilccrs


    Al1 Rcr,enr.re Clollection
    (SCOsl/Collcction Olllcers lCOst and Others Conccrncd

    For the infot'niatiou and guidancc of all cotrcelned- all Revenuc Coilcctron Ofhcels
    (itCOs)/Speeial Clollection Olllcels (SCOs),/Collectjou Olfrcers (tlOsl ale herebl'alhrseC not to
    accept checks. as u,eii as laxpaver's checks drarvn lr-onr the RURAL BANK OF VILLA\/ICIOSA
    (ABli.A), {NC. u'ith ottLce address atPror,ii:icial Roac1. Poblacion. \rillaviciosa. Abra. in pavment ol
    internal l'e\:el.iue taxes as per lvlonetarl'Boarcl Resolution of tho Banko Sentral ng Pilipinas (BSPt.
    Ilesolution No. 4 dated Janr-1ar1,7.20i6 considering thzrl the s:rid bar.rli is prohibited flor-n cioing
    husiness in the Philippincs arnd has been piaced undei' ieceivership rl'ith ,DI)lC as thc ciesienated
    Receiver'.

    A11inten-ralrevenue otficials and ernplor;ees concerned iire herebl'enjoir-recl to give t}-ris


    Circular as n'ide a publicitl' as possible .

    I 1. j
    //.
    i:'= fr/

    KIM JACINTO - XIENARES


    S.
    EUBE&U 0F' IIflIEBNAI RtlE'lrtiE
    !! .i

    Commissioner of lnternal Revenue


    RECSF"BS MGT, IJII' E*qX$N 'l,

    4:5 ? A'u ,
    fi 3s 3 5 o

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