Summary
RMO No. 31-2007 mandates strict supervision of Revenue Collection Officers (RCOs) in Revenue District Offices and directs Regional Directors to activate the Regional Internal Audit Team (RIAT).
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Key points
- Deposits and submissions. RCOs deposit collections immediately within the period set by existing issuances. They submit BCS-A, the tax returns, the attached Revenue Official Receipts and copies of validated deposit slips to the Collection Section within 2 days from receipt of payments.
- Encoding of deposit slips. The Collection Section Chief ensures deposit slips are encoded the same day received, through the Collections and Bank Reconciliation Add Facility for computerized offices and the Payment Data Entry System for non-computerized offices.
- RIAT audits. Regional Directors revive the RIAT functions to prevent loss of revenues from unreported or late deposits. The RIAT audits at least once every three (3) months.
Who is affected
- Revenue Collection Officers
- Collection Section Chiefs
- Regional Directors
Deadlines and effectivity
- Submission to Collection Section within 2 days from receipt of payments
- RIAT audit at least once every three (3) months
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.