Summary
RMO No. 29-2010 sets the guidelines and procedures for processing and paying certain money claims, in line with existing budgeting, accounting and auditing rules and regulations.
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Key points
- Inspection of purchases. Purchases by the Agency are inspected and verified by the Inspection and Acceptance Committee (IAC) to check that deliveries match the specifications, terms and conditions in the Purchase Order, Job Order or contract. Only the IAC may inspect and issue the Inspection and Acceptance Report.
- Return of deficient claims. The office that finds a deficiency or lacking requirement in a claim must return the claim within one (1) working day.
- Conditions for payment. No money claim is paid until evidence of satisfactory IAC inspection is attached, when inspection is required under existing rules. Claims subject to Commission on Audit (COA) pre-audit are paid only after favorable audit action by a COA Auditor.
Who is affected
- Offices processing money claims
- Inspection and Acceptance Committee
Deadlines and effectivity
- Deficient claims returned within one (1) working day
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.