Summary
RMC No. 17-2012 clarifies the dates from which tax collections are recognized and recorded for each mode of payment, to avoid distortion of the collection data in monthly reports.
CollapseExpand
Key points
- Purpose. The Circular sets when collection transactions are recognized and recorded as collections by all concerned BIR offices.
- Collection reports. In preparing their collection reports, the Regional District Offices must strictly follow the policies and guidelines on when collections can be claimed as collection performance, per mode of payment as specified in the Circular.
Who is affected
- All concerned BIR offices
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.