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RMO No. 21-2014: Prescribes the policies, guidelines and procedures relative to the frequency of deposits of internal revenue tax collections by Revenue Collection Officers (RCOs)/Special Collecting Officers (SCOs)/other Collecting Officers (COs) to Authorized Government Depository Banks and the imposition of applicable sanctions/penalties for violations thereof

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Summary

RMO No. 21-2014 prescribes policies and procedures on how often Revenue Collection Officers (RCOs), Special Collecting Officers (SCOs) and other Collecting Officers (COs) deposit tax collections with Authorized Government Depository Banks (AGDB), and the sanctions for violations.

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Key points

  1. Deposit schedule. The schedule in the Order on collection amounts and deposit frequency must be strictly followed. Officers may still deposit earlier if needed to safeguard collections.
  2. Island and far-flung areas. Revenue District Offices must submit the list of officers assigned to island and far-flung municipalities, with reasons why they should not deposit daily. The list goes to the Assistant Commissioner, Collection Service, Attention: Chief, Collection Programs Division, copy furnished the Chief, Collection Performance Monitoring Division, for approval.
  3. Deposit rules. Collections are deposited intact to the nearest AGDB on or before the scheduled date. All collections for the month must be deposited by month end and before the AGDB’s cut-off or clearing time for check payments under RMC No. 17-2012.
  4. Tax deadline exception. If a deposit day falls on a tax deadline and officers must stay at their stations to accept payments or returns, they may deposit on the next banking day after the deadline. This does not apply to officers whose office or station is co-located with the AGDB.
  5. Monitoring and penalties. Revenue District Officers, Heads of Offices, Finance and Collection Division Chiefs and Collection Section Chiefs or Supervisors must monitor through regular spot checks or audit. Non-compliance carries the penalties and sanctions enumerated in RMC No. 74-2012 and civil service rules.

Who is affected

  • Revenue Collection Officers
  • Special Collecting Officers
  • Other Collecting Officers
  • Revenue District Officers and Heads of Offices

Deadlines and effectivity

  • Issued June 11, 2014
  • Monthly collections deposited by end of the month

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (9)

Cites, Cited by CollapseExpand
CitesRMC No. 17-2012RMC No. 74-2012RMO No. 07-2007RMO No. 08-2008RMO No. 08-2009
Cited byRMC No. 67-2015RMC No. 71-2015RMO No. 26-2015RMO No. 29-2016

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.