RMC No. 123-2016: Identifies the appropriate office where the Revenue District Offices shall submit AAB-related reports

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Summary

RMC No. 123-2016 identifies the office where Revenue District Offices (RDOs) submit their reports on the level of compliance of Authorized Agent Banks (AABs) in collecting internal revenue taxes.

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Key points

  1. New receiving office. The monthly reports mentioned in RMC No. 1-2012, and the additional reports provided in Revenue Regulations No. 2-2008, go to the Collection Performance Monitoring Division. They no longer go to the Collection Programs Division.
  2. Deadline unchanged. RDOs submit the reports within the same prescribed deadline.

Who is affected

  • Revenue District Offices

Deadlines and effectivity

  • Same prescribed deadline for the monthly reports

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.