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RMO No. 92-99: Prescribes the policies and procedures on the issuance and maintenance of Drawee Bank Codes

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Summary

RMO No. 92-99, issued December 20, 1999, sets the policies and procedures for issuing and maintaining Drawee Bank Codes.

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Key points

  1. Basis of the codes. The Drawee Bank Codes follow the list provided by the Bangko Sentral ng Pilipinas.
  2. How changes are announced. Issuance, changes and updates are sent through a bank advisory. It goes to all Authorized Agent Banks Head Offices (AAB-HOs), the Bankers Association of the Philippines and all concerned BIR offices.
  3. Role of the head offices. The AAB-HOs pass on any issuance, changes and updates to their respective branches.

Who is affected

  • Authorized Agent Banks Head Offices and their branches
  • Bankers Association of the Philippines
  • Concerned BIR offices

Deadlines and effectivity

  • Issued December 20, 1999

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.