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RMO No. 22-2003: Gives warning on the use of a spurious Tax Credit Certificate

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Summary

RMO No. 22-2003 warns against the use of Tax Credit Certificate (TCC) No. 023309.

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Key points

  1. Status of the TCC. TCC No. 023309 is purportedly in the name of Maxim Philippines Operating Corporation. As of June 19, 2003, the One Stop Shop Inter-Agency Tax Credit and Duty Drawback Center of the Department of Finance had not issued it.
  2. Effect. The TCC may not be validly used to pay any internal revenue tax liability. It also may not be transferred, assigned or disposed of under existing internal revenue issuances.

Who is affected

  • Maxim Philippines Operating Corporation (named as purported holder)

Deadlines and effectivity

  • Status stated as of June 19, 2003

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.