RMO No. 27-2004: Prescribes the guidelines and procedures in granting the Accredited Agent Bank’s request for refund of over-remittance of tax collection

Key points

1. Automatic adjustment. AABs can automatically adjust an erroneous remittance if done within the float period or before actual remittance. No refund is granted unless the collection data in the Collection and Bank Reconciliation System of the Integrated Tax System has been adjusted or corrected.
2. Written request. Refund requests are in writing, addressed to the Assistant Commissioner – Collection Service, Attention to the Chief, Revenue Accounting Division.
3. Required attachments. The request includes a photocopy of the complete Batch Control Sheet-A report for the collection date, acknowledged by the Revenue District Office, and an affidavit of the AAB Branch Officer on the facts of the case. It also includes other proof, such as an official receipt of other payments erroneously reported as BIR payment.

Who is affected

• Accredited Agent Banks

Deadlines and effectivity

• Automatic adjustment: within the float period or before actual remittance