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RMC No. 59-2004: Circularizes the Department of Budget and Management and Department of Education Joint Circular No. 2004-1 implementing the direct release of funds to the Regional Offices and implementing units (Division/High School)

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Summary

RMC No. 59-2004 circularizes DBM and DepEd Joint Circular No. 2004-1 on the direct release of funds by the DBM to DepEd Regional Offices and implementing units, and the tax remittance that follows.

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Key points

  1. Effect on tax registration. The direct release resulted in the tax registration of those DepEd units with the BIR. Withheld taxes are remitted through Tax Remittance Advice (TRA) for DBM-released funds, or by Check (NON-TRA) for foreign assisted funds.
  2. DepEd units with own payroll. The DepEd Central Office, Regional Offices and Implementing Units managing their own payroll transmit withholding taxes to the nearest RDO through a TRA supported by the Withholding Tax Returns (WTR).
  3. School Division Office personnel. Premiums, contributions, personal loan payments and withholding taxes for Personal Service of SDO personnel paid by Continuous Form Checks or ATM are remitted by the DepEd Regional Office to the respective agencies, financial institutions and authorized private lenders.
  4. SDO operating expenses. Withholding taxes for SDO Maintenance and Other Operating Expenses and Capital Outlays are transmitted by the SDO to the nearest RDO.

Who is affected

  • DepEd Central Office, Regional Offices and Implementing Units
  • School Division Offices

Deadlines and effectivity

  • Joint Circular takes effect January 1, 2004

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.