Summary
RMC No. 42-2005 clarifies which collection month Tax Remittance Advice (TRA) collections are reported in under the 12.09 report. It reiterates Revenue Memorandum Order No. 27-2001.
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Key points
- Reckoning date. The date stamped received by the Bureau of the Treasury (BTr) decides the month of collection in the 12.09 report, not the date of the TRA document.
- December exception. TRAs dated December that are stamped received by the BTr from January 2 to 31 count as December collection.
Deadlines and effectivity
- December TRAs stamped received January 2 to 31 count as December
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.