RMC No. 73-2005: Authorizes the use of the Efficient Service Machine developed by Land Bank of the Philippines

Key points

1. Cut-off times. The first cut-off for document retrieval is 12:00 A.M. and end-of-day retrieval is 4:30 PM. Transactions within the first cut-off count for the day. Check payments after the first cut-off, and cash and checks after end-of-day retrieval, count for the next banking day.
2. Payment rules. The ESM accepts a single check per transaction. Late and out-of-district payments are allowed but carry a penalty at the existing rate. Payments with Tax Debit Memo are not accepted and go over-the-counter using LBDES. Cash payments through the system may not exceed P10,000.
3. Batch Control Sheet. The BCS shows the actual amount paid, not the tax due per return. Discrepancies not due to rounding off are the taxpayer’s responsibility. ESM payments use a BCS Code starting 60001, and a BCS report marked NO TRANSACTION is still submitted when there are none.
4. Transaction Receipt. Each successful transaction gets an ESM-generated Transaction Receipt. It shows details such as date and time stamp, Machine ID, RDO Code, TIN, amount, drawee bank, check number, payment slip number and transaction number, plus the late or out-of-district payment label with the 25% penalty.
5. Accepted forms. Accepted forms include 1600, 1600WP, 1601C, 1601E, 1601F, 1602, 1602M, 1603, 1606, 1700, 1701, 1701Q, 1702, 1702Q, 1704, 1706, 1800, 1801, 2000, 2000OT, 2200A, 2200AN, 2200M, 2200P, 2200T, 2550M, 2550Q, 2551, 2553 and 2551M. The BIR copy of the return is stamped ESM RECEIVED by the AAB branch or has the deposit slip attached.

Who is affected

• Taxpayers paying through the LBP Efficient Service Machine

Deadlines and effectivity

• First cut-off 12:00 A.M.
• End-of-day retrieval 4:30 PM