Summary
RMC No. 109-2024 clarifies the types of checks accepted for payment of One-Time Transaction (ONETT)-related internal revenue taxes under RMO No. 49-2018, as amended.
Key points
- Where and how to pay. Taxpayers may pay over the counter in cash or by check at any Authorized Agent Bank (AAB) or Revenue Collection Officer (RCO).
- Cash limit at RCOs. RCOs can accept cash payments only up to ₱20,000.00.
- Accepted checks. AABs and RCOs accept only Manager’s or Cashier’s Check, regardless of the amount. This standardizes requirements and speeds up verification.
Who is affected
- Taxpayers paying ONETT-related taxes
- Authorized Agent Banks
- Revenue Collection Officers
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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