Summary
RMC No. 16-2007 publishes the full text of OCA Circular No. 05-2007 of the Office of the Court Administrator of the Supreme Court. It directs courts to notify the BIR of certain petitions.
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Key points
- Court notices to the BIR. Judges and clerks of Regional Trial Courts notify the BIR, through the Commissioner, whenever petitions are filed involving rehabilitation, insolvency, corporate dissolution by judicial means, or judicial settlement of estates of deceased persons. The notice lets the BIR protect the government’s interest, since the government has first preference in the liquidations.
- BIR action on notices. When the Bureau receives such notices and endorses them to the respective BIR offices, revenue officials and personnel are to act immediately. They ensure the taxes due from the companies or estates are claimed in the proceedings, asserting the government’s right of first preference.
Who is affected
- Judges and clerks of Regional Trial Courts
- Revenue officials and personnel
Deadlines and effectivity
- Issued March 15, 2007
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.