RMC No. 34-2016: Advises all Revenue Collection Officers not to accept checks as well as taxpayer’s checks drawn from Rural Bank of Panay, Inc.

Summary

RMC No. 34-2016 tells collection officers not to accept checks drawn from Rural Bank of Panay, Inc., a closed bank, as payment of internal revenue taxes.

Key points

1. Checks not to be accepted. Revenue Collection Officers, Special Collection Officers and Collection Officers must not accept checks drawn from Rural Bank of Panay, Inc. This includes taxpayers’ own checks drawn from that bank.

Who is affected

• Revenue Collection Officers
• Special Collection Officers
• Collection Officers

Deadlines and effectivity

• Issued March 21, 2016

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.