RMO No. 02-2010: Amends certain provisions of RMO No. 4-2007, as amended, relative to the limitation on the amount and period of acceptance of income and other tax payments by Revenue Collection Officers in areas where there are Authorized Agent Banks

Summary

RMO No. 2-2010 amends RMO No. 4-2007, as amended by RMO Nos. 32-2008 and 8-2009, on limits on the amount and period for Revenue Collection Officers (RCOs) accepting tax payments in areas with Authorized Agent Banks.

Key points

1. Annual income tax in April. RCOs may accept cash or check for annual income taxes (BIR Form Nos. 1700, 1701 and 1702) without any limit on amount during the April income tax deadline.
2. Other taxes. For all other taxes, RORs are issued only for cash payments not exceeding Twenty Thousand Pesos per return. Payments by check have no limit.
3. Period for issuing RORs. For annual income tax of individual taxpayers and calendar-period corporate taxpayers, RORs are issued starting five (5) working days before April 15 until April 15.

Who is affected

• Revenue Collection Officers
• Individual taxpayers and calendar-period corporate taxpayers paying annual income tax

Deadlines and effectivity

• ROR issuance for annual income tax: five working days before until April 15

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