Summary
RMO No. 13-2021 further amends RMO No. 15-2016 by adding BIR offices responsible for bank accreditation.
Key points
- Amended provision. Section II.A of RMO No. 15-2016 is restated to create a Bank Accreditation Committee (BAC).
- Committee members. The Assistant Commissioner, Collection Service chairs the BAC. Members are the Assistant Commissioners of Legal Service and Enforcement and Advocacy Service, the HREAs of the Information Systems Development and Operations Service and the Information System Project Management Service, and the Head of Revenue Data Center (RDC) Luzon 2. Representatives of the Office of the Commissioner of Internal Revenue and the Office of the Deputy Commissioner of Internal Revenue, Operations Group also sit as members.
- Functions. The BAC evaluates applications for accreditation, renewal, disaccreditation, and requests for waiver of penalties of Banks. It makes recommendations to the Commissioner of Internal Revenue, the Deputy Commissioner, Operations Group or the Management Committee (MANCOM).
Who is affected
- Banks applying for accreditation
- BIR offices on the Bank Accreditation Committee
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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