RMO No. 16-2004: Prescribes the policies and procedures in the revalidation and conveyance of Tax Credit Certificates

Key points

1. Transfer of tasks. Issuing the Authority to Purchase and confirming the identities of transferor and transferee move to the Special Task Force on TCC Revalidation at the Collection Service.
2. Discontinued function. The former TCC Revalidation Committee’s task of inquiring on TCC authenticity and outstanding liability is discontinued.
3. Representatives. The Special Task Force entertains only the authorized representative designated in the Special Power of Attorney or Deed of Assignment.

Who is affected

• TCC transferors and transferees
• Special Task Force on TCC Revalidation, Collection Service