RMO No. 22-2015: Amends certain portions of RMO No. 11-2014 relative to the policies, guidelines and procedures in the periodic clean-up of Accounts Receivable/Delinquent Accounts

Summary

RMO No. 22-2015 amends parts of RMO No. 11-2014 on the periodic clean-up of Accounts Receivable/Delinquent Accounts (AR/DA), including the inventory form and two annexes.

Key points

1. Revised inventory form. The form for Updates of Delinquent Accounts under Operations Memorandum No. 3-2013, as amended by RMO No. 11-2014, is further amended. It is now called Inventory List of Delinquent Accounts.
2. New columns. The list adds columns for the date of assignment of docket to the Seizure Agent per Unit of the Arrears Management Team, and columns for the AR/DA classification codes.
3. Submission. Offices required to submit an AR/DA inventory send the list in hard and soft copies on or before the 10th day after the close of the month.
4. Amended annexes. Annex C of RMO No. 11-2014 (degree of collectability of AR/DA cases) becomes Annex A-1 of this RMO. Annex E (AR/DA case classification codes) becomes Annex A-2. Guidelines on filling out the list are also provided.

Who is affected

• Offices required to accomplish and submit an AR/DA inventory

Deadlines and effectivity

• Inventory list submission: on or before the 10th day following the close of the month

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