RMC No. 60-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Sumitomo Mitsui Banking Corporation-Manila Representative Office

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE RECORDS MGT DIVISION JUN U 8 2016 / 2:13 *P.M:

Quezon City RECEIVER Uha

May 27, 2016

REVENUE MEMORANDUM CIRCULAR NO. L 0-301

SUBJECT :Non-acceptance of Checks/Drawn Checks from SUMITOMO MITSUI BANKING CORPORATION -- Manila Representative Office (SMBC- Manila Representative Office) by Revenue Collection Officers

TO (SCOs)/Collection Officers (COs) and Others Concerned All Revenue Collection Officers (RCOs)/ Special Collection Officers

Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from SUMITOMO MITSUI Representative Office) with office address at 21st Floor, Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue, 1226 Makati City in payment of internal revenue taxes as per Monetary Board Resolution No. 767 dated April 28, 2016 of the Bangko Sentral ng Pilipinas (BSP), in view of the cessation of business operations of the said bank in the Philippines. BANKING CORPORATION-Manila For the information and guidance of all concerned, all Revenue Collection Representative Office (SMBC-Manila

give this Circular as wide a publicity as possible. All internal revenue officials and employees concerned are hereby enjoined to

KIM S. JACINTO S. HENARES

J- Commissioner of Internal Revenue 042027