RMC No. 109-2024 — Clarification on the types of checks accepted for payment for One-Time Transaction-Related Internal Revenue Taxes
BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE
Bringing In Revenues for Nation-building NATIONAL OFFICE Quezon City 2 4 SEP 2Q2L
REVENUE MEMORANDUM CIRCULAR NO._1 0 9 -.2 0 2 4
SUBJECT: Clarification on the Types of Checks Accepted for Payment for One-Time Transaction-Related Internal Revenue Taxes
TO : All Internal Revenue Officers, Employees and Others Concerned
No. 49-2018. as amended. Transaction (ONETT) -- related internal revenue taxes, pursuant to Revenue Memorandum Order (RMO) This Circular is hereby issued to clarify the types of checks accepted in payment for One-Time
of taxes through Authorized Revenue Collection Officers (RCOs), citing RMO No. 8-2009 as foliows: Section II of Revenue Memorandum Circular (RMC) No. 4-2021 provides guidelines for payments
Himit on the amount if payment is made thru checks. amount of twenty thousand pesos (Php 20,000.00) per return. However, there shall be no "4. The issuance of RORs shall be limited to tax payments, in cash not exceeding the The following checks should be accepted in payment for internal revenue taxes: payment of the personal tax liability of any of the memhers thereof provided that the name and TIN of the paying member/s shall be indicated on the back / face 1. Manager 's or Cashier 's Checks; 2. Checks drawn against a joint or multiple account for the purpose of tax
of the check:
proprietorship in payment of the tax liability of his/ her business; indicated at the face/back of the check; of the tax liability of the owner provided that the name and TIN of the owner are 3. Checks drawn against the personal account of the owner of a single 5. Checks issued by either of the spouses to pary their income tax liabilities. " 4. Checks drawn against the account of a single proprietorship in payment
In relation thereto, this Office clarifies that for ONElI-related taxes, taxpayers may make payments over the counter using either cash or check at any Authorized Agents Banks (AABs) or RCOs. by check, both AABs and RCOs are directed to accept only Marnager's or Cashier's Check regardless of the amount to standardize the requirements and expedite the verification processes However, RCOs can only accept cash payments up to twenty thousand pesos (P20,000.00). For payments
circular as wide a publicity as possible. All internal revenuc officials, employees and others concerned are hereby enjoined to give this
SEa RreR S MANAGEMENT DIViSION t F INTERNAL REVENUE A FU 6S Commissioner of Internal Revenue ROMEO D. LUMAGUI, JR.
SEP 2 4 2024 By:
WaDMiN uNiLm1 2:S0 pn 3v MARIDUR V ROSARIO Deptify Conunissioner *
I3 tYE. (per DPO No. 1273-2024) Date of signing: -04/ay,[2 Operations Group-- Officer-in-Charge - 0 0 00112"3
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.