RMC No. 56-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Surigao City Evergreen Rural Bank, Inc.

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION RECEIVED MAY 2 0 2016 Is! A.M A

May 12, 2016

REVENUE MEMORANDUM CIRCULAR NO. 50- 016

SUBJECT : Non-acceptance of Checks/Drawn Checks from SURIGAO CITY EVERGREEN RURAL BANK, INC.by Revenue Collection Officers

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

in payment of intermal revenue taxes as per Monetary Board Resolution No. 647 dated April 14, 2016 of the Bangko Sentral ng Pilipinas (BSP), considering that the said bank is prohibited Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from SURIGAO CITY EVERGREEN RURAL BANK, INC.with office address at 03337 Borromeo St. Surigao City from doing business in the Philippines and has been placed under receivership with PDIC as the designated Receiver. For the information and guidance of all concerned, all Revenue Collection

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

KIM S. JAGTFIO S. HENARES Commissioner of Internal Revenue

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