RMC No. 22-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Lapu-Lapu Rural Bank, Inc. Digest | Full Text | Annex

BUREAU OF INTERNAL REVENUE REPUBLIC OF tHE PHILIPPINES DEPArtMEnt OF FINAnCE Quecon Cit: BURTAU OF ITURNAL REYENUR REOORSMGTDISION RECEIO FEB 23 20164 2: 24 P.M UMaa

February 18. 2016

REVENUE MEMORANDUM CIRCULAR NO 22-DI

SUBJECT : Non-acceptance of Checks/Drawn Checks from LAPU-LAPU RURAL

BANK, INC. (A Closed Bank) by Revenue Collection Officers

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

(RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not For the information and guidance of all concerned, all Revenue Collection Officers

in payment of internal revenue taxes as per Monetary Board Resolution of the Banko Sentral is prohibited from doing business in the Philippines and has been placed under receivership ng Pilipinas (BSP), Resolution No. 121 dated January 28, 2016 considering that the said bank with PDIC as the designated Receiver. to accept checks. as well as taxpayer's checks drawn from the LAPU-LAPU RURAL BANK, INC. with office address at Sta. Catalina St.. Brgy. Poblacion II. Carcar City. Cebu

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

Commissioner of Internal Revenue KIM S. JACINTO -- HENARES

039146 J-