RMC No. 54-2015 — Advises all Revenue Collection Officers not to accept checks/drawn checks from Farmers Rural Bank, Inc.

REAU OF INTERNAL BEPARUMENT OF FINANCE ERNAL COMMUNIBUREAUOPNNTERNAL REVENUE NED 02 2015 REPUBLICOF THE PHILIPPINES Duezon City RSCORE MTTATION BUREAU OF INTERNAL REVENUE RECEIVED SEP0205 Uga

August 24, 2015

REVENUE MEMORANDUM CRCULAR NO. 54 - 30 N

SUBJECT : Closed Bank) by Revenue Collection Officers Non-acceptance of Checks/Drawn Checks from Farmers' Rural Bank. Inc., (A

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

(RCOs)/Special Coliection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from the FARMERS' RURAL BANK, INC. with Office address at Rizal St., Lian, Batangas, in payment of internal revenue taxes as per Monetary Board Resolution of the Banko Sentral ng Pilipinas (BSP), Resolution No. 1266.B dated August 14, 2015 considering that the said bank is prohibited 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 Coliection Officers

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

Commissioner of Internal Revenue KIM S.JACINTO -HENARES

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