RMC No. 53-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Cathay United Bank Co. Ltd. - Manila Representative Office

BUREAU OF INTERNAL REVENUE

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE RECORDS MGT. BIVISION MAY 0 3 2016.1A 3:03.P.M or

Quezon City RECEIV EP

April 21, 2016

REVENUE MEMORANDUM CIRCULAR NO._ 53- 3016

SUBJECT : Non-acceptance of Checks/Drawn Checks from CATHAY UNITED BANK CO. LTD. -- Manila Representative Office (CUBI) by Revenue Collection

Officers

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

advised not to accept checks, as well as taxpayer's checks drawn from the CATHAY UNITED per Monetary Board Resolution No. 492 dated March 17, 2016 of the Bangko Sentral ng Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby BANK CO. LTD. -- Manila Representative Office (CUBI) with office address at 5th Flr.Citibank Center 8741 Paseo de Roxas, Makati City in payment of internal revenue taxes as Pilipinas (BSP), in view of the cessation of business operations of the said bank in the Philippines. 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. JACIN . HENARES Commissioner of"Internal Revenue

J I 040980

MAY 03 206

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