RR No. 2-2017 — Amends RR No. 3-2016 particularly on when the payment of taxes through credit/debit/prepaid is deemed made and the liability of the Authorized Agent Bank-Acquirer in case of non-payment (Published in Manila Bulletin on February 9, 2017)

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

January 13, 2017 REVENUE REGULATIONS NO._ &- 30/7

SUBJECT Amending Revenue Regulations (RR) No. 3-2016 particularly Section 4(a) and (b) Thereof.

TO All Internal Revenue Offi cers and Others Concerned

SEGTION 1. Scope. -- Pursuant to Sections 12 and 244 of the Nationa! Internal Code of 1997

RR No. 3-2016, particularly on when the payment of taxes through credit/debit/prepaid card is as amended, these Regulations are hereby promulgated for the purpose of amending Section 4 of deemed made and the liability of the Authorized Agent Bank-Aquirer (AAB-Acquirer) in case of non-payment.

SECTION 2. Amendment. ---- Section 4 of RR No. 3-2016 is hereby amended to read as follows:

"SECTION 4. When Payment is Deemed Made. --- The payment of taxes through credit/debit/prepaid card shall be deemed made on the date and'time appearing in the system-generated payment confirmation receipt issued to the taxpayer-cardholder by the AAB-Acquirer.

However, in case of late remittance or non-remittance of taxes to the BIR, despite the timely issuance of a valid confirmation receipt by the AAB-Acquirer to the taxpayer cardholder, the liability to pay the tax rests upon the AAB-Acquirer considering that from the time of issuance of a valid confirmation receipt to the taxpayer-cardholder, the AAB-Acquirer becomes the trustee of the governrnent with the obligation to remit the payment on time to the BIR.

SECTION 3. Repealing/Amendatory Clause

All issuances or portions thereof not consistent herewith are hereby repealed, modified or amended accordingly.

This Revenue Regulation shall take effect immediately

CARLOS G. DOMINGUEZ Secretary of Finance

Recommending Approval:

ianan CAESAR R. DULAY :006904

Commissioner of Internal Revenue A-4 002996 RUREAU OT INTERNAL REVENUE ICORES MGT DIVISION RECEIVEJ FEB 0 8 20!7 G:(3 A. M U