RMC No. 46-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Rural Bank of Malinao (Aklan), Inc.

1 BUREAU OF INTERNAL REVENUE RePubLIC oF tHe PHILIPPinES . DePArtMent oF FinAnce Quezon City BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION APR 12 2016 /7 2 :I8* O.M. M

RECEIVES

April 5, 2016

REVENUE MEMORANDUM CIRCULAR NO. 40- 3011

SUBJECT : Non-acceptance of Checks/Drawn Checks from RURAL BANK OF

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

TO All Revenue Collection Officers (RCOs)/ Special Collection Officers

(SCOs)/Collection Officers (COs) and Others Concerned

For the information and guidance of all concerned, all Revenue Collection Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from the RURAL BANK OF MALINAO (AKLAN), INC. with office address at San Juan St., Brgy. Poblacion, Malinao. Aklan in payment of internal revenue taxes as per Monetary Board Resolution No. 510 dated March 22, 2016 of the Bangko Sentral ng Pilipinas (BSP), 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.

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

KIM S. JACINTO - HENARES Commissioher of Internal Revenue J-1 040330