RMC No. 57-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Rural Bank of Amadeo (Cavite), Inc.

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Y :TEA! OF INTERNAL REVENUE HECURUS MGT. DIVISION IAY 2 5 2016/+ 4:88P.M

Quezon City RECEIVEO UMeg

May 20, 2016

REVENUE MEMORANDUM CIRCULAR NO. 5H-3D1

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

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

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

May 13, 2016 of the Bangko Sentral ng Pilipinas (BSP), considering that the said bank is Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby Cavite in payment of internal revenue taxes as per Monetary Board Resolution No. 827.A dated advised not to accept checks, as well as taxpayer's checks drawn from the RURAL BANK OF AMADEO (CAVITE), INC. with office address at 1 11 A. Mabini St., Brgy. 1 (Pob.), Amadeo, 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 Collection

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

KIM S. JACINTO-HENARES Commissioner of Internal Revenue

041676

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