RMO No. 05-2013 — Prescribes the procedures and guidelines on the redemption of Notice of Payment Schedule relative to the implementation of the VAT TCC Monetization Program

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE RECORPS MGT DNYISICN BUREAU OF INTERMAL RAVENE 2 7 2013 3: 70p.M

March 15, 2013 RECEIVED M4a

Revenue Memorandum Order (RMO) No. 5- 30/3

SUBJECT March 27, 2012 and Joint Circular No.2-2012 dated May 31, 2012 among implemented hy RMO No. 21-2012 dated August 9, 2012. Prescribing Procedures and Guidelines involving Redemption ot Notice of Payment Schedule (NPS) relative to the Implementation of the VAT TCC Monetization Program Pursuant to Executive Order (E.O.) No. 68 dated the DOF. Department of Budget and Management (DBM) and the B!R as

T0 :All Iniernal Revenue Officials, Employees and Others Concerned

OBJECTIVES:

This Order is issued to:

1. Provide procedures and guidelines on the Redemption of Notice of Payment Schedule (NPS)

2. Define the duties, responsibilities and accountabilities of all officials and employees involved in the redemption and payment of NPS.

3. Comply with page 13, Section 27 IV Policies and Guidelincs, Revenue Memorandum Order (RMO) No. 21-2012. dated August 9. 2012.

PROCEDURES AND GUIDELINES: Financial Service (FS) shall:

A. 1. Reccive Masterlist of Notice of Payment Schedule (NPS) from Collection 3. Sign letter request and supporling documents for release of fund. 2. Forward to Budget Division (BD) for preparation of letter request to Department Programs Division (CPD). release of Special Allotment Release Orders (SARO5) and Notice of Cash Allocatioris (NCAs) based on the special budget. of Budget and Management (DBM) thru Department of Finance (DOF) for the

BUREAU OF INTERNAL REVENTE INTERNAL COMNUNICATIONS DIVISION NSA1TYT 1

MAR 2 2 2013

B. I. Reeeive NPS from VAI'TCC holder

2. Transmit to AFD the original NPS reccived for authentication by F1 TRD 3. Receive Report of Analysis (RA) made by ELT'RD togcther with the original NPS

fron AFD to be attached to the DV. 4 Receive Disbursement Voucher (DV), Obligation Request (ObR) and entirc VA'T

TCC Monctization docket fron original VAT TCC issuing olfice. 5.Forward to Budget Division for processing of the ObR. 6.Reecive DV. ObR and the entire VAT TCC Monetization dockct 7. Approve payment{Box B of DV} 8. Forward DV and entire VAT TCC Monetization dockct to General Services

Division (GSD) for check preparation.

BUDGET DIVISION (BD) 5hal:

A. I. Receive Masterlist of NPS VAT TC: Monetivation Program fron FS.

2. Prepare letter request to Department of Budget and Managemcnt (DBM) thru

Departinent of Finance (DOF) for the release ot funds and Spccial Budget. Cash Progran and Listing of NPS for the current year.

4. Forward signed letter request and supporting documents to DBM thru DOF. 3. I'orward letter request and other supporting documcnts to FS for signature.

B. 1, Receive DV, ObR and cntire VAI' TCC monetization docket from FS

2. Conirol and obligatc funds (Box B of the ObR) 3. Transmit to Accounting Division (AD) for processing of payment. 4. Preparc and submit Report on Yearly Accountability to DBM on thc last yuarter of

cach year.

ACCOLNTING DIVISION (AD) shall:

1.Receive DV. certified OhR and entire VA'T TCC Monctization docket from BD

3. Stanip and sign the following on the face of the redeemed NPS. 2. Process claims for monetization

CANCELLED

NI'S No. Redeemed under DV No. dated

Per DOF/DBM/RIR Joint (Circufar No. 2-2012

dated May 31,2(12

BUREAU OF INTERNAL REVENUE RECORDS MGT. DYSICN RECEIV sa1: 2 : 20t3 32p M I 2

4. Certify completeness of documents and cash availability by signing Box A of thc DV 5. Transmit the entire VAT TCC Monetization docket together with the DV to FS for

approval of payment. 6. Prepare and suhmit Monthly list of NPS Rcdeemed by thc Taxpaycr to Collection

Service and CPD.

ACC(UNTABLE F(ORMS DIVISION (AFD} shalL

2. Forward thc NPS to the Excisc LT Rcgulatory Division. Attention: Laboratory 3. Receive the Report of Analysis (RA) from the ELI'RD together with the original NPS copy 1. Receive original copy of NPS. 4. Iorward thc RA and original NPS copy to the Financial Service. Scction, for authentication.

EXCISE LT REGULATORY DIVISION (ELTRD) shall:

2. Submit the Report of Analysis to the AFD together with the original NPS copy. I. Reccive the original copy of NPS from the AFD for authentication.

GENERAL SERVICES DIVISION (GSD) shalI:

l. Prcpare rcfund chcck for thc signature of the Cashier to be countersigned by the

Chicf, GSD for refunds amounting to P10,000.00 or below or lor signature of Chiel

amounting to more than P10,000.00. GSD to be countersigned by the ACIR, Adminisirative Service (AS) for reiunds

2. Transmit check lo As for signalure. 3. Release the refund check to the NPS holder or his/its rcpresentativc after the rcceip

of the following documents. a. Official Receipt (OR) of the NPS holder as evidencc of its reccipt of the refund

theck. b. Special Power of Attorney (SPA) executed by the NPS holder authorizing his/its

represcntative to claim the refund check in his/its hehalf, ift applicable. c. Board Resolution approving the issuance of SPA to authorized representative, if

applicable and d. Proper Identification Card (ID) of the NPS holder or the authorized

representative. 4. T'ransmit to AD all VAT 1CC monetization docket together with the DVs and other

supporting documents processed and approved by the office.

ADMINISTRATIVE SERVICE (AS) sha|l

1.Receive check from GSD 2. Countersign check. 3. Return check to GSD for release to NPS holder

BUREAU OF INTERML REVENUS RECORDS MGT EIVISICN j 2 i 20t3 3:P. 3

PECEIVEI AM

H REPEALING CLAUSE:

repealcd, modified or amended accordingly All rcvenue issuances or portions thercof which are inconsistcnt herewith are hereby

Iv. EFFECTIVITY:

This Order shall takc ef fect immediatcly

KiM S. JaC D-HENARES Commissioner of Intemai Revenue BUREA OT INNA PECORCA NG HVISHON ME7 2 i 2013 3:2PM 014873

ULG

RTCEIVED