RMC No. 26-2017 — Advises all Revenue Collection Officers and other concerned personnel not to accept checks as well as taxpayer's checks drawn from Rural Bank of Barotac Viejo (Iloilo), Inc.

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

March 9, 2017

REVENUE MEMORANDUM CIRCULAR NO.% - 20/7

SUBJECT Non-acceptance of Checks/Drawn Checks from RURAL BANK OF Collection Officers BAROTAC VIEJO (ILOILO),INC. (A Closed Bank) by Revenue

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

(RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to For the information and guidance of all concerned, all Revenue Collection Officers

accept checks, as well as taxpayers' checks drawn from RURAL BANK OF BAROTAC

Sentral ng Pilipinas (BSP) Monetary Board Resolution No. 284.A dated February 23, 2017 prohibiting the subject bank from doing business in the Philippines and placing it under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated Bank Management Group of PDIC. VIEJO (ILOILO), INC., with Head Office address at Zulueta Drive, Brgy. Poblacion, Barotac Viejo. Iloilo City, in payment of internal revenue taxes. This is in conformity with the Bangko receiver, as stated in the letter dated February 24, 2017 of the Vice-President, Receivership and

The Bank has two (2) branches located at the following addresses:

Jaro Branches Virginia Bldg., Brgy. Hechanova, Jaro, Hoilo City Address

Concepcion Brgy: Poblacion, Concepcion, Hloilo

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

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J-I BURPAN OF ITERNAL REVENUE UEORDS MST DIYSION 1AR 1 5 2017 (L:D2 Commissioner of Internal Revenue CAESAR R. DULAY 004368

AAG RECEIVEE

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