RMC No. 73-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from New Rural Bank of Binalbagan (Negros Occidental), Inc.

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE DARFAU OF NTERNAL REVENUE HECORLS MGT DIVISION JUL U8 2015 T: iY AM

Quezon City RECEIV fMAwb+ S

July 5.2016

REVENUE MEMORANDUM CIRCULAR NO. +3- 3D1t

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

Revenue Collection Officers BINALBAGAN (NEGROS OCCIDENTAL),INC. (A Closed Bank) by

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

advised not to accept checks, as well as taxpayer's checks drawn from the NEW RURAL revenue taxes as per Monetary Board Resolution No. 1002.A dated June 9, 2016 of the Bangko Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby National Highway, Brgy. Progreso, Binalbagan. Negros Occidental, in payment of internal the Philippines and has been placed under receivership with PDIC as the designated Receiver. BANK OF BINALBAGAN (NEGROS OCCIDENTAL), INC., with office address at Sentral ng Pilipinas (BSP), considering that the said bank is prohibited from doing business in For the information and guidance of all concerned, all Revenue Collection

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

Commissioner of Internal Revenue CAESAR R.DULAY

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