RMC No. 121-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Community Rural Bank of Dingras (Ilocos Norte), Inc.

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE PHREAU OF INTERNAL REVENUE TECORIS MGT. DIVISION NOV 2 4 2016 f 2:5DP.M UXu rI1 RECEIVRD

November 15, 2016

REVENUE MEMORANDUM CIRCULAR NO. 121-D01e

SUBJECT :Non-acceptance of Checks/Drawn Checks from Community Rural Bank of Dingras (Ilocos Norte), Inc. (A Closed Bank) by Revenue Collection Officers

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

DINGRAS (ILOCOS NORTE), INC. with office address at Medina St. cor. Puruganan St., Brgy. been placed under receivership with PDIC as the designated Receiver. (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from the COMMUNITY RURAL BANK OF Madamba (Poblacion), Dingras, Ilocos Norte in payment of internal revenue taxes as per Monetary Board Resolution of the Bangko Sentral ng Pilipinas (BSP), Resolution No. 1956.A dated November 3, 2016 considering that the said bank is prohibited from doing business in the Philippines and has For the information and guidance of all concerned, all Revenue Collection Officers

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

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J- Commissioner of Internal Revenue CAESAR R. DULAY 002313