RMC No. 40-2021 — Publishes the full text of COA-DBM Joint Circular No. 1, s. 2021 dated March 8, 2021 entitled, “Guidelines Implementing Executive Order (E.O.) No. 87 Directing that all Accounts Payable Which Remain Outstanding for Two Years or More in the Books of National Government Agencies be Reverted to the Accumulated Surplus of Deficit of the General Fund of the National Government”

REPUBLIC OF THE PHILIPPINES BUREAU OF INTERNAL REVENUE NNTYYYTN

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City 9M MAR 25 2021 4.584m

RECORDS MGT. DIVISION 3CaJi

March 16,2021

REVENUE MEMORANDUM CIRCULAR NO. 40-202

SUBJECT:Publishing the Full Text of COA-DBM Joint Circular No. 1, s. 2021 GOVERNMENT". EXECUTIVE ORDER (E.O.) NO. 87 DIRECTING THAT ALL ACCOUNTS PAYABLE WHICH REMAIN OUTSTANDING FOR TWO YEARS OR MORE IN THE BOOKS OF NATIONAL GOVERNMENT AGENCIES BE REVERTED TO THE ACCUMULATED SURPLUS OR DEFICIT OF THE GENERAL FUND OF THE NATIONAL dated March 8, 2021 entitled, "GUIDELINES IMPLEMENTING

TO : All Internal Revenue Officials, Employees and Others Concerned

concerned, attached is the photocopy of cOA-DBM Joint Circular No. 1, s. 2021 NATIONAL GOVERNMENT AGENCIES BE REVERTED TO THE ACCUMULATED SURPLUS OR DEFICIT OF THE GENERAL FUND OF THE NATIONAL dated March 8, 2021 entitIed, "GUIDELINES IMPLEMENTING EXECUTIVE ORDER (E.O.) NO. 87 DIRECTING THAT ALL ACCOUNTS PAYABLE WHICH REMAIN OUTSTANDING FOR TWO YEARS OR MORE IN THE BOOKS OF GOVERNMENT". For the information and guidance of all internal revenue officials and others

Circular a wide publicity as possible. All concerned are hereby enjoined to be guided accordingly and give this

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Commissioner of Internal Revenue CAESAR R. DULAY 041654