RMC No. 4-2016 — Advises all Revenue Collection Officers not to accept checks, as well as taxpayer's checks drawn from Rural Bank of Villaviciosa (Abra), Inc.

COD REPUBLIC OF THE PHILIPPiNES DePArtMent oF Finance BUREAU OF INTERNAL REVENUE

Quezon City

January 14. 2016

REVENUE MEMORANDUM CIRCULAR NO. 4 - 201%

SUBJECT : Non-acceptance of Checks/Drawn Checks from Rural Bank of Villaviciosa

(Abra), Inc. (A Closed Bank) by Revenue Collection Officers

TO All Revenue Collection Officers (RCOs)/ Special Collection Officers

(SCOs)/Collection Officers (COs) and Others Concerned

For the information and guidance of all concerned. all Revenue Collection Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks. as weli as taxpayer's checks drawn from the RURAL BANK OF VILLAVICIOSA (ABRA), INC. with office address at Provincial Road, Poblacion. Villaviciosa. Abra. in payment of internal revenue taxes as per Monetary Board Resolution of the Banko Sentral ng Pilipinas (BSP). Resolution No. 4 dated January 7. 2016 considering that the said bank is prohibited from doing business in the Philippines and has been piaced under receivership with PDIC as the designated Receiver.

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

J BUREAU OF INTERNAL REVENUE RECORDS MGT DIVISION JAN 22 2016 9:S8A M IMe0 Commissioner of Internal Revenue KIM S. JACINTO 038350 -HENARES

RECEIVED

jAM 222C