RMC No. 49-2016 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Koronadal Rural Bank (South Cotabato), Inc. Digest | Full Text

REPUBLIC OF THE PHILIPPINES 0/h/ DEPARTMENT OF FINANCE '[: i "-) BUREAU OF INTERNAL REVENUE Ouezon Citt, ,l,.t.' t.", i, .:i April 6" 201 6 // q- No. fult' REVENLTE I\4EM ORAN DL]N4 CTRCULAR SUB.IE,CT : Notr-acceptance of Checks/Drau,n Checks fi'orn KORONADAL RURAL BANK (SOUTH COTABATO), INC. (A Closed Bank) bl,Revenue Collection Officers TO A11 Revenue Collectiou Officers (RCOs)/ Special Collection Ofhcers (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 advisecl not to accept checks, as well as tarpayer's checks drawn from the KOROI\ADAL RURAL BAI\K (SOUTH COTABATO), INC. u,ith office address at No. Alunan Avenue, Koronadal Citl', South Cotabato in pa1,111ent of internal revenue taxes as per Monetar), Board Resolution No. 428 dated March 10. 2016 of the Bangko Sentral ng Pilipinas (BSP). considerin-u that the said bank is prohibited frorn doing business in the Philippines and has been placed uirder receivership with PDIC as the designated Receiver. Al1 internal revenue off-tcials and employees concerned are herebl, enjoinecl to give this Circular as r,r,ide a pubiicity as possible. KIM S. JA{]INTU - HEI.IARE.S Commissiorrer rrf lnternal Revenue *" i\.tn I fJ:'[U'7 I I ,1- "-l'!\ / '74 'i|' ,/.'\,'