RMC No. 03-2017 — Advises all Revenue Collection Officers not to accept checks as well as taxpayer's checks drawn from Community Rural Bank of Magallon (Moises Padilla, Negros Occidental), Inc.

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

December 22, 2016

REVENUE MEMORANDUM CIRCULAR NO 3- Y1F

SUBJECT :Non-acceptance of Checks/Drawn Checks from COMMUNITY RURAL BANK OF MAGALLON (MOISES PADILLA, NEGROS OCCIDENTAL), INC.

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

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

(RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to For the information and guidance of all concerned, all Revenue Collection Officers

MAGALLON (MOISES PADILLA,NEGROS OCCIDENTAL),INC. with office address at Gomez St., Moises Padilla, Negros Occidental, in payment of internal revenue taxes. This is in accept checks, as well as taxpayers' checks drawn from the COMMUNITY RURAL BANK OF

conformity with the Bangko Sentral ng Pilipinas' (BSP) Monetary Board Resolution No. 2031.B dated November 17, 2016, prohibiting the subject bank from doing business in the Philippines and placing it under receivership with the Philippine Deposit Insurance Corporation (PDIC) as the designated receiver, as stated in the letter dated November 18, 2016 of the Vice President. Receivership and Bank Management Group of PDIC

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

AaC

CAESAR R. DULAY

J- 1 BUREAU OF INTERNAL REVENUE RECORDS MGT. DIVISION JAN 0 5 2017 10:43A.M . Commissioner of Internal Revenue 002782

RECEIVED