RMC No. 10-2014 — Emphasizes the regular and prompt submission of the Monthly Report of Bangko Sentral ng Pilipinas Payments through Credit Advice by the Revenue District Offices Digest | Full Text | Annex C

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENt OF FInANCE DUREAU CT INTYERNAL DENEN RECORDS MOT. PIVISION *sB }1 2014 3:54*PM MM LAM

Quezon City RECEIVET

December 27, 2013

REVENUE MEMORANDUM CIRCULAR NO. 10- 2014

SUBJECT: Regular and Prompt Submission of the Monthly Report of Bangko Sentral

ng Pilipinas (BSP) Payments through Credit Advice by the Revenue District Offices (RDOs). TO All Internal Revenue Officials, Employees and Others Concerned

the regular and prompt submission of the Monthly Report of BSP Payments through Credit Advice to the Revenue Accounting Division (RAD), in compliance with Revenue Memorandum Circular of the COA-BIR Resident Auditor. (RMC) No. 31-2004 dated April 21, 2004, as well as with the audit observations/recommendations This Circular is being issued to emphasize the duties and responsibilities of the RDOs in

Report of BSP Payments through Credit Advice with the Monthly Summary Listing of BSP Credit prescribed in aforementioned RMC is hereby reiterated, the details of which are as follows: Advices received from the BSP, strict compliance by all RDOs with the policies and guidelines Relative thereto and in order to properly/effectively monitor and reconcile the Monthly

: Section C.2

XXX

a Receive the tax return from BSP with the attached BSP Credit Advice: b. C. Include the collection from the BSP in their Monthly Statistical Report (BIR Form No. Submit a Monthly Report of BSP Payments through Credit Advice (Annex..C") to the Collection Service, Attention: Revenue Accounting Division every Ioth day of the 12.09); month.

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

KM S. JACINTO-HENARES Commisfioner of Internal Revenue J-3 021262