BIR REVENUE REGULATIONS NO. 13-96, August 23, 1996
FURTHER CLARIFICATION ON THE DATE OF REMITTANCE OF INTERNAL REVENUE COLLECTIONS BY AUTHORIZED AGENT BANKS AS PRESCRIBED BY REVENUE REGULATIONS NO. 15-94
National Administrative Register August 23, 1996
Paragraph 14a of the banks’ obligation under the Agreement entered into by and between the Bureau of Internal Revenue and Accredited Banks, as prescribed in Revenue Regulations Nos. 5-84 and 1-85, as amended by Revenue Regulations No. 15-94, implementing paragraph 5 of Executive Order No. 937 is hereby amended to read as follows:
“(14) To protect the interest of the government, the Bank hereby authorizes:
(a) the BSP through Accounting Department, to debit its demand deposit accounts corresponding to the total daily collections due for remittance on DAY 6 or 5 CALENDAR DAYS after the date of collection OR RECEIPT OF TAX PAYMENT, such amount to be credited by BSP to the “Special Account-BIR Collection” of the Treasury of the Philippines.”
This amendment shall take effect immediately.
Adopted: 23 Aug. 1996
(SGD.) ROBERTO F. DE OCAMPO
Secretary of Finance
Recommending Approval:
(SGD.) LIWAYWAY VINZONS-CHATO
Commissioner