BIR REVENUE MEMORANDUM CIRCULAR NO. 18-2009, March 27, 2009
ACCEPTANCE AND REPORTING OF TAX RETURNS AND PAYMENTS
No. 67-2008 dated August 14, 2008 in order to clarify the prescribed
date of collection of all accepted tax returns and payments, including
payments thru checks received by Authorized Agent Banks (AABs) after
cut-off time/clearing time.
As a general rule, all accepted tax returns and payments received
shall be validated and reported by the AABs on the day of acceptance or
transaction. The date of collection in the Batch Control Sheet (BCS)
report should be the actual day when the return was filed and the
payment was made. However, tax returns filed with check payments made by the taxpayers after the AABs’ cut-off time/clearing time shall be accepted, stamped “Received After Cut-off Time/Clearing Time” and validated on the actual day of acceptance or transactions. The
filing date that should appear in the filed returns should be the
actual day of filing thereof but the amount of taxes collected thru
checks after the “cut-off time/clearing time” shall be reported in the BCS as collection of the AAB for the following working day. All
BCS, together with the supporting tax returns, shall be submitted to
the concerned BIR Offices on time and in accordance with the existing
procedures.
All concerned are hereby enjoined to be guided accordingly and to give this Circular as wide a publicity as possible.
Adopted: 27 March 2009
(SGD.) SIXTO S. ESQUIVIAS IV
Commissioner of Internal Revenue