Sarangani Rural Bank, Inc.
Bank Bulletin No. 05-14 • Bureau of Internal Revenue (BIR) Issuances • Bank Bulletins • Feb 25, 2014
Full text
February 25, 2014 BANK BULLETIN NO. 05-14 TO : All BIR Authorized Agent Banks SUBJECT : Sarangani Rural Bank, Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept SARANGANI RURAL BANK, INC. checks, as well as taxpayers' checks drawn from the said Bank, in payment of internal revenue taxes. This advisory is in view of the letter of Philippine Deposit Insurance Corporation (PDIC) dated December 6, 2013 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 2022 dated December 5, 2013 which prohibited SARANGANI RURAL BANK, INC. with Office address at P. Acharon Blvd., Gen. Santos City, South Cotabato from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. For your guidance and strict compliance. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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