Rural Bank of Magsingal (Ilocos Sur), Inc.
Bank Bulletin No. 07-15 • Bureau of Internal Revenue (BIR) Issuances • Bank Bulletins • Mar 30, 2015
Full text
March 30, 2015 BANK BULLETIN NO. 07-15 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of Magsingal (Ilocos Sur), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF MAGSINGAL (ILOCOS SUR), 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 the Philippine Deposit Insurance Corporation (PDIC) dated March 06, 2015 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 331.13 dated March 5, 2015 which prohibited RURAL BANK OF MAGSINGAL (ILOCOS SUR), INC. with office address at San Vicente, Magsingal, Ilocos Sur from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. aScITE (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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