Rural Bank of Basay (Negros Oriental), Inc.
Bank Bulletin No. 07-16 • Bureau of Internal Revenue (BIR) Issuances • Bank Bulletins • Mar 15, 2016
Full text
March 15, 2016 BANK BULLETIN NO. 07-16 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of Basay (Negros Oriental), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF BASAY (NEGROS ORIENTAL), 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 04, 2016 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 370.A dated March 3, 2016 which prohibited RURAL BANK OF BASAY (NEGROS ORIENTAL), INC. with office address at 525 South Pacific Bldg., Gov. M. Perdices St., Dumaguete City, Negros Oriental from doing business in the Philippines and placed the same under receivership with the PDIC as the designated Receiver. (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue
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