Rural Bank of San Fernando (Cebu), Inc.
Bank Bulletin No. 16-13 • Bureau of Internal Revenue (BIR) Issuances • Bank Bulletins • Jul 22, 2013
Full text
July 22, 2013 BANK BULLETIN NO. 16-13 TO : All BIR Authorized Agent Banks SUBJECT : Rural Bank of San Fernando (Cebu), Inc. Effective immediately, all Authorized Agent Banks are hereby advised not to accept RURAL BANK OF SAN FERNANDO (CEBU), 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 July 5, 2013 informing the Bureau of Internal Revenue of the issuance of Monetary Board Resolution No. 1087 dated July 4, 2013 which prohibited RURAL BANK OF SAN FERNANDO (CEBU), INC. with Office address at San Fernando, Cebu 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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