Maintenance of Minimum Amount of Bank Deposit Account in Tax Payments for Electronic Filing and Payment System

September 2, 2016 BANK BULLETIN NO. 26-16 TO : All BIR Authorized Agent Banks SUBJECT : Maintenance of Minimum Amount of Bank Deposit Account in Tax Payments for Electronic Filing and Payment System It has come to the attention of this Office that, despite the express prohibition prescribed under the provisions of previously issued Bank Bulletin Nos. 2010-14 and 2011-33, there are still reports/complaints from concerned taxpayers who are being required by certain Authorized Agent Banks (AABs) to maintain a minimum deposit, or even in excess of the minimum amount for regular deposit account, for bank accounts dedicated in the payment of taxes thru the Electronic Filing and Payment System (eFPS). In view thereof, it is hereby advised that such continuing practice by AABs should be immediately discontinued and the same should not be committed in the future, considering that the same is in violation of the said previously issued Bank Bulletins, as well as the objective of this Bureau to provide the taxpaying public utmost convenience in the payment of their taxes. For your guidance and strict compliance. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue