BIR Ruling

September 7, 1970 The Regional Director Revenue Region No. 5 Valenzuela, Bulacan S i r : This refers to the letter dated May 23, 1970 of Mr. Restituto Santiago, Revenue Collection Agent of Valenzuela, Bulacan, requesting information as to whether the checks drawn against the Philippine Trust Co. issued in payment of internal revenue taxes, which were returned by his depository bank with notation "Drawee Bank On Strike", should be considered as dishonored checks and whether checks drawn against the Philippine Trust Co., should not be accepted pending settlement of its strike. In reply, you are informed that the aforesaid checks drawn against the Philippine Trust Co. cannot be considered as dishonored checks since the strike of the bank personnel is beyond the control of the taxpayer. You are informed, however, that as of even date the personnel of the Philippine Trust Co. are no longer on strike. Such being the case, the subject checks drawn against said bank may now be presented for payment. cd Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue