BIR Ruling

April 13, 1972 2nd Indorsement Respectfully referred to the Revenue Operations Head (Management Planning), the within papers bearing on the request of the Bankers Association of Cebu, Cebu City, for its member banks to purchase documentary stamps with Manager's and Cashier's checks which was temporarily allowed by the Asst. Revenue Director, BIR Revenue Region No. 13, Cebu City, notwithstanding the requirement that said stamps be purchased with cash under Revenue Memorandum Order No. 34-68 dated June 13, 1968 and the request of said Asst. Revenue Director to have the same approved by the Commissioner of Internal Revenue. The reasons for the request being meritorious and considering that the member banks are all authorized agent banks for receiving internal revenue tax payments, this Office concurs with the action taken thereon by the said Asst. Revenue Director. In view thereof, it is recommend that Revenue Memorandum Order No. 34-68 be amended so as to allow payment of documentary stamps sold with manager's and cashier's checks. PRISCILLA R. GONZALES Revenue Operations Head (Legal)