Request to Allow Revenue Collection Officers to Receive Tax Payments over the P10,000.00 Threshold

December 18, 2007 REVENUE MEMORANDUM CIRCULAR NO. 001-08 SUBJECT : Circularizing the Full Text of Unnumbered Memorandum Dated November 29, 2007 Regarding "Request to Allow Revenue Collection Officers (RCOs) to Receive Tax Payments, in Cash or in Checks Over the P10,000.00 Threshold" TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officials, employees and others concerned, quoted hereunder is the full text of Unnumbered Memorandum dated November 29, 2007 regarding "Request to Allow Revenue Collection Officers (RCOs) to Receive Tax Payments, in Cash or in Checks over the P10,000.00 Threshold", as follows: aADSIc "MEMORANDUM FOR : LILIAN B. HEFTI Commissioner of Internal Revenue THRU : The OIC-Deputy Commissioner Operations Group FROM : The OIC-Assistant Commissioner Collection Service SUBJECT : Request to Allow Revenue Collection Officers (RCOs) to Receive Tax Payments, in Cash or in Checks over the P10,000.00 Threshold DATE : November 29, 2007 We have been receiving numerous requests from Regional Directors and Revenue District Officers to allow the Revenue Collection Officers (RCOs) within their jurisdiction to accept tax payments of over Php10,000.00, in cash or in checks during tax deadlines. Pursuant to Section III.(4) of Revenue Memorandum Order (RMO) No. 4-2007, "The issuance of RORs shall be limited to tax payments, in cash or in check, not exceeding the amount of Ten Thousand Pesos (Php10,000.00) per return." IEHSDA Considering, however, the limited accommodation being extended by the Authorized Agent Banks to taxpayers paying thru the banking facilities and so as not to hamper collection efforts of regional offices/district offices, it is hereby recommended that the threshold for tax payments received by the RCOs be increased to Php20,000.00. (SGD.) CORAZON C. PANGCOG OIC-Assistant Commissioner, Collection Service Recommending Approval: (SGD.) NELSON M. ASPE OIC-Deputy Commissioner Operations Group APPROVED: (SGD.) LILIAN B. HEFTI Commissioner of Internal Revenue" All concerned are hereby enjoined to be guided accordingly and give this circular a wide publicity as possible. aSIATD (SGD.) LILIAN B. HEFTI Commissioner of Internal Revenue