Tax Credit Certificates or Disbursement Vouchers for Tax Refund Issued in Compliance with a Writ of Execution

July 17, 2008 REVENUE MEMORANDUM CIRCULAR NO. 048-08 SUBJECT : Processing and Issuance of Tax Credit Certificate (TCC) or Disbursement Voucher for Tax Refund in Compliance with a Writ of Execution Issued by the Court of Tax Appeals TO : All Internal Revenue Officers Concerned Pursuant to Revenue Memorandum Circular No. 10-2001, notice is hereby given that Tax Credit Certificates (TCCs) and/or Disbursement Vouchers for tax refunds issued for the month of June, 2008, in compliance with the Writ of Execution issued by the Court of Tax Appeals in favor of taxpayers, is/are listed in ANNEX "A". EISCaD To ensure that no double refund/credit may take place, it is requested that necessary steps should be taken to verify whether the listed taxpayers have claims for refund/tax credit, involving the same kind of tax, amount and taxable year, still pending in offices with concurrent jurisdiction to process and issue TCCs and disbursement vouchers for tax refund in compliance with the Writ of Execution promulgated by the Courts in favor of a taxpayer. All internal revenue officials and employees are enjoined to give this Circular as wide a publicity as possible. (SGD.) JAMES H. ROLDAN Assistant Commissioner Legal Service ANNEX A TAX CREDIT CERTIFICATES AND DISBURSEMENT VOUCHERS FOR TAX REFUNDS ISSUED PURSUANT TO RMC 10-2001 FOR THE MONTH OF JUNE, 2008 Case No. & Date Name & Address of of Writ of TCC Voucher Kind of Year Involved Amount Covered Taxpayer Execution No. Tax (P) 1 MIRANT PAGBILAO 5912 2006-00000224 Input VAT 2nd Qrt. 1997 1,095,772.39 CORPORATION May 31, 2006 Grande Island, Pagbilao, Quezon 2 GOLDEN ARCHES 6862 2006-00003208 Final Tax Jan. 2002 to 28,831,278.04 DEVELOPMENT January 15, 2008 on royalties June, 2003 CORP. 17/F Citibank Bldg., 8741 Paseo de Roxas Salcedo Village, Makati City 1226 3. MIRANT NAVOTAS 5814 2006-00000222 Input VAT 1st Qrt. of 1997 131,007.13 CORPORATION September 21, 2004 Suite 501, CTC Building 2232 Roxas Boulevard, Pasay City 4. SAN AGUSTIN DRUG 6536 2006-00003209 Income Tax 2000 320,534.00 CORPORATION January 2, 2007 & 2001 Barrera Street, Poblacion, Baliuag, Bulacan