Collection of National Internal Revenue Taxes from Government-Owned and Controlled Corporation
Revenue Memorandum Circular No. 055-78 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 8, 1978
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August 8, 1978 REVENUE MEMORANDUM CIRCULAR NO. 055-78 SUBJECT : Collection of National Internal Revenue Taxes from Government-Owned and Controlled Corporation TO : All Internal Revenue Officers and Others Concerned Resolution No. 917 dated June 19, 1978 of the Monetary Board amended Central Bank Circular No. 554, quote: "Sec. 1. The second paragraph of Section 1 of Circular No. 554 is hereby amended to read as follows: "xxx xxx xxx Said collection of national internal revenue taxes shall be made in all cities and municipalities with head offices, branches, agencies and extension offices of commercial banks, savings and mortgage banks, stock savings and loan associations, development banks, the Development Bank of the Philippines and the Land Bank of the Philippines: Provided , that the collection of national internal revenue taxes from government-owned or controlled corporations in all cities and municipalities shall be made only through banking offices of the Philippine National Bank and other government banks including the Development Bank of the Philippines." "Sec. 2. This Circular shall take effect fifteen (15) days from date of issuance hereof." Every Regional Director shall furnish a copy of this Circular to every government owned and controlled corporation within his jurisdiction. aisa dc EFREN I. PLANA Acting Commissioner TAN-P4519-F2828-A-8
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