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

November 17, 2008 REVENUE MEMORANDUM CIRCULAR NO. 075-08 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 October, 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". 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. EScaIT (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 OCTOBER, 2008 Name & Address of Case No. & Date of TCC Voucher Kind of Tax Year Involved Amount Taxpayer Writ of Execution No. Covered (P) 1. BICOLANDIA DRUG 6047 2006-00000229 Income Tax 1997 348,043.61 CORPORATION February 13, 2006 7 Mercury Avenue cor. E. Rodriguez Jr., Bagumbayan, Quezon City 2. HAMBRECHT AND 7384 2006-00003215 Creditable 2003 906,881.76 QUIST PHILS. INC. April 21, 2008 Withholding Tax Suite 2405 Union Bank Plaza Bldg., Onyx Cor. Sapphire St., Meralco Avenue, Ortigas Pasig City 3. PHILIPPINE REALTY & 6944 2006-000003217 Creditable 2001 14,376,871.55 HOLDING CORP. May 16, 2008 Withholding Tax Andrea North Complex, Balete Drive cor. N. Domingo St., New Manila, Quezon City