Non-Acceptance of Checks/Drawn Checks from Rural Bank of Alabat (Quezon), Inc. (A Closed Bank) by Revenue Collection Officers

August 31, 2016 REVENUE MEMORANDUM CIRCULAR NO. 096-16 SUBJECT : Non-Acceptance of Checks/Drawn Checks from Rural Bank of Alabat (Quezon), Inc. (A Closed Bank) by Revenue Collection Officers TO : All Revenue Collection Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) and Others Concerned For the information and guidance of all concerned, all Revenue Collection Officers (RCOs)/Special Collection Officers (SCOs)/Collection Officers (COs) are hereby advised not to accept checks, as well as taxpayer's checks drawn from the RURAL BANK OF ALABAT (QUEZON), INC. with office address at Caliwara cor. Rizal Sts., Brgy. 2, Alabat, Quezon, in payment of internal revenue taxes as per Monetary Board Resolution No. 1316 dated July 28, 2016 of the Bangko Sentral ng Pilipinas (BSP), considering that the said bank is prohibited from doing business in the Philippines and has been placed under receivership with PDIC as the designated Receiver. All internal revenue officials and employees concerned are hereby enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue