Payment of Internal Revenue Taxes by Checks

May 11, 1967 REVENUE MEMORANDUM CIRCULAR NO. 24-67 SUBJECT : Payment of Internal Revenue Taxes by Checks TO : All Revenue Directors, Revenue District Officers, Revenue Collectors, Cash Clerks and Others Concerned For the protection of all concerned and to avoid the increasing number of dishonored checks, the following shall be observed in the acceptance of private checks in payment of internal revenue taxes, other than documentary and strip stamps which must be paid in cash or certified checks: 1.All private checks in payment of internal revenue taxes must be in CROSSED CHECKS by the taxpayer concerned, payable to the Commissioner of internal Revenue, and the name and address of the taxpayer must be legibly written or printed thereon. 2.No out-of-town checks, or checks drawn against a bank doing business in another locality shall be accepted except those issued in payment of specific taxes by gasoline companies which have refineries located in certain localities. Neither checks coming in the possession of the taxpayers by negotiation or indorsement or as an accommodation shall be accepted. Private checks drawn not for payment of revenue taxes shall not also be accepted, and when such a check is found in the hands of accountable Revenue Collector and/or Cash Clerk without representing a particular collection, necessary administrative or judicial action will be taken against such officer. 3.In all cases where private checks are accepted as herein authorized, the collecting officer shall state on the face of the official receipt he issues therefore, in addition to the nature of the collection, the check number, its date, and the bank on which it is drawn. The number of the official receipt issued and its date shall be legibly written on the back of the check for cross-reference purposes. This Revenue Memorandum Circular shall take effect immediately and strict adherence thereto is hereby enjoined. (SGD.) MISAEL P. VERA Commissioner of Internal Revenue APPROVED: (SGD.) EDUARDO Z. ROMUALDEZ Secretary of Finance