Clarifying the Issue on Tax Remittance Advice Collection Month to be Reported in the 12.09 Report

August 26, 2005 REVENUE MEMORANDUM CIRCULAR NO. 42-05 SUBJECT : Clarifying the Issue on Tax Remittance Advice Collection Month to be Reported in the 12.09 Report TO : All Internal Revenue Officials, Employees and Others Concerned This is to reiterate the implementation of RMO No. 27-2001 relative to the reporting of Tax Remittance Advice (TRA) collection which provides, that the date stamped received by the Bureau of the Treasury (BTr) as the reckoning date for reporting collections in 12.09 report and not the date of the TRA document. However, exception is made for TRAs dated December where TRAs stamped received by the BTr from January 2 to 31 is treated as December collection (please refer to examples I and II). AaSIET Example I Example II (General Rule) (Exception) Amount of TRA P 100,000.00 Amount of TRA P 100,000.00 Date of TRA January 3, 2005 Date of TRA December 20, 2004 Date stamped Date stamped received by BTr January 5, 2005 received by BTr January 5, 2005 The amount of P100,000.00 should be The amount of P100,000.00 should be reported as January 2005 collection. reported as December 2004 collection. All concerned are hereby enjoined to be guided accordingly. (SGD.) JOSE MARIO C. BUAG OIC-Commissioner of Internal Revenue