Processing and Issuance of TCC or Disbursement Voucher

August 9, 2004 REVENUE MEMORANDUM CIRCULAR NO. 50-04 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 Supreme Court, Court of Appeals and 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 Disbursement Vouchers for tax refund issued for the month of July, 2004, in compliance with the Writ of Execution issued by the Supreme Court, Court of Appeals and Court of Tax Appeals in favor of taxpayers, 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 those 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 issued by the Courts in favor of taxpayers. All internal revenue officials and employees are enjoined to give this Circular as wide a publicity as possible. HaAIES (SGD.) MILAGROS V. REGALADO Assistant Commissioner Legal Service ANNEX A TAX CREDIT CERTIFICATE AND DISBURSEMENT VOUCHERS FOR TAX REFUNDS ISSUED PURSUANT TO RMC 10-2001 FOR THE MONTH OF JULY, 2004 Case No. & Date of Writ TCC Voucher Year Amount Covered Name & Address of Taxpayer of Execution No. Kind of Tax Involved (P) 1 BICOLANDIA DRUG 5768 024238 Overpaid income 1996 303,623.66 CORPORATION (CA-G.R. SP No. 63446 tax No. 28 Shaw Boulevard September 2, 2003 Kapitolyo, Pasig City 2 HAVI FOOD SERVICES . 6306 024236 Excess unutilized Taxabler 18,485,577.62 PHILIPPINES, INC February 23, 2004 creditable 1999 Sumulong Highway, withholding tax Marikina City 3 MIRANT PAGBILAO 6183 024237 Unutilized input VAT Third & 43,949,131.51 CORPORATION June 7, 2004 paid on domestic Fourth (formerly SOUTHERN purchases and quarters ENERGY QUEZON INC importation of 1998 Grande Island, Pagbilao goods and services Quezon attributable to zero-rated sales 4 ITALIAN THAI DEV'T 6172 024226 Excess input taxes Sept. 8,435,507.95 PUBLIC CO. LIMITED April 4, 2003 arising from 1998 1408 Tektite Tower I, its purchase Exchange Road of capital goods San Antonio, Pasig City 5 TOSHIBA INFORMATION 5672 024227 Input VAT on Period July 1 8,452,493.43 EQUIPMENT (PHILS.), INC. (CA-G.R. SP No. capital goods to Dec. 103 East Main Ave., 59872) 31, 1996 Ext., SEPZ March 18, 2004 Laguna Technopark, Bian, Laguna