Clarification on Certain Portions or RMO No. 12-86 dated April 23, 1986

February 3, 1987 REVENUE MEMORANDUM ORDER NO. 02-87 SUBJECT : Clarification on Certain Portions of RMO No. 12-86 dated April 23, 1986 TO : All Internal Revenue Officers and Others Concerned This Order is issued to clear the matter on the proper treatment of all previously issued TCCs as intended under RMO No. 12-86 dated April 23, 1986. cdt Similar to TCCs of P100.00 and below, TCCs amounting to over P100.00 but not exceeding P200.00 issued pursuant to RMO No. 30-83 shall be paid from the Trust Fund created for the purpose. Moreover, all outstanding TCC may be encashed even beyond the one-year expiration period without the need for re-issuance provided that the five-year period, from date of issuance has not lapsed. After the five-year period, however, all uncashed TCCs shall be considered void and its corresponding amount shall be reverted to the general fund. acd This Order takes effect immediately, upon approval. (SGD.) BIENVENIDO A. TAN Commissioner