Amendments to Pertinent Portions of RMO No. 28-89 Affecting Tax Refund Notices for Encashment in Metro Manila Area

June 11, 1993 REVENUE MEMORANDUM ORDER NO. 02-93 SUBJECT : Amendments to Pertinent Portions of RMO No. 28-89 Affecting Tax Refund Notices for Encashment in Metro Manila Area TO : The Assistant Commissioner (Financial Service), Chiefs, Disbursement Accounting Division and Tax Refund/Credit Division, RISSI and Others Concerned In line with the changes covered in the Memorandum of Agreement executed and approved on October 2, 1992, between the Land Bank of the Philippines (LBP) and the Bureau of Internal Revenue (BIR), pertinent portions of RMO No. 28-89 affecting Tax Refund Notices (TRNs) for encashment in Metro Manila area are hereby amended to conform with the computed-based Tax Refund Monitoring System at LBP, Quezon City Branch. This will further simplify and improve the present processing, payment, as well as reporting capabilities of all parties concerned. Hereunder are the revised guidelines applicable only to Metro Manila area: 1. The same refund documents enumerated in RMO No. 28-89 shall be generated by the Revenue Information Systems Services, Inc. (RISSI). However, to avoid confusion, the Tax Refund Payroll shall be renamed Tax Refund List (TRL) which shall reflect the TURN serial no., name of refundees, birthdate, amount and remarks. The TRL which shall contain a maximum of 2,000 refundees shall be prepared in three (3) copies to be distributed as follows: casia Original - Auditor Duplicate - LBP Triplicate - Disbursement Accounting Division (DAD) 2. The refundees shall no longer be required to sign the TRL when claiming the refund, however, they shall continue to sign the TRNs in acknowledgment of the receipt of the refund and surrender the same to LBP for transmittal to BIR. 3. RISSI shall prepare two (2) diskettes containing the tax refund information to be distributed to LBP, Q.C. Branch and to DAD, properly labelled in accordance with the sample diskette label as shown below: DISK # 1 BATCH NO. AAA0001 DATE OF ISSUE 01-02-92 RANGE OF TRN SNs F0030610 - F0032610. The label attached to the diskette shall indicate the batch number with the corresponding date of issue and the range of TRN serial numbers. 4. RISSI shall simultaneously transmit the two diskettes to DAD and the tax refund documents to the Tax Credit/Refund Division (TC/RD). aisa dc 5. DAD shall furnish LBP a copy of the diskette in addition to the usual documents referred to in page 8, H. No. 10 of RMO No. 28-89. 6. With the exception of the changes in the procedures stated in numbers 1 to 5 above, all other processes provided in RMO No. 28-89 shall remain in force. This Order shall take effect immediately. (SGD.) JOSE U. ONG Commissioner of Internal Revenue