Crediting of Collection from Large Taxpayers and Certain Reporting Procedures Under BIR Form No. 12.09

June 28, 1995 REVENUE MEMORANDUM ORDER NO. 19-95 SUBJECT : Crediting of Collection from Large Taxpayers and Certain Reporting Procedures Under BIR Form No. 12.09 TO : All Revenue Regional Directors, Revenue District Officers and Others Concerned I. OBJECTIVE This Order is issued to define the system of crediting collections from Large Taxpayers to Revenue District Offices and reiterate certain reporting procedures under BIR Form No. 12.09. II. PROCEDURES: A. Crediting of collections from Large Taxpayers for 1995 . 1. Excise Taxes Starting January 1, 1995, excise tax collections shall be credited to the Revenue District Office having jurisdiction over the head-office of the Large Taxpayer, regardless of where the tax was paid. 2. All Other Taxes. For collections from all other types of taxes for the months of January and February, 1995, collections shall be credited to the respective Revenue District Offices having jurisdiction over the branches of the Large Taxpayer, provided that separate returns have been prepared by said branches. For Large Taxpayers having a centralized accounting system, thus preparing only one (1) return for the head office and all branches collections shall be credited to the RDO where the head office is located. Starting March 1995, collections shall be credited to the Revenue District Office where the tax was actually paid, except in cases where the taxpayer adopts the direct debit system of payment or where the taxpayers files return/pays taxes at a bank branch or head office located outside the taxpayer's revenue district because its chosen bank does not have an accredited branch in the district (e.g., Citibank, Standard Chartered Bank). In which case, collections shall be credited to the RDO having jurisdiction over the Large Taxpayer's head office. B. Reallocation of Regional Collection Goals for 1995 . The Statistics Division shall make the necessary adjustments in the Regional Collection Goals set under Revenue Memorandum Order (RMO) No. 10-95 considering the above modification in the crediting of collections from Large Taxpayers. C. Reporting of Collections in BIR Form No. 12.09 Pursuant to Revenue Memorandum Order No. 9-95, the Revenue District Office shall prepare separate reports (BIR Form No. 12.09) for collections coming from Accredited Agent Banks (AABs) and for collections coming from Collection Officers (Collection Agents). Collections from Large Taxpayers shall be indicated in the Tax Debit Memo (TDM) column of said Form No. 12.09 while the amount of collections covered by TDMs shall be reported in a footnote to be indicated on the lower portion of said Form. D. Reconciliation of Collections from Large Taxpayers for 1995 . The Large Taxpayers Division in coordination with Revenue District Offices shall prepare monthly reconciliation reports on collections from Large Taxpayers to ensure consistency of collections reported by RDOs in BIR Form No. 12.09 and collection reports of the LTD. Reports of collection, as reconciled, shall be furnished the RDOs and the Revenue Accounting Division, who shall make necessary adjustments in the reports of collections of RDOs. III. REPEALING CLAUSE: This order supersedes issuances or portions thereof, inconsistent herewith. IV. EFFECTIVITY: This Order takes effect immediately. RENE G. IBAEZ Acting Commissioner