Amending Revenue Regulations (RR) No. 3-2016 Particularly Section 4 (a) and (b) Thereof

January 13, 2017 REVENUE REGULATIONS NO. 02-17 SUBJECT : Amending Revenue Regulations (RR) No. 3-2016 Particularly Section 4 (a) and (b) Thereof TO : All Internal Revenue Officers and Others Concerned SECTION 1. Scope. Pursuant to Sections 12 and 244 of the National Internal Revenue Code n of 1997, as amended, these Regulations are hereby promulgated for the purpose of amending Section 4 of RR No. 3-2016, particularly on when the payment of taxes through credit/debit/prepaid card is deemed made and the liability of the Authorized Agent Bank-Acquirer (AAB-Acquirer) in case of non-payment. SECTION 2. Amendment. Section 4 of RR No. 3-2016 is hereby amended to read as follows: "SECTION 4. When Payment is Deemed Made. The payment of taxes through credit/debit/prepaid card shall be deemed made on the date and time appearing in the system-generated payment confirmation receipt issued to the taxpayer-cardholder by the AAB-Acquirer. However, in case of late remittance or non-remittance of taxes to the BIR, despite the timely issuance of a valid confirmation receipt by the AAB-Acquirer to the taxpayer-cardholder, the liability to pay the tax rests upon the AAB-Acquirer considering that from the time of issuance of a valid confirmation receipt to the taxpayer-cardholder, the AAB-Acquirer becomes the trustee of the government with the obligation to remit the payment on time to the BIR." SECTION 3. Repealing/Amendatory Clause. All issuances or portions thereof not consistent herewith are hereby repealed, modified or amended accordingly. This Revenue Regulation shall take effect immediately. (SGD.) CARLOS G. DOMINGUEZ Secretary of Finance Recommending Approval: (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue n Note from the Publisher: Written as "National Internal Code" in the original document. Published in Manila Bulletin on February 9, 2017.