Issuance of Notice to the Bureau of Internal Revenue
The OCA Circular No. 05-07, issued on January 24, 2007, mandates that all judges and clerks of court in Regional Trial Courts must notify the Bureau of Internal Revenue (BIR) upon the filing of petitions related to rehabilitation, insolvency, corporate dissolutions, and judicial settlements of deceased estates. This requirement aims to protect the government's interests in liquidations, ensuring that the BIR, which has the first preference in these cases, is informed in a timely manner. Strict compliance with this directive is emphasized to prevent prejudice against the government's claims.
Law Information
- Reference Number
- OCA Circular No. 05-07
- Date Enacted
- Category
- Supreme Court Issuances
- Subcategory
- Office of the Court Administrator Circulars
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 24, 2007
OCA CIRCULAR NO. 05-07
| TO | : | All Judges and Clerks of Court of the Regional Trial Courts |
| SUBJECT | : | Issuance of Notice to the Bureau of Internal Revenue |
It has come to the attention of the Court that in all cases of rehabilitation, insolvency, corporate dissolutions by judicial means and judicial settlements of estates of deceased persons, the Bureau of Internal Revenue is not notified of filing such petitions, thereby the interest of the government who has the first preference in the liquidations thereon are prejudiced.
Henceforth, you are hereby directed to notify the Commissioner of the Bureau of Internal Revenue whenever a petition for the abovementioned cases is filed in your respective courts.
Strict compliance herewith is hereby enjoined.
January 24, 2007
(SGD.) CHRISTOPHER O. LOCKCourt Administrator
Cite This Law
Issuance of Notice to the Bureau of Internal Revenue, OCA Circular No. 05-07, Jan 24, 2007 (Philippines)
Issuance of Notice to the Bureau of Internal Revenue, OCA Circular No. 05-07 (Phil. 2007)
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