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The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 109-2024, clarifying the types of checks accepted in payment for One-Time Transaction (ONETT)—related internal revenue taxes, pursuant to Revenue Memorandum Order (RMO) No. 49-2018, as amended.

The Bureau clarifies that for ONETT–related taxes, taxpayers may make payments over the counter using either cash or check at any Authorized Agents Banks (AABs) or Revenue Collection Officers (RCOs). However, RCOs can only accept cash payments up to twenty thousand pesos (P20,000.00). For payments by check, both AABs and RCOs are directed to accept only Manager's or Cashier's Check regardless of the amount to standardize the requirements and expedite the verification processes.

In contrast, Section II of Revenue Memorandum Circular (RMC) No. 4-2021 emphasizes the guidelines for payments of taxes through (RCOs) by citing Revenue Memorandum Order No. 8-2009 which states that:

“The issuance of revenue official receipts shall be limited to tax payments, in cash not exceeding the amount of twenty thousand pesos (Php 20,000.00) per return. However, there shall be no limit on the amount if payment is made through checks. 

The following checks should be accepted in payment for internal revenue taxes: (1) Manager's or Cashier's Checks; (2) Checks drawn against a joint or multiple account for the purpose of tax payment of the personal tax liability of any of the members thereof provided that the name and TIN of the paying member/s shall be indicated on the back/face of the check; (3) Checks drawn against the personal account of the owner of a single proprietorship in payment of the tax liability of his/her business; (4) Checks drawn against the account of a single proprietorship in payment of the tax liability of the owner provided that the name and TIN of the owner are indicated at the face/back of the check; and (5) Checks issued by either of the spouses to pay their income tax liabilities."

Please be guided accordingly.

 

Source:

P&A Grant Thornton 

Certified Public Accountants 

P&A Grant Thornton is the Philippine member firm of Grant Thornton International Ltd.

 

As published in SunStar Cebu, dated 17 October 2024