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CM 101 - PAYMENT THROUGH AAB

The Bureau of Internal Revenue is vested with the primary responsibility of enforcing the collection of taxes through the banking system, in relation to the provisions of the National Internal Revenue Code (NIRC) of 1997, as amended, designating the banks as duly constituted agents of the Commissioner to receive internal revenue tax payments[1]. Several related Revenue Regulations (RRs) were issued and Memoranda of Agreement (MOAs) were executed between the BIR, the BTr and the concerned banks for the effective collection and remittance of internal revenue taxes paid through banks.

[1] Executive Order No. 937 issued on March 1, 1984; Section 12 of the NIRC of 1997, as amended.