Acceptance of Payment from Taxpayer Registered into Digital Transactions

September 25, 2020BANK BULLETIN NO. 015-20TO : All BIR Authorized Agent Banks   SUBJECT : Acceptance of Payment from Taxpayer Registered into Digital Transactions Pursuant to Revenue Memorandum Circular No. 92-2020 dated September 1, 2020, amending RMC Nos. 60-2020 and 75-2020, the deadline of business Registration of those who are into Digital Transactions was further extended until September 30, 2020. Further, these taxpayers who have prior transactions are also encouraged to voluntarily declare the same and pay the corresponding taxes due thereon, with no penalty for late filing and payment, provided that the same is done on or before the extended due date. HTcADCIn this regard, all Authorized Agent Banks are hereby advised to accept payments from taxpayers registered into Digital Transactions without imposition of the corresponding penalty for late filing and late payment. Upon manual filing of returns and the payment of the corresponding taxes due thereon, said taxpayers are required to attach their Certificate of Registration.For your guidance and strict compliance.(SGD.) CAESAR R. DULAYCommissioner of Internal Revenue