January 24, 2017
BANK BULLETIN NO. 01-17
| TO | : | All Authorized Agent Banks |
| SUBJECT | : | Acceptance of Tax Returns/Payments of Internal Revenue Taxes by Authorized Agent Banks (AABs) on April 1, 2017 and April 8, 2017 and Extension of Banking Hours from 3:00 P.M. to 5:00 P.M. for the Period April 1 to April 17, 2017 |
In line with the forthcoming tax deadline and pursuant to the Memorandum of Agreement executed by the Authorized Agent Banks (AABs), the Bureau of Internal Revenue (BIR) and the Bureau of the Treasury (BTr), more particularly item 2.1.2 of the bank obligations which states that:
"The AAB shall:
1. xxx
2. xxx
2.1.1 xxx
2.1.2 To open bank operations two (2) Saturdays immediately prior to April 15 of every year and extend banking hours from 3:00 p.m. to 5:00 p.m. from April 1 to income tax payment deadline;"
all AABs are hereby reminded to open bank operations on April 1, 2017 and April 8, 2017. Furthermore, and considering that April 15, 2017 falls on a Black Saturday, all AABs are also advised to extend the banking hours...
