AABs open on March 19 and April 02 to accept tax payments

AABs open on March 19 and April 02 to accept tax payments

(Revenue Memorandum Circular No. 26- 2016, March 3, 2016)

Authorized Agent Banks (AABs) will observe regular banking days on March 19 and April 02 for purposes of accepting tax payments. This is in lieu of March 26 and April 9 which are non-working holidays (Black Saturday and Araw ng Kagitingan). Extension of banking hours from 3:00 PM to 5:00 PM from April 1 – 15 still stands.

Item 2.1.2 of the memorandum agreement executed by the Bureau on Internal Revenue (BIR) and Bureau of Treasury (BTR) mandates that Authorized Agent Banks (AABs) to carry bank operations two (2) Saturdays immediately prior to April 15 of every year.

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Posted in Tax Alerts.