This Tax Alert is issued to inform all concerned on the new rules regarding payment of taxes through credit/debit/prepaid card.
In case taxes are paid through credit/debit/prepaid cards, the payment of taxes shall be deemed made on the date and time appearing in the system-generated payment confirmation receipt issued to the taxpayer by the AAB-Acquirer, regardless of when the payments are remitted to the BIR.
Section 4 of Revenue Regulations 3-2016 is amended to the effect that the AAB-acquirer shall be liable to the penalties in case of late remittance or non-remittance of the payments to BIR.
Prior to this amendment, the taxpayer who paid on time may still be liable to penalties if the AAB-acquirer fails to remit the payments to the BIR on time.
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