(Bank Bulletin No. 2024-01, dated February 20, 2024)
This Tax Alert is issued to inform all concerned taxpayers that in accordance with Memorandum of Agreement executed by the Authorized Agent Banks (AABs), Bureau of Internal Revenue (BIR), and the Bureau of the Treasury. AABs are open on two (2) consecutive Saturdays prior to April 15, i.e. April 6 and 13, and extend its banking hours from 3:00 p.m. to 5:00 p.m. for the period of April 1 to April 15, 2024 to accept tax returns/payments of internal revenue taxes.
All income tax payments accepted on April 6, 2024, and April 13, 2024, shall be reported in the Batch Control Sheet (BCS) as collection for the following working day, April 8, 2024, and April 15, 2024, respectively.
The machine validation of the Annual Income Tax Return (AITR) in the deposit slip for the tax collection and the submission of the BCS, together with the supporting income tax returns and attachments, shall be in accordance with existing procedures.