AABs open on April 1 and 8 to accept tax payments
(Revenue Memorandum Circular No. 12-2017, February 7, 2017)
This Tax Alert is issued to inform taxpayers on the additional banking days and extended office hours of AABs to accept tax payments.
Item 2.1.2 of the memorandum agreement executed by the Bureau of Internal Revenue (BIR) and the Bureau of Treasury (BTR) requires Authorized Agent Banks (AABs) to carry on bank operations for two Saturdays immediately prior to April 15 of every year.
AABs will observe regular banking days on April 1 and April 8, 2017 for purposes of accepting tax payments.
Since April 15, 2017 falls on a Black Saturday, the extension of banking hours from 3:00 PM to 5:00 PM from April 1 to the usual April 15 is stretched to last until April 17, 2017 (Monday).