Tax Digest
Volume 10,
Series 60
AAB’s not TP’s Are Liable For Unremitted Tax Collections

The imposition of sanctions when there is late payment of tax payable but been paid on time to Authorized Agent Banks (AABs) on the previously issued Revenue Regulation (RR) No. 3-2016 lies solely to the taxpayers. However, being unfair to the taxpayers, the BIR amended the said proviso in the previous regulation, stating that payment is deemed made when the date and time appearing in the system-generated payment confirmation receipt issued to the taxpayer by the AAB. Finally, if there was a case of late payment or non-remittance but was actually timely paid and it is reflected in the confirmation receipt, the AAB will be responsible for tax liability being the trustee of the government in remitting the tax payments on time.

Revenue Regulations No. 2-2017
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