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BIR Guidelines on Credit/Debit/Prepaid Card Payment of Internal Revenue Taxes 

by Carina Laforteza, Renz Jeffrey Ruiz

Published: July, 2017

Submission: July, 2017


Former Secretary of Finance Cesar Purisima issued Revenue Regulation ("RR") No. 3-2016 prescribing the policies and guidelines on the adoption of credit, debit, and prepaid cards as an additional mode of payment for internal revenue taxes. Credit, debit, and prepaid cards were made available as an additional mode of payment in order to ease the burden to taxpayers in the payment of their taxes.

However, payment through this mode is limited to Philippine-issued cards by authorized agent banks under the name of the taxpayer. Prior to this RR, internal revenue taxes may be paid through

(1) The electronic payment system,

(2) Over-the-counter cash payments,

(3) Bank debit system, or

(4) Check payment.

Read the rest of the bulletin below.

The article was authored by SyCipLaw partner Carina C. Laforteza and associate Renz Jeffrey A. Ruiz.

Carina C. Laforteza is a lawyer and a certified public accountant with extensive tax and corporate practice. Her tax work ranges from tax structuring (including how investments are to be made into the Philippines and estate tax planning) to tax compliance (including assisting clients in audits by the Philippine Bureau of Internal Revenue) to tax litigation (including petitions questioning the legality of revenue issuances) and tax-related arbitration.

Renz Jeffrey A. Ruiz is a newly inducted member of the Philippine Bar. He is currently rotating through the firm’s various practice groups. He passed the CPA Licensure Examination in 2010. Prior to joining the SyCipLaw, he was a tax associate at a leading Philippine accounting firm and an accounting supervisor at the Philippine subsidiary of a publicly listed Japanese corporation.

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