V

V

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE MANILA

Department Order No. 39-89 27 September 1989 TO

THE TREASURER OF THE PHILIPPINES THE COMMISSIONER OF INTERNAL REVENUE THE COMMISSIONER OF CUSTOMS

SUBJECT:

AN INTER-AGENCY COMMITTEE TO OF CREATION AN EFFICIENT MONITORING SYSTEM ON ESTABLISH REVENUE AND CUSTOMS THE REMITTANCE OF COLLECTIONS BY AUTHORIZED DEPOSITORY BANKS

For a more effective resource management, there is a felt need to establish a systematic monitoring of BIR BOC collections in authorized depository banks and and determine whether the remittance of these collections to Bank is within the holding period as Central the provided under existing rules and regulations. For this purpose, an Inter-Agency Committee is hereby created to the Treasurer of the Philippines as of be composed representatives from the Bureaus of Chairperson, and Revenue and Customs as members, to review the Internal and recommend system, formulate present remittance improvements in the existing set up that or measures would efficiently monitor full compliance by depository governing the rules and regulations banks of such in their custody, and to remittance of collections prescribe appropriate penalties for violation thereof.

The Committee is authorized to call on any official or employee of the Department or of any of the agencies under it to assist in the work to be done. The members of the Committee may likewise designate in their offices to participate in senior officials meetings should they be unable to attend such meetings. In view of the urgency of this activity, the shall submit its recommendations as soon as Committee possible and keep the undersigned posted on developments from time to time. This Order shall take effect immediately and all orders previously issued which may be inconsistent herewith are hereby modified or revoked accordingly.

VICTOR C. MACALINCAG . Acting Secretary

DEPARTMENT ORDER NO. 39 .pdf

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