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                    [ArticleID] => 145352
                    [Title] => BIR eases sanctions on authorized agent banks
                    [Summary] => The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures.


In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could request for a waiver of penalties if they are found to be not complying with tax collection procedures.


The BIR is the only agency currently authorized to waive penalties, surcharges and interests on delayed collections.


                    [DatePublished] => 2001-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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BANK ACCREDITATION COMMITTEE

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                    [ArticleID] => 145352
                    [Title] => BIR eases sanctions on authorized agent banks
                    [Summary] => The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures.


In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could request for a waiver of penalties if they are found to be not complying with tax collection procedures.


The BIR is the only agency currently authorized to waive penalties, surcharges and interests on delayed collections.


                    [DatePublished] => 2001-12-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
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                    [SectionUrl] => business
                    [URL] => 
                )

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BIR eases sanctions on authorized agent banks

By Rocel Felix | December 30, 2001 - 12:00am

The Bureau of Internal Revenue (BIR) has eased sanctions on accredited agent banks (AABs) violating tax collection procedures. In a recent order, Internal Revenue Commissioner Rene Bañez said that banks could...

Business