REVENUE MEMORANDUM CIRCULAR NO. 17-2012 issued on April 16, 2012 clarifies the reckoning dates when collection transactions shall be recognized and recorded as collections by all concerned BIR offices in order to avoid distortion of collection data included in the monthly reports of tax collection.
        In the preparation of the Regional District Offices’ respective collection reports, the policies and guidelines on the period when the tax collections shall be rightfully claimed as collection performance shall be strictly observed per mode of payment specified in the Circular.