REVENUE MEMORANDUM CIRCULAR NO. 30-2014 issued on April 29, 2014 reiterates certain policies and procedures on the strict monitoring on the redemption of dishonored checks received and prompt and regular submission of the reports on dishonored checks received/redeemed to the concerned offices embodied in Section II and Section III, respectively, of Revenue Memorandum Order No. 25-2001.

           Dishonored check cases shall not be the subject of any compromise settlement. Checks which were dishonored due to “Account Closed” shall be forwarded to the Legal Division of the Regional Office or to the Legal Service of the National Office (for large taxpayer and excise taxpayer) for filing of a court case against the taxpayer for violation of Batas Pambansa Blg. 22 (Anti-Bouncing Check Law). The corresponding tax return, payment form or docket should be forwarded to the collection group for collection enforcement.

            The Chief, Collection Section of the Revenue District Office shall be responsible for safekeeping the original dishonored check submitted by the Authorized Agent Bank branch as well as the sending of collection letter and the execution of the appropriate summary remedies.