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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 937 - VESTING
IN THE BUREAU OF INTERNAL REVENUE THE PRIMARY RESPONSIBILITY OF
ENFORCING THE COLLECTION OF NATIONAL INTERNAL REVENUE TAXES THROUGH THE
BANKING SYSTEM
WHEREAS, there is an imperative need for a
more effective system of collecting national internal revenue taxes as
a means of increasing tax collections and protecting revenues;
and
WHEREAS, this objective may be better achieved by designating the
proper office that shall be responsible for the collection of taxes
through the facilities of the banking system;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of Philippines, by
virtue of the powers vested in me by law, do hereby direct the Bureau
of Internal Revenue to adopt such rules and regulations as are
necessary to utilize the banking system in receiving and accounting for
internal revenue tax payments, which shall include the following:
1)
2)
a)
b)
c)
3)
Unless otherwise revised or
modified, the procedure in the collection, payment, and remittance of
national internal revenue taxes shall be as follows:
1)
2)
3)
4)
5)
6)
Whenever warranted, the Bureau of Internal Revenue shall initiate the prosecution of any bank or its offices or employees found to have incurred civil and criminal liabilities in connection with tax collection activities.
The Bureau of Internal Revenue and the Ministry of Finance shall promulgate, such rules and regulations as are needed to implement and effectively carry out the provisions of this Executive Order.
Executive Order No. 206, Series of 1970, is hereby revoked.
Done in the City of Manila, this 1st day of March, in the year of Our Lord, nineteen hundred and eighty four.
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