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Revenue Regulation (RR) No. 2 – 2017 amended Section 4 of RR No. 3 – 2016 mainly on the payment through debit/credit/prepaid card. Regulation are summarized as follows:

(1) Payment deemed made
Basis shall be the date and time in the system generated payment confirmation receipt issued by AAB-Acquirer.

(2) Liability of the Authorized Agen tBank-Acquirer (AAB-Acquirer)
Liability to pay tax rests upon the AAB-Acquirer arising from the time of issuance of valid confirmation receipt to the taxpayer-cardholder.

Click here to view RR 2 -2017 for your reference.