(NAR) VOL. 9 NO. 3 / JULY - SEPTEMBER 1998
"SEC. 2. Modes of Payment — To ensure that tax payments are made only to authorized collection agents of the BIR, properly credited to the accounts of the taxpayer concerned, and duly remitted to the government, any person liable to any internal revenue tax shall pay the same only through any of the following modes: (a) over-the-counter cash transaction; or (b) bank debit system; or (c) a credit facility with a bank, a credit company or similar institution; or (d) personal or company check or cashier's or manager's check.SECTION 3. Repealing Clause — All rules and regulations or parts thereof inconsistent with the provisions of these Regulations are hereby amended accordingly.
In connection with the bank debit system or credit facility with a bank, a credit company or similar institution, the taxpayer shall open/maintain a bank account with any Authorized Agent Bank (AAB) of the BIR where he/it intends to file his/its tax return/form/declaration and pay his/its tax liabilities, subject to such rules prescribed by the accredited banks."