RMO No. 26-2022 Digest copy

RMO No. 26-2022 (April 29, 2022) prescribes the policies, guidelines and procedures for applying to revalidate Tax Credit Certificates (TCCs). Applications, together with the original TCC and complete supporting documents (letter request, Secretary's Certificate/Board Resolution, authorization letter, and valid IDs), must be filed with the Miscellaneous Operations Monitoring Division (MOMD) under the Collection Service at the National Office anytime before the original TCC's validity period expires; incomplete applications will not be accepted. No revalidated TCC may be issued unless the concerned offices certify that the holder has no outstanding tax liability (an assessment final and executory under Section 5(d) of RR No. 5-2000), and revalidation is accomplished by issuing a new TCC reflecting the unutilized amount, valid for five years. Applications are recommended by the ACIR-CS and approved or disapproved by the DCIR-OG. TCCs unutilized five years after issue become invalid and their unutilized amounts revert to the general fund unless a revalidation application was filed before the end of the fifth year.