On 15 February 2017, the Philippine Department of Finance announced that a new revenue regulation will be issued with the Bureau of Internal Revenue that will make banks liable for delays in, or non-remittance of, taxes paid through credit, debit or prepaid cards. The new regulation will amend regulation No. 3-2016, which made taxpayer's responsible when paying through such methods even if late payment was due to the bank's failure to remit the payment on time. According to the announcement,…