LTO Memorandum Circular No. AVT-2015-1903

: The purpose is to improve efficiency and effectiveness in the collection of fees and charges and to provide convenience and security to clients transacting business with the LTO.
: LTO clients have the option to pay their fees and charges in cash or by means of debit cards through the POS system.
: The client must sign a confirmation receipt generated by the POS terminal before the LTO cashier issues the official receipt.
: The LTO cashier must fully account for all monies collected, whether in cash or through the POS machine, at the end of each working day.
: The AGDB must remit the Total Daily Collections to the account of the Bureau of the Treasury with the Bangko Sentral ng Pilipinas.
: Remittance must be done not later than 10:00 AM on the next banking day from the collection date.
: The AGDB must submit a collection report to the Bureau of the Treasury not later than 2:00 PM on the next banking day from the collection date.
: The collection report shall be tallied with the Daily Report of Collections prepared by the LTO cashier.
: It takes effect fifteen (15) days after its publication.
: EO 55 directs the institution of the Treasury Single Account (TSA), which relates to the remittance and consolidation of government collections.
: Three (3) certified copies of this Memorandum Circular shall be furnished to the UP Law Center pursuant to Memorandum Circular No. 11 dated 09 October 1992.