DELINQUENT

DISTRAINT ON PERSONAL
PROPERTY

A) If the amount is in excess of P1,000,000

– Commissioner or his duly authorized rep

B) If the amount is 1,000,000 OR LESS -

-RDO
Shall seize and distraint

SEIZURE OF GOODS

Service of Distraint
Warrant to the owner of
Goods, Chattels, Effects
and Personal Property
For Stocks, Service to the
President, Manager, Treasure or
other Responsible officer of the
Corporation, Company or
Association
For Debts and Credits,
service to the person owing
or in possession of such
credits or his agents
For Bank Accounts, service
of warrant upon the
taxpayer and any
responsible officer of the
bank.

NOTIFICATION
To be exhibited in not less than 2 public places in the municipality of city where the distraint is made( one of which is at
the office of the Mayor). Time, place of sale and the articles distrained should be specified.

SALE
(should not be less than 20days after notice to the owner of possessor of the property

For Sale of Stocks, Officer

making the sale shall
execute a Bill of sale which
shall be delivered to the
buyer.

If proceeds are insufficient, proceed to Levy of Real

If there is any residue, it shall be returned to the Owner.
Property.