Summary
RMC No. 20-2010 circularizes the revocation of BIR Ruling No. DA-245-2005 dated June 7, 2005, which concerned joint venture transactions between Meridien East Realty and Development Corporation and Century Properties, Inc.
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Key points
- Ruling revoked. BIR Ruling No. DA-245-2005 dated June 7, 2005 is revoked. It related to the joint venture transactions of Meridien East Realty and Development Corporation and Century Properties, Inc.
Who is affected
- Meridien East Realty and Development Corporation
- Century Properties, Inc.
Deadlines and effectivity
- Revoked ruling dated June 7, 2005
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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