Summary
RMC No. 25-2011 circularizes the revocation of BIR Ruling DA (DT-065) 715-2009 on the Certificate Authorizing Registration application of Metro Manila Pacific Corporation for its sale of Bonifacio Land Corp. shares.
CollapseExpand
Key points
- Ruling declared void. The taxpayer’s claim for exemption from donor’s tax has no legal basis, so BIR Ruling DA (DT-065) 715-2009 is declared null and void ab initio for contravening a direct provision of the NIRC of 1997.
- Other rulings revoked. All rulings issued upon the effectivity of Revenue Regulations No. 6-2008 that are contrary to or inconsistent with that regulation are revoked.
Who is affected
- Metro Manila Pacific Corporation
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.