Tax Resources PH icon

TAX RESOURCES PH

Tax resources for Filipinos

RMC No. 50-2012: Prescribes the issuance of Certificate of Tax Clearance to public transport operators as a pre-requisite for acceptance by the LTFRB of an application for approval of sale and transfer of a Certificate of Public Convenience

Files
Download this file

Summary

RMC No. 50-2012 prescribes issuing a Certificate of Tax Clearance (CTC) to public transport operators as a prerequisite for the LTFRB to accept applications for approval of sale and transfer of a Certificate of Public Convenience (CPC).

CollapseExpand

Key points

  1. Requirements. Public transport operators submit the requirements specified in the Circular. They must also ensure that all fees, dues and taxes are fully paid to the Land Transportation Office, the LTFRB and the Revenue District Office (RDO) where they are registered.
  2. CTC numbering. The CTC is sequentially numbered with 13 digits: the first 2 for the month of issuance, the next 4 for the year, the next 3 for the RDO Number and the last 4 for the sequence number. The sequence starts at 0001 at the beginning of each calendar year, regardless of month.
  3. Records. The concerned District Office keeps a logbook of all filed applications and a file of duplicate copies of issued CTCs.

Who is affected

  • Public transport operators

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.