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RMO No. 27-99: Updates the guidelines and procedures on the disposal of unserviceable property

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Summary

RMO No. 27-99 updates the guidelines and procedures on disposing of unserviceable property.

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Key points

  1. National Office Disposal Committee. The Head Revenue Executive Assistant of the Financial and Administrative Service is Chairman. The Chiefs of the General Services Division (GSD) and the Automotive and Equipment Maintenance Section of the GSD are members.
  2. Regional Office Disposal Committee. The Assistant Regional Director is Chairman. The Chiefs of the Administrative Division (AD) and the Property and Supplies Section of the AD are members.
  3. Inspection and appraisal. Members inspect the property for a first hand view of its physical and operational condition and marketability. The Committee computes the appraised value to set the minimum selling price, guided by pertinent rules promulgated by fiscal authorities.

Who is affected

  • National Office and Regional Office Disposal Committees

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (2)

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Cited byRMO No. 02-2004RMO No. 36-2002

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.