Summary
RMC No. 105-2016 amends certain provisions of RMC No. 76-2007 on the mandatory requirements for one-time transactions involving transfer of real property.
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Key points
- Requirement removed. A certified true copy of the original Certificate Authorizing Registration (CAR) from the Register of Deeds is no longer required for processing one-time real property transfers and issuing the electronic CAR (eCAR). The same applies to a Registry of Deeds certification stating the CAR serial number, issue date, issuing RDO number, signing Revenue District Officer, type of taxes paid and amount paid per tax type.
- Exception. The document must still be submitted for OCT/TCT/CCT issued starting 2007 if the Register of Deeds did not annotate the CAR information.
Who is affected
- Parties to one-time transfers of real property
Deadlines and effectivity
- OCT/TCT/CCT issued starting 2007: document still required if CAR information is not annotated
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.