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RMC No. 10-2023: Encourages the use of the Electronic One-Time Transaction (eONETT) System by sellers habitually engaged in the sale of real properties

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Summary

RMC No. 10-2023 encourages sellers habitually engaged in the sale of real properties to use the Electronic One-Time Transaction (eONETT) System.

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Key points

  1. Use of eONETT. Sellers such as real estate developers with voluminous ONETT transactions are urged to use eONETT to secure the ONETT Computation Sheet and Electronic Certificate Authorizing Registration for sales or transfers of real properties.
  2. Electronic payment. These sellers are also encouraged to pay through the available BIR ePayment channels.

Who is affected

  • Sellers habitually engaged in the sale of real properties, such as real estate developers

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.