RMC No. 03-2007: Publishes the full text of Memorandum Order No. 233 issued by President Gloria Macapagal-Arroyo directing the LRA, through the concerned Register of Deeds, to annotate in the Transfer Certificate of Title the serial number of the CAR issued by the BIR, and other pertinent details

Summary

RMC No. 03-2007 publishes the full text of Memorandum Order No. 233 dated December 11, 2006 of President Gloria Macapagal-Arroyo. It directs the LRA to have Registers of Deeds annotate details of the BIR’s CAR on the Transfer Certificate of Title.

Key points

1. Details to be annotated. The Register of Deeds annotates on the TCT the CAR serial number, the date of issuance, and the RDO Number of the district office that issued it. The name of the Revenue District Officer who signed the CAR and the taxes paid are also annotated.
2. Required before issuing a TCT. This annotation is an indispensable requirement before the Registers of Deeds issue a TCT.
3. Purpose. The added requirement allows verification and back-checking of tax payments. It ensures transfer taxes are paid before titles are issued for transfers of Original, Condominium and Transfer Certificates of Title of real properties sought to be registered.

Who is affected

• Land Registration Authority and Registers of Deeds

Deadlines and effectivity

• Memorandum Order No. 233 dated December 11, 2006
• Circular issued January 17, 2007

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