Tax Resources PH icon

TAX RESOURCES PH

Tax resources for Filipinos

RMC No. 09-2012: Circularizes the full text of COA’s reply on the query re: recording of forfeited real properties which were lumped and assigned a single valuation in the National Government Books of the BIR

Files
Download this file

Summary

RMC No. 9-2012 circularizes the full text of the Commission on Audit’s (COA) reply on recording forfeited real properties that were lumped and assigned a single valuation in the National Government Books of the BIR.

Key points

  1. COA reply. The tax liability is prorated based on the fair market values of the real properties in question.

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.