Summary
RMC No. 48-2018 classifies One-Time Transactions (ONETT) and sets the processing time for issuing the Electronic Certificate Authorizing Registration (eCAR).
Key points
- Individual or corporation, one deed. For one (1) Deed of Sale/Exchange/Donation, processing takes 3 days for one (1) to three (3) properties, 5 days for four (4) to ten (10) properties, 10 days for eleven (11) to fifty (50) properties and 20 days for more than fifty (50) properties.
- Real estate developer, one deed. For one (1) Deed of Sale/Exchange involving multiple properties, processing takes 5 days for one (1) to ten (10) properties, 10 days for eleven (11) to fifty (50) properties and 20 days for more than fifty (50) properties.
- How time is counted. The processing time is in working days from submission of complete documentary requirements.
Who is affected
- Individual taxpayers and corporations with one deed
- Real estate developers with one deed covering multiple properties
Deadlines and effectivity
- Processing time in working days from complete submission: 3, 5, 10 or 20 days depending on the number of properties
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.