RMO No. 15-2020: Prescribes the updated procedures in the acceptance of property donations to the BIR pursuant to RDAO No. 4-2010, as amended by RDAO NO. 4-2019

Summary

RMO No. 15-2020 sets the updated procedures for accepting property donations to the BIR under RDAO No. 4-2010, as amended by RDAO No. 4-2019.

Key points

1. Start of the process. After the BIR receives the donor’s communication, the intended beneficiary acts through the Assistant Commissioner concerned (National Office) or the Regional Director concerned (Regional Office). They follow the acceptance procedures in the Order.
2. Real property. For real property such as a lot and building, the Commissioner of Internal Revenue signs the Deed of Donation.
3. Other assets above ₱12M. The Commissioner of Internal Revenue signs the Deed of Donation.
4. Other assets of ₱12M and below. The Deputy Commissioner, Information Systems Group signs for Information Technology (IT) assets. The Deputy Commissioner, Resource Management Group signs for non-IT assets.

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