Summary
RMO No. 38-2016 revokes RMO Nos. 24-2016 and 25-2016, which prescribed the investigation of parties in transactions involving the transfer, assignment or sale of properties.
Key points
- Revocation. RMO Nos. 24-2016 and 25-2016 on investigating parties to property transfer, assignment or sale transactions are revoked.
- Rules that apply. Transactions affected by the Order are governed by the rules that existed before the revoked RMOs were issued.
Who is affected
- Parties to transfer, assignment or sale of property transactions
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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