Watch the video at https://m.youtube.com/watch?v=8rePf-bz7u4
________________________________________________________________________
BIR relaxes property transfer requirements
By Prinz Magtulis
(philstar.com) | Updated November 2, 2016 - 6:41pm
A house in a Cagayan de
Oro subdivision. File photo
MANILA, Philippines -- Property transfers just got easier with the Bureau of Internal Revenue removing the need to present proof that taxes were paid for acquiring the land for the first time.
Under Revenue Memorandum
Circular 105-2016, submission of a copy of certificate authorizing registration
(CAR) "shall no longer be required" on one-time property transfers.
The order, signed by BIR
Commissioner Caesar Dulay, was dated Aug. 23, but was only released on
Wednesday.
The CAR is proof that
levies were paid for the property being transferred. Under the order, the CAR
being pertained to is the document from the current owner's original
acquisition of property before he or she transfers it again.
BIR officials could not
be reached for comment as of this post.
But Benedict Tugonon,
president of industry group Tax Management Association of the Philippines,
welcomed the move.
"This will surely
expedite the processing of tax clearances on real property transactions and
avoid unnecessary potential issues," Tugonon said in a text message.
He alleged that before,
requiring CAR has resulted into a "finding or fishing expedition" on
past transactions involving the property, which he said should be tackled "separately."
"Requiring the
submission of the previous CAR when the property was acquired was unreasonable
and at times, impossible to comply," Tugonon said.
The tax agency, which
accounts for around 80 percent of tax revenues, had been streamlining its
requirements and procedures since the Duterte administration took over last
June 30.
It has made
"improving taxpayer satisfaction" one of its mandates, and in the
process, extended validity period of tax certificates, lessened requirements to
register tax identification and get permission to issue receipts.
BIR also suspended for
two months all tax audits, while checking on their validity and penalizing
erring revenue officers, among others.
In another move, it
issued Revenue Memorandum Order 61-2016 that establishes a "standard
taxpayer feedback system."
"(This is)
consistent with the bureau's mandate to provide world-class frontline services
to the taxpayers," the order dated Oct. 28 stated.
Under the order, customer
survey forms should be conducted by all revenue district offices (RDOs) to
comply with Republic Act 9485 or the Anti-Red Tape Act of 2007.
Forms and drop boxes for
such purpose should be present at all RDOs, it said.
"An unannounced
visit shall be conducted which shall include retrieval of the (customer survey
forms) to ensure that the implementation of the feedback system is being
followed," the order said.
BIR has been banking on
better taxpayer service to raise its target revenue of P1.62 trillion this
year.
From January to August,
the agency already collected P1.058 trillion, up by a tenth year-on-year.
________________________________________________________________
Subscribe to:
Posts (Atom)
KNOWING YOUR BIR REGULATIONS AND ISSUANCESRevenue Regulations (RRs) are issuances signed by the Secretary of Finance, upon recommendation of the Commissioner of Internal Revenue, that specify, prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes
Revenue Memorandum Orders (RMOs) are issuances that provide directives or instructions; prescribe guidelines; and outline processes, operations, activities, workflows, methods and procedures necessary in the implementation of stated policies, goals, objectives, plans and programs of the Bureau in all areas of operations, except auditing.
Revenue Memorandum Rulings (RMRs) are rulings, opinions and interpretations of the Commissioner of Internal Revenue with respect to the provisions of the Tax Code and other tax laws, as applied to a specific set of facts, with or without established precedents, and which the Commissioner may issue from time to time for the purpose of providing taxpayers guidance on the tax consequences in specific situations. BIR Rulings, therefore, cannot contravene duly issued RMRs; otherwise, the Rulings are null and void ab initio
Revenue Memorandum Circular (RMCs) are issuances that publish pertinent and applicable portions, as well as amplifications, of laws, rules, regulations and precedents issued by the BIR and other agencies/offices.
Revenue Bulletins (RB) refer to periodic issuances, notices and official announcements of the Commissioner of Internal Revenue that consolidate the Bureau of Internal Revenue's position on certain specific issues of law or administration in relation to the provisions of the Tax Code, relevant tax laws and other issuances for the guidance of the public.
BIR Rulings are official position of the Bureau to queries raised by taxpayers and other stakeholders relative to clarification and interpretation of tax laws.
