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    Bir Ruling No. 812-18

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    Godfrey Tejada
    The document is a ruling from the Bureau of Internal Revenue (BIR) in response to a request for confirmation that the transfer of land and common areas from a developer to a condominium corporation is not subject to income tax, creditable withholding tax, value-added tax, or documentary stamp tax. The BIR informs that a confirmatory ruling is unnecessary due to Revenue Memorandum Order No. 18-2009, which dispenses with the need for a BIR ruling for such transfers. The recipient is advised to comply with the requirements of RMO 18-2009.

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    Bir Ruling No. 812-18

    Uploaded by

    Godfrey Tejada
    49 views1 page
    The document is a ruling from the Bureau of Internal Revenue (BIR) in response to a request for confirmation that the transfer of land and common areas from a developer to a condominium corporation is not subject to income tax, creditable withholding tax, value-added tax, or documentary stamp tax. The BIR informs that a confirmatory ruling is unnecessary due to Revenue Memorandum Order No. 18-2009, which dispenses with the need for a BIR ruling for such transfers. The recipient is advised to comply with the requirements of RMO 18-2009.

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    Bir Ruling No. 812-18

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    The document is a ruling from the Bureau of Internal Revenue (BIR) in response to a request for confirmation that the transfer of land and common areas from a developer to a condominium corporation is not subject to income tax, creditable withholding tax, value-added tax, or documentary stamp tax. The BIR informs that a confirmatory ruling is unnecessary due to Revenue Memorandum Order No. 18-2009, which dispenses with the need for a BIR ruling for such transfers. The recipient is advised to comply with the requirements of RMO 18-2009.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    49 views1 page

    Bir Ruling No. 812-18

    Uploaded by

    Godfrey Tejada
    The document is a ruling from the Bureau of Internal Revenue (BIR) in response to a request for confirmation that the transfer of land and common areas from a developer to a condominium corporation is not subject to income tax, creditable withholding tax, value-added tax, or documentary stamp tax. The BIR informs that a confirmatory ruling is unnecessary due to Revenue Memorandum Order No. 18-2009, which dispenses with the need for a BIR ruling for such transfers. The recipient is advised to comply with the requirements of RMO 18-2009.

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    May 10, 2018

    BIR RULING NO. 812-18

    Republic Act (RA) No. 4726;


    Revenue Memorandum Order RMO No.
    18-2009;
    BIR Ruling No. 458-2011
    Salvador Llanillo & Bernardo
    815-816 Tower One & Exchange Plaza,
    Ayala Avenue, 1226 Makati City

    Attention: Martin Ignacio D. Mijares


    Mary Elizabeth M. Belmonte
    Oilie S. Haulo

    Gentlemen :
    This refers to your letter dated February 12, 2016, requesting on behalf
    of your client, The Athenaeum Condominium Corporation ("TACC" for
    brevity), for confirmation that the transfer/conveyance of land and common
    areas in a condominium project by Adrian Wilson International Associates,
    the developer, in favor of TACC is not subject to income tax, creditable
    withholding tax (CWT), value-added tax (VAT), and documentary stamp tax
    (DST), pursuant to Republic Act (RA) No. 4726, otherwise known as the
    "Condominium Act of the Philippines."
    In reply, please be informed that with the issuance of Revenue
    Memorandum Order (RMO) No. 18-2009 ("An Order Dispensing the Necessity
    of Securing a Ruling from the Bureau of Internal Revenue as a Requisite for
    the Issuance of CAR/TCL on the Conveyance of Land and Common Areas by
    the Real Estate Developer to the Condominium Corporation Organized in
    Accordance with the Provisions of Republic Act No. 4726 for the Purpose of
    Holding Title to and Managing and Maintaining the Land and the Common
    Areas for the Benefit of the Condominium Unit Owners, as well as Prescribing
    the Policies and Guidelines to be Observed in the Issuance of CAR/TCL in
    Respect Thereto") dated April 26, 2009, your request for confirmatory ruling
    is unnecessary. Inasmuch as your query falls within the ambit of RMO 18-
    2009, you are advised to comply with the requirements prescribed under the
    said Revenue Memorandum Order. HTcADC

    Very truly yours,

    (SGD.) CAESAR R. DULAY


    Commissioner of Internal Revenue

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