Volume 14 Number 3 (July to September 2003) - University of the ...

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National Administrative Register Volume 14/3
However, for future transactions, all insurance companies are hereby advised to observe
strictly the provisions of Revenue Regulations No. 8-98, as amended, and cause the
payment of the CGT/EWT and corresponding DST on the sale of real properties to an AAB
under the jurisdiction of the RDO where the property is located or, in areas where there are
no AABs to the RCO of the RDO having jurisdiction over the location of the property.
Violation of the rule on venue hereafter committed shall require the imposition of surcharge
and other penalties imposable under existing laws.
All concerned are hereby enjoined to be guided accordingly and give this Circular as
wide a publicity as possible.
Adopted: 22 Aug. 2003
Date Filed: 05 September 2003
(SGD.) GUILLERMO L. PARAYNO, JR.
Commissioner of Internal Revenue
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Revenue Memorandum Order No. 15-2003
Policies, Guidelines and Procedures in the Processing and
Monitoring of One-Time Transactions (ONETT) and the
Issuance of Certificates Authorizing Registration (CARs)
Covering Transactions Subject to Final Capital Gains Tax
on Sale of Real Properties Considered as Capital Assets as
Well as Capital Gains Tax on the Net Capital Gain
on Sale, Transfer or Assignment of Stocks Not Traded
in the Stock Exchange(s), Expanded Withholding Tax on
Sale of Real Properties Considered as Ordinary Assets,
Donorís Tax, Estate Tax and Other Taxes Including
Documentary Stamp Tax Related to the Sale/Transfer of Properties
Adopted: 8 May 2003
(Text Available at Office of the National Administrative Register,
U.P. Law Complex, Diliman, Quezon City)
Date Filed: 05 September 2003
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Revenue Memorandum Order No. 23-2003
Guidelines Regarding Revalidation and
Conveyance of Tax Credit Certificates