RMC No. 85-2024 — Circularizing Republic Act No. 12001, titled “An Act Instituting Reforms in Real Property Valuation and Assessment in the Philippines, Reorganizing the Bureau of Local Government Finance, Granting of Tax Amnesty on Real Property, and Special Levies on Real Property, and Appropriating Funds Therefor.” Digest | Full Text | RA No. 12001

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE JUL 3 0 2024

REVENUE MEMORANDUM CIRCULAR NO. 0 8 5 - 2 0 2 4 LIPPIN

SUBJECT THEREFOR." INSTITUTING REFORMS IN REAL PROPERTY VALUATION ON REAL PROPERTY, AND APPROPRIATING AND ASSESSMENT IN THE PHILIPPINES, REORGANIZING THE BUREAU OF LOCAL GOVERNMENT FINANCE, GRANTING OF TAX AMNESTY ON REAL PROPERTY, AND SPECIAL LEVIES Circularizing Republic Act No. 12001, Entitled"AN ACT FUNDS

TO: All Internal Revenue Officers and Others Concerned

For the information and guidance of all internal revenue officials, emplovees and others concerned, attached as Annex "A" hereof is the copy of Republic Act No. 12001, entitled "AN ACT INSTITUTING REFORMSIN REAL PROPERTY VALUATION AND ASSESSMENT IN THE PHILIPPINES. REORGANIZING THE BUREAU OE LOCAI GOVERNMENT FINANCE, GRANTING OF TAX AMNESTY ON REAL PROPERTY AND SPECIAL LEVIES ON REAL PROPERTY, AND APPROPRIATING FUNDS THEREFOR," signed by the President on June 13, 2024.

as wide a publicity as possible. All internal revenue officials and employees are hereby enjoined to give this Circular

BUREAU OF INTERNAL REVENUE RECORDS MANAGEMENT DIVISION

11JL 3 0 2024 Co Issioner of Internal Revenue UMAGUI, JR.

BY aDmin unit - 2 TIME: Z:19

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