BIR Ruling No. 616-2020

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

RepublicAct(RA)No.4726; Revenue Memorandum Order

(RMO) No. 18-2009

OCT 2 8 2020

ONE MIHO PLACE CONDOMINIUM CORPORATION

1260 G. Masangkay Street

Tondo, Manila 1003

Attention: JUNE T. YU

President

Gentlemen:

This refers to your letter dated March 06, 2020 seeking for enlightenment regarding

the ruling on the transfer of a parcel of land located at 1260 G. Masangkay St., Tondo Manila

covered by Transfer Certificate of Title (TCT) No. of the Registry of Deeds of

Manila, through a Deed of Conveyance to be executed by E Bay Land Development

Corporation in favor of One Miho Place Condominium Corporation.

In reply, please be informed that your request has been sufficiently addressed 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. 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.

Very truly yours,

pawa

CAESAR R.DULAY Commissioner of Internal Revenue 037307 2

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