RMC No. 43-2018 — Creates a fast lane in the RDOs for all One-Time Transactions (ONETT) involving simple transactions Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL R.EVEN UE Quezon City May 18, 2018 REVENUE MEMORANDUM CIRCULAR NO. 4?' AO / B SUBJECT Creation of Fast Lane for all One-Time Transactions (ONETT) TO Involving Simple Transaction Ai1 Internal Revenue Officers, Employees and Others Concerned in line ra,ith the BIR's efforts to promote the delivery of quaiity serwice to all stakeirolders, all One-Time Transaclion (ONETT) Teams are herebl, dilected to create a fast lane that u,ill cater to individuals or corporations filing Capital Gains Tax or Donor's Tax Returns nith only one (1) Deed of Sale/Exchange/Donation invoiving one (1) to three (3) properties. T'o comply with the provisions of Republic Act (RA) No. 9485, otheru,ise kno'n,n as the "Anti Red Tape Act of 2007" (ARTA), these transactions shail be processed and t1-re corresponding eCARs released within three (3) working days upon submission of compiete docurnentary requirements. The ONETT under the fast lane shall be processed b1, the Group Supervisor of the Assessment Section assigned as Officer of the Day and approved bv the Assistant Revenue f)ish'ict Officer / Revenue Dish'ict Officer (RDO) depending on the thresholcl set folti.r under Rever,ue Memorandum Order No. 55-2016. The submission of the complete documentary requirements should include a Certificate from the Bar-Lk signed bv the Cashier and countersigned bv the Manager rt'ith bank seal that ra,.ill be securecl bt, t1-ie taxpaver ilnmetiiatelv aftcr pat'mcut fot-c;rsi-r tlansaclion from thc Authorizercl ,,\gent Ilank (,\.rBl. Conscclucntlt', thc RDC sha1l ieclnest for t1-re specir-iren signatures oI Liic Cashier cultl Bcrlrk Manager from the AABs located withir-r l-ris/her julisdiction. A11 internal revenue officials, employees and others concerned are herebv enjoinecl to give this circular as wide a publicity as possibie. I-3l a pnr d BtlREA{, 0F lNl-ERtrlAL REVr-tN t-/ .t"--q.r.-r.,o.-^-A{<2..V,z u tlv{\.,tu tr'\ n/i' CAESAII. I{. DUI,AY iirili 016I73 Commissiorrel of Internal Revr:nu e