RMC No. 70-2018 — Circularizes the revised BIR Form No. 1306 (Declaration of Forfeiture of Real Property) and the Affidavit of Consolidation of Title of Absolutely Forfeited Property in Favor of the Republic of the Philippines Digest | Full Text | Annex A | Annex B

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Diliman, Quezon City .luly 31,2018 REvENUE MEMoRANDUM cTRCULAR No. YD - eo / 8 SUBJECT Revision of BIR Form No. 1306. Declaration of Forfeiture of Real TO Property and the Affidavit of Consolidation of Title of Absolutely Forfeited Property in Favor of the Republic of the Philippines All Internal Revenue Officers and Others Concerned This Circular is hereby issued for the information and guidance of all concerned on the revised format of the BIR Form No. 1306 "Declaration of Forfeiture of Real Property" (Annex A) for want of bidder or insufficient consideration on the public auction sale relative to the seized real property of the delinquent taxpayer pursuant to Section 215 of the National Internal Revenue Code of 1997, as amended. Likewise, the form "Consolidation of Titles of Absolutely Forfeited Property in Favor of the Republic of the Philippines" (Annex B) relative to the transfer of the title to the Republic of the Philippines of the absolutely forfeited real properties is hereby revised. A11 internal revenue officers and employees are hereby enjoined to give this Circular as wide a publicity as possible. ,l.sr+.- J.'s^\, CAESAR R. DULAY Commissioner of Internal Revenue iin irr 0t8926 !: lo f. t4 J- 1 z:- n 2220[0 /,{4-t I.lo\:ni, !O) lrYr,l-\'JI i. !,