RMC No. 48-2018 — Prescribes the processing time of One-Time Transactions for the issuance of Electronic Certificate Authorizing Registration (eCAR)

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

May 30, 2018

REVENUE MEMORANDUM CIRCULAR NO. 48-2.018

SUBJECT Processing Time of One-Time Transactions for the Issuance of Electronic

Certificate Authorizing Registration (eCAR)

TO All Internal Revenue Officers, Employees and Others Concerned

sale/ exchange/ donation and its corresponding processing time for eCAR issuance, to wit: This Circular is hereby issued to classify One-Time Transactions (ONETT),particularly on

Sale/Exchange involving Multiple Properties: Real Estate Developer - One (1) Deed of Individual Taxpayer/Corporation with One (1) Deed of Sale/Exchange/Donation: c. More than Fifty: (50) properties b. Four (4) to Ten (10) properties c. Eleven (11) to Fifty (50) properties d. More than Fifty (50) properties a. One (1) to Ten (10) properties b. Eleven (11) to Fifty (50) properties a. One (1) to Three (3) properties Transactions Documentary Requirements Processing Time from the Submission of Complete (working days) 10 days 20 days 20 davs 10 days 3 days 5 days 5 days

give this circular as wide a publicity as possible. Hii internal revenue officials, employees and others concerned are hereby enjoined to

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i-3/apmd BIREAU CFINTERNELREYENE L:35PM 1 Commissioner of Internal Revenue CAESAR. R. DULAY 017073

COROSA