RMO No. 38-2016 — Revokes RMO Nos. 24-2016 and 25-2016 prescribing the investigation of parties in transactions involving the transfer/assignment/sale of properties
BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City
July 1, 2016
REVENUE MEMORANdUM ORdER nO. 38 - 20/6
SUBJECT Revocation of Revenue Memorandum Order Nos. 24- 2016 And 25-2016 Prescribing the Investigation of
Parties in Transactions Involving the Transfer/ Assignment/Sale of Properties.
TO All Internal Revenue Officers and Others Concerned
After careful evaluation of the guidelines and procedure relative to the investigation of parties in transactions involving the transfer/assignment/sale of properties, Revenue Memorandum Order Nos. 24-2016 ahd 25-2016 are hereby recalled pursuant to the power of the Commissioner under Sections 4 and 7 of the National Internal Revenue Code of 1997, as amended.
All transactions affected by this Order shall be governed by pertinent rules existing prior to the issuance of RM0 Nos. 24-2016 and 25-2016.
This Order shali take effect immediately
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BUREAU OF INTERNAL REVENIUE RECOROS MGT. DIVSION JUL U 1 2016 1:3s P M. Commissioner of internat Revenue CAESAR R. DULAY 000001
RECEIVET M
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