Monday, May 19, 2014
RECENT BIR RMCs ON HOUSING, USE OF eCAR
Cooperatives also must know about recent BIR issuances on socialized housing and on transfer of real estate transactions.
Recently, BIR issued the following Revenue Memorandum Circulars on the subject:
1. RMC No. 35-2014
Dated May 8, 2014
Subject: "Circularizing Relevant Portions of Housing and Urban Development Coordinating Council (HUDCC) Resolution No. 1, Series of 2013, Approving the Adjustment of the Price Ceiling for Socialized Housing."
Link: ftp://ftp.bir.gov.ph/webadmin1/pdf/86273RMC No 35-2014.pdf
2. RMC No. 36-2014
Dated May 8, 2014
Subject: "Clarifies the Price Ceiling of Socialized Housing Lot Only Pursuant to RR No. 11-97; RR No. 17-01, and Housing and Urban Development Coordinating Council (HUDCC) Resolution No. 1, Series of 2013.
Excerpts from the pertinent provisions:
"...in the case of homelots only, the price shall not exceed forty percent (40%) of the maximum limit prescribed in for the house and lot package..."
"...from the foregoing, the P450,000 price ceiling applies to house and lot package, and that if only lot is sold, the price ceiling should only be P180,000/lot (40% of P450,000).."
Link: ftp://ftp.bir.gov.ph/webadmin1/pdf/86275RMC No 36-2014.pdf
3. RMC No. 40-2014
Dated: May 15, 2014
Subject: "Prescribes the use of Electronic Certificate Authorizing Registration (eCAR) - (BIR Form No. 2313-R For Transaction Involving Transfer of Real Properties and BIR Form No. 2313-P for Transaction Involving Transfer of Personal Properties.
Link: ftp://ftp.bir.gov.ph/webadmin1/pdf/86494RMC No 402014.pdf
Excerpts: "...For transfer of real properties, the concerned Register of Deeds (RD) shall not accept manually issued Certificates Authorizing Registration (CAR) upon the rollout of the eCAR System..."
"...However, manually-issued CARs issued within one year before the rollout date are still valid for presentation by taxpayers to the RD..."
"...Initially, the eCAR System shall be rolled out on May 19, 2014 in the RDO under the jurisdiction of Revenue Region No. 1- Calasiao, Pangasinan.."