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Also, the matters contained in the following were written in accordance with the law, rules, and jurisprudence prevailing at the time of writing and posting, and do not include any future developments on the subject matter under discussion.
AT A GLANCE:
The BIR issues an Electronic Certificate Authorizing Registration (eCAR) which allows the Land Registration Authority (LRA) to transfer ownership of real properties resulting from sale, donation and other modes of transfers. BIR Revenue Regulations No. 12-2024 removed the five (5) year validity of the eCAR and its revalidation.
Bureau of Internal Revenue (BIR) Revenue Regulations No. 12-2024 amended Sections 5 and 6 of Revenue Regulations No. 3-2019, removing the five (5) year validity of Electronic Certificate Authorizing Registration (eCAR) and its revalidation.
The Certificate Authorizing Registration (CAR) issued by the BIR allows the Land Registration Authority (LRA) to transfer ownership of real properties resulting from sale, donation and other modes of transfers. The CAR is issued by the BIR as a proof that the transfer of property was reported and that all necessary taxes were paid in full by the taxpayer.
The BIR is currently issuing Electronic CAR (eCAR) with a validity period of five (5) years. The eCAR has an embedded barcode, which is being used by the Land Registration Authority System (LRA PHILARIS-RD System) to validate the pertinent data needed to proceed with the processing and issuance of a new property title.
However, not all eCARs issued by the BIR are presented within the five (5) year validity period, thus concerned parties have to request for the re-issuance of the eCAR, thereby resulting to additional cost on the part of the taxpayer and work load on the part of the processing office.
Under BIR RR No. 12-2024, the eCAR shall be valid from the date of its issuance until such time that it is presented to the concerned Registry of Deeds (RD).
Moreover, under the new regulations, only eCARs issued outside of the BIR’s eCAR System, if any, shall be allowed for revalidation.
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Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries regarding legal services, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/ 0917-5772207/ 09778050020.
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