AsianetApril 12, 2013 17:19
The Bureau of Internal Revenue (BIR) has amended the rules on the issuance of tax clearance (TCL) and certificate authorizing registration (CAR) of real estate properties following the discovery of the proliferation of anomalous transactions in Region 1.BIR Commissioner Kim Jacinto-Henares said she has received reports about the rise of anomalous one-time transactions (ONETT) involving the “use of fake CARs and TCLs, manipulations of tax declarations of real properties, underdeclaration of consideration in sale and other transactions, and misrepresentations as to the transferors’ st
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