REVENUE MEMORANDUM ORDER NO. 24-2016 .
Summary
Parties to the said transactions may be subjected to an audit or investigation to determine their capacity to hold and/or acquire properties.
If it is determined that the seller and buyer has no capacity to acquire the property.
The procedures and requirements contained in this issuance shall be mandatory on
1. sale/transfer/assignment of stocks not traded in the Stocks Exchange and other ONETT transactions involving tax payments of at least One Million (P1,000,000)
2. transactions exempted from Capital Gains Tax/Expanded Withholding Tax (e.g. tax-free exchange under Section 40 (c)(2) of the NIRC of 1997).
Below is the full text of RMO 24-2016
eBlRForms eMail accounts will no longer be available starting August 1,2015.
MEMORANDUM For DCIR Nelson M. Aspe Operations Group
F rom LC DCIR Lilia C. Guillermo lnformation Systems Group
cc: ACIR Ma. Rosario Charo E. Curiba - ISDOS ACIR Carolyn Ann C. Reyes - ISPMS ACIR Nrarilou del Rosario - Client Support Service
Subject:
Alternative Mode in the Filing of Several BIR Tax Returns using eBIRForms eMail Accounts
It has been observed in the validation of attachments of tax returns submiited through the eBlRForms eMail Accounts that numerous invalid format of BIR Tax Returns were attached by the taxpayers, including eMails with no attachments. Hence, to avoid these instances, we would like to inform you that eBlRForms eMail accounts will no longer be available starting August 1,2015. Taxpayers will receive the following email message
if they continue using the eBlRForms eMail accounts in submitting their tax returns:
"This tax return submlsslon channel is now unavailable and your submitted tax return will be disregarded. Please download the eBlRForms Package v.5 and follow the procedures per RMC No. 31-2015 to submit your tax returns" For your information and appropriate action.
eBlRForms eMail accounts will no longer be available starting August 1,2015.
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