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jointly by the Tax and Financial Services Division ofChan
Robles & Associates Law Firm,andChan
Robles & Wy, CPAs,to their
clients and friends since 1991.
Series of 1998 [Previous issue, click
|REVENUE MEMORANDUM CIRCULAR NO.
We wish to brief our clients and
on REVENUE REGULATIONS NO. 8-98 relative to the Tax Treatment on
the Sale, Transfer or Exchange of Real Property and for this Purpose
the Time and Place of Payment of the Capital Gains Tax Due Thereon.
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These regulations shall take
fifteen (15) days after publication in a newspaper of general
Take note that the place of
of the capital gains tax or creditable withholding tax as well as the
of the corresponding Tax Clearance (TCL) or Certificate Authorizing
(CAR) is reverted back to Revenue District Office (RDO) of the place
the property being transferred is located.