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    Revenue Memorandum Circular No. 090-17

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    Dominique Shore
    This revenue memorandum circular from the Commissioner of Internal Revenue makes the taxpayer identification number (TIN) a mandatory requirement for certain one-time transactions processed through the Electronic Certificate Authorizing Registration system. Specifically, it requires that the TIN of donees for donor's tax, heirs for estate tax, and buyers for the sale of shares of stock, must be provided. It directs taxpayers engaged in these transactions to secure a TIN before applying for an eCAR, as the TIN field is now mandatory in the eCAR system. All internal revenue officials are instructed to widely publicize this new circular.

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    Revenue Memorandum Circular No. 090-17

    Uploaded by

    Dominique Shore
    19 views1 page
    This revenue memorandum circular from the Commissioner of Internal Revenue makes the taxpayer identification number (TIN) a mandatory requirement for certain one-time transactions processed through the Electronic Certificate Authorizing Registration system. Specifically, it requires that the TIN of donees for donor's tax, heirs for estate tax, and buyers for the sale of shares of stock, must be provided. It directs taxpayers engaged in these transactions to secure a TIN before applying for an eCAR, as the TIN field is now mandatory in the eCAR system. All internal revenue officials are instructed to widely publicize this new circular.

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    210163-2017-Additional_Mandatory_Requirement_for_All

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    This revenue memorandum circular from the Commissioner of Internal Revenue makes the taxpayer identification number (TIN) a mandatory requirement for certain one-time transactions processed through the Electronic Certificate Authorizing Registration system. Specifically, it requires that the TIN of donees for donor's tax, heirs for estate tax, and buyers for the sale of shares of stock, must be provided. It directs taxpayers engaged in these transactions to secure a TIN before applying for an eCAR, as the TIN field is now mandatory in the eCAR system. All internal revenue officials are instructed to widely publicize this new circular.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    19 views1 page

    Revenue Memorandum Circular No. 090-17

    Uploaded by

    Dominique Shore
    This revenue memorandum circular from the Commissioner of Internal Revenue makes the taxpayer identification number (TIN) a mandatory requirement for certain one-time transactions processed through the Electronic Certificate Authorizing Registration system. Specifically, it requires that the TIN of donees for donor's tax, heirs for estate tax, and buyers for the sale of shares of stock, must be provided. It directs taxpayers engaged in these transactions to secure a TIN before applying for an eCAR, as the TIN field is now mandatory in the eCAR system. All internal revenue officials are instructed to widely publicize this new circular.

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    © All Rights Reserved
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    October 20, 2017

    REVENUE MEMORANDUM CIRCULAR NO. 090-17

    SUBJECT : Additional Mandatory Requirement for All One-Time Transactions


    (ONETT)

    TO : All Internal Revenue Officers, Employees and Others Concerned

    This Circular is hereby issued to address the problems encountered by the One-
    Time Transaction (ONETT) Team in dealing with taxpayers who are insisting that
    Taxpayer Identi cation Number (TIN) is not listed as one of the mandatory
    requirements per Revenue Memorandum Order No. 15-2003 for the following
    transactions, to wit:
    1. Donor's Tax — TIN of donee/s
    2. Estate Tax — TIN of heir/s
    3. Sale of Shares of Stock — TIN of buyer/s
    Accordingly, all taxpayers with the above-mentioned transactions are hereby
    directed to secure a TIN prior to their application of Electronic Certi cate Authorizing
    Registration (eCAR) as this is a mandatory field in the eCAR System.
    All internal revenue o cial, employees and others concerned are hereby enjoined
    to give this circular as wide publicity as possible.

    (SGD.) CAESAR R. DULAY


    Commissioner of Internal Revenue

    CD Technologies Asia, Inc. 2017 cdasiaonline.com

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