REVENUE MEMORANDUM CIRCULAR NO. 23-2023 issued on February 17, 2023
amends the provisions of Revenue Memorandum Circular No. 48-2018 on the classification of
One-Time Transactions (ONETT) and its corresponding processing time for the issuance of
ONETT Computation Sheet (OCS) and Electronic Certificate Authorizing Registration
(eCAR), in order to align with the Citizen’s Charter 2023 Edition, to wit:
| ONETT Transactions | Classification | Filing of 2550Q for the Quarter Ending |
|---|---|---|
| Sale of Real Property / Shares of Stocks Processing and Issuance | ||
| a. OCS | Complex | 7 working days |
| b. eCAR | Complex | 7 working days |
| Donation of Properties Processing and Issuance | ||
| a. OCS | Complex | 7 working days |
| b. eCAR | Complex | 7 working days |
| Estate of the Decedent Processing and Issuance | ||
| a. OCS | Highly Technical | 20 working days |
| b. eCAR | Complex | 7 working days |
The total processing time specified above is computed on a per application basis. The procedures in the issuance of OCS and eCAR stated in the Citizen’s Charter 2023 Edition shall still be followed.