REVENUE MEMORANDUM ORDER NO. 12-2017 issued on May 16, 2017 prescribes the guidelines and procedures to streamline the process and issuance of Certificate of Tax Exemption (CTE) and Electronic Certificate Authorizing Registration (eCAR) for transfers of raw lands to community/homeowners associations for socialized housing projects pursuant to Republic Act (RA) No. 7279, otherwise known as the “Urban Development and Housing Act of 1992”. The application for the issuance of CTE shall be filed directly with the Office of the Commissioner. No application shall be processed unless the following documentary requirements are fully complied with by the requesting party: a. Original Certification signed by the President of the Social Housing Finance Corporation that the subject property qualifies and is actually a Community Mortgage Program (CMP) Project. Such Certification shall be sufficient guarantee of the validity, authenticity and due diligence in the review of CMP Project loan application of the Homeowners Association; b. Certified true copy of the Deed of Sale executed by the landowner in favor of the Community/Homeowners Association; c. Certified true copy of the Master List of Beneficiaries; d. Certified true copy of the Transfer Certificate of Title/Original Certificate of Title and latest Tax Declaration of the property; and e. Extrajudicial Settlement of Estate, in case the title of the property is still in the name of a deceased landowner and evidence of payment of appropriate taxes. The Revenue District Officer (RDO) concerned shall process, approve and issue the necessary eCAR within five (5) working days from the date of submission of the CTE. The CTE shall be a sufficient basis for the RDO concerned to issue the eCAR and no other documents shall be required from the taxpayer/landowner requesting for the eCAR. The eCAR shall particularly state that the raw land is intended for a CMP pursuant to RA No. 7279, with a lien on the title of the land annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same is to be applied or is being applied to socialized housing project pursuant to RA No. 7279. The BIR may, at anytime, conduct a post-audit evaluation and verification on whether or not the raw land is actually covered under the CMP.