REVENUE REGULATIONS NO. 24-2002 issued on December 16, 2002 prescribes the
information/summary schedules to be periodically submitted to the BIR by the Land
Registration Authority (LRA), the Register of Deeds (RD) and the Assessor’s Office
relative to the recording/registration of transfers of real properties administered by the
RD/Assessors, as well as the manner of issuance, recording and monitoring of the
Certificate Authorizing Registration (CAR).
The LRA shall provide the BIR National Office (Asset Valuation Division or its
equivalent office) with the following monthly schedules on or before the 15th day of the
following month: 1) summary list of blank OCTs/TCTs/CCTs issued to all RDs, with
mention of the sequential serial number; 2) summary schedules of all transfers for a
particular month of titled real properties effected by each RD; and 3) summary schedule
of transferred untitled real properties which have been entered in the Primary Book of
Entry and the Book of Registration, for transfer of real properties under Act 3344.
Each RD shall likewise provide their respective BIR Regional Office (Assessment
Division) the aforementioned monthly schedules, which will be validated by the
appropriate BIR office with the schedules provided by the LRA.
In order to ensure the authenticity of the CARs presented by taxpayers to the RDs,
the Revenue District Officers (RDOs) shall furnish the LRA/RD within their jurisdiction
the following: 1) the serial numbers of all blank CARs assigned to them (to be furnished
in advance); 2 the Summary List of CARs Issued (on monthly basis); and 3) copies of
pertinent revenue issuances relative to transfers affecting real properties. The RDO shall
likewise submit to the receiving RD and LRA the “List of Countersigned CARs”, with
reference to the processing RDO, containing the information required in the “List of
CARs Issued”.
Before the CAR is released to taxpayers, all copies of the document of
sale/exchange or transfer shall first be presented to the assigned revenue officers who
shall indicate at the back of said documents the information contained in the CAR, as
specified in the Regulations.
The CAR shall have a validity period of one (1) year for purposes of presenting
the same to the RD. In case of failure to present the same to the RD within the one-year
validity period, the same may still be revalidated, but the total period of validity cannot
exceed two (2) years counted from the date of issuance of the CAR.
No registration of any document transferring real property shall be effected by the
RD unless the Commissioner or his duly authorized representative has certified that such
transfer has been reported, and the final capital gains tax, creditable withholding tax,
estate tax, donor’s tax, or documentary stamp tax, if any, has been paid.
No registration of any document transferring untitled real property shall be
effected by the City or Municipal Assessor’s Office unless proof is presented that the
document of transfer has already passed through the RDs.
The BIR shall, at regular interval, inspect and audit the records of the LRA/RD
and City/Municipal Assessors to check on the compliance with the provisions of tax laws
and implementing regulations.
All CARs which are more than two (2) years old shall be revalidated within 60
days from effectivity of the Regulations and must be presented to the RD within thirty
(30) days from the date of revalidation.