Request to Pay Obligations Concerning Foreclosed Properties Based on the Date of Issuance of the Certificate of Sale Rather than the Actual Date of Auction Sale
BIR Ruling No. 050-96 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 11, 1996
Full text
April 11, 1996 BIR RULING NO. 050-96 44, 67 000-00 050-96 Pag-Ibig Fund Lucena Regional Office 224 Quezon Avenue Lucena City Attention: Ms . Ma . Raidis A . Balmes OIC-Mortgage Loan Division Gentlemen : This refers to your letter dated December 8, 1995 requesting for a ruling to allow you to pay your obligations to all BIR offices concerning foreclosed properties based on the date of issuance of the certificate of sale rather than the actual date of auction sale. cdt In reply, please be informed that a certificate of sale is an evidence of the perfection of a contract or a sale. The said certificate comes after the actual sale. Accordingly, your request is hereby granted. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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