BIR Ruling No. 272-11

August 4, 2011 BIR RULING NO. 272-11 June 17, 2011 Millennium Properties and Brokerage, Inc. Unit 1501 Galleria Corporate Center EDSA corner Ortigas Avenue, Quezon City Attention: Noel A. Calibo Gentlemen : This refers to your letter dated November 20, 2009, requesting for a tax ruling exempting Millennium Properties & Brokerage, Inc. from the payment of the creditable withholding tax, expanded value added tax and documentary stamp tax on the transfer of land, common areas and facilities of a condominium project in favor Astoria Plaza Condominium Corporation. In reply, please be informed that with the issuance of Revenue Memorandum Order No. 18-2009, An Order Dispensing the Necessity of Securing a Ruling from the Bureau of Internal Revenue as a Requisite for the Issuance of CAR/TCL on the Conveyance of Land and Common Areas by the Real Estate Developer to the Condominium Corporation Organized in Accordance with the Provisions of Republic Act No. 4726 for the Purpose of Holding Title to and Managing and Maintaining the Land and the Common Areas for the Benefit of the Condominium Unit Owners, as well as Prescribing the Policies and Guidelines to be Observed in the Issuance of CAR/TCL in Respect Thereto , dated April 26, 2009, the subject matter of your request is sufficiently covered by the said Revenue Memorandum Order, hence, a BIR ruling is unnecessary. In as much as your query falls within the ambit of the said RMO No. 18-2009, you are advised to comply with the requirements prescribed under the said Revenue Memorandum Order. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue