Tax Clearance is No Longer Necessary for Purposes of Registration of the Property in the Name of the Buyer
BIR Ruling No. 461-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 21, 1988
Full text
September 21, 1988 BIR RULING NO. 461-88 24 (e) (2) 249-88 461-88 S i r : This refers to your letter dated September 2, 1988 requesting a ruling as to whether your mother, Paciencia Gonzales vda. de Asuncion is still required to secure a tax clearance that the capital gains tax has already been paid by her on her sale of a parcel of land on June 21, 1984 inspite of the fact that she availed of Executive Order No. 41, as amended. In reply thereto, please be informed that the capital gains tax liabilities arising from the sale of capital assets are covered by Executive Order No. 41, as amended which grants a one-time tax amnesty covering unpaid income taxes for the years 1981 to 1985. Such being the case, a tax clearance is no longer necessary for purposes of registration of the property in the name of the buyer. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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