Robinsons Land Corporation

July 3, 2020 BIR RULING NO. OT-0372-2020 Republic Act (RA) No. 4726; Revenue Memorandum Order (RMO) No. 18-2009; BIR Ruling No. 570-2018 Robinsons Land Corporation 12th Floor, Robinsons Cyberscape Alpha, Sapphire and Garnet Roads, Ortigas Center, Pasig City Attention: Atty. Juan Antonio M. Evangelista AVP-Legal, AMD, Operations and Allied Services Departments Gentlemen : This refers to your letter dated May 31, 2018 requesting for the issuance of a Ruling exempting the conveyance of land and common areas from the payment of creditable withholding tax (CWT) and documentary stamp tax (DST), which are registered under the name of the real estate developer, Robinsons Land Corporation, in favor of Vimana Verde Residences Condominium Corporation and East of Galleria Condominium Corporation, condominium corporations established pursuant to the provision of Republic Act (RA) No. 4726, otherwise known as the "Condominium Act of the Philippines." SDHTEC In reply, please be informed that your request has been sufficiently addressed with the issuance of Revenue Memorandum Order (RMO) 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. Inasmuch as your query falls within the ambit of RMO 18-2009, you are advised to just comply with the requirements prescribed under the said RMO. Very truly yours, (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue