Proper Interpretation and Application of 5-Year Prescriptive Period on Collection of Real Property Taxes under Sec. 270 of the Local Government Code (R.A. No. 7160)

January 25, 1996 REVENUE MEMORANDUM CIRCULAR NO. 14-96 SUBJECT : Missing One (1) Set of Certificate Authorizing Registration (BIR Form No. 1954-B) TO : All Internal Revenue Officers, Employees and Others Concerned Notice is hereby given of the loss of one (1) set of Certificate Authorizing Registration (BIR Form No. 1954-B), to wit: Serial Number Quantity 38000 One (1) set The abovementioned Certificate Authorizing Registration which was reported as missing by Ms. Chona B. Villamiel, Revenue Officer I, Revenue Region No. 7, Quezon City, is hereby deemed cancelled and all official transactions involving the use thereof are therefore invalidated. Internal revenue officers, employees and others concerned are requested to promptly notify this Office in case the abovementioned receipt is found, taking the necessary steps in the meantime to prevent the improper or fraudulent disposition or use thereof. ESTELITA C. AGUIRRE Deputy Commissioner