Submission of Proof of Payment of Taxes to the BIR for All Applications of Sale and Transfer
LTFRB Memorandum Circular No. 011-12 • Other Rules and Procedures • Land Transportation Franchising and Regulatory Board • Apr 26, 2012
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April 26, 2012 LTFRB MEMORANDUM CIRCULAR NO. 011-12 SUBJECT : Submission of Proof of Payment of Taxes to the BIR for All Applications of Sale and Transfer Pursuant to Department Order 2010-034 dated October 4, 2010, Re: GUIDELINES FOR APPROVAL OF SALE AND TRANSFER OF CERTIFICATES OF PUBLIC CONVENIENCE, No. 4 thereof, which provides that "No application for the approval of sale and transfer of a CPC shall be accepted unless all fees and/dues have been fully paid to the LTO, LTFRB, and taxes, to the BIR ", this Board shall henceforth require all applicants for Sale and Transfer to submit proof of payment of the Documentary Stamp Tax paid to the BIR covering the Deed of Sale/Conveyance, which is the subject of the application. SAHEIc All issuances inconsistent herewith are hereby superseded and amended accordingly. This Memorandum Circular shall take effect immediately. (SGD.) ATTY. JAIME D. JACOB Chairman (SGD.) ENGR. SAMUEL JULIUS B. GARCIA Board Member (SGD.) ATTY. MANUEL M. IWAY Board Member Published in the Official Gazette, Vol. 108, No. 29, page 3559 on July 16, 2012.
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