Amending Revenue Memorandum Circular No. 48-2018 on the Classification and Processing Time of One-Time Transactions
Revenue Memorandum Circular No. 23-2023 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Feb 17, 2023
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February 17, 2023 REVENUE MEMORANDUM CIRCULAR NO. 23-2023 SUBJECT : Amending Revenue Memorandum Circular No. 48-2018 on the Classification and Processing Time of One-Time Transactions TO : All Internal Revenue Officers, Employees and Others Concerned This Circular is hereby issued to amend the provisions of Revenue Memorandum Circular (RMC) No. 48-2018 on the classification of One-Time Transactions (ONETT) and its corresponding processing time for the issuance of ONETT Computation Sheet (OCS) and Electronic Certificate Authorizing Registration (eCAR), in order to align with the Citizen's Charter 2023 Edition, to wit: ONETT Transactions Classification Total Processing Time per BIR Citizen Charter 2022 Edition Sale of Real Property/Shares of Stocks Processing and Issuance a.) OCS Complex 7 working days b.) eCAR Complex 7 working days Donation of Properties Processing and Issuance a.) OCS Complex 7 working days b.) eCAR Complex 7 working days Estate of the Decedent Processing and Issuance a.) OCS Highly Technical 20 working days b.) eCAR Complex 7 working days The total processing time specified above is computed on a per application basis. The procedures in the issuance of OCS and eCAR stated in the Citizen's Charter 2023 Edition shall still be followed. All internal revenue officials, employees and others concerned are hereby enjoined to give this circular as wide a publicity as possible. (SGD.) ROMEO D. LUMAGUI, JR. Commissioner of Internal Revenue
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