RMC No. 10-2023 (January 26, 2023) encourages sellers habitually engaged in the sale of real properties, such as real estate developers with voluminous ONETT transactions, to use the BIR's Electronic One-Time Transaction (eONETT) System in securing the ONETT Computation Sheet/Electronic Certificate Authorizing Registration for sale or transfer of real properties, and to pay electronically through the BIR's available ePayment channels.
Purpose
To encourage sellers habitually engaged in the sale of real properties, particularly real estate developers with voluminous ONETT transactions, to use the eONETT System in securing the ONETT Computation Sheet/Electronic Certificate Authorizing Registration and to pay electronically via BIR ePayment channels.
In brief
RMC No. 10-2023 urges sellers habitually engaged in the sale of real properties, such as real estate developers with voluminous ONETT transactions, to use the BIR's eONETT System to secure the ONETT Computation Sheet and Electronic Certificate Authorizing Registration for real property sales/transfers. It also encourages these sellers to pay electronically through the BIR's available ePayment channels.
Keywords
eONETT SystemOne-Time Transaction (ONETT)sellers of real propertiesreal estate developersONETT Computation SheetElectronic Certificate Authorizing Registrationsale/transfer of real propertiesePayment channels
Key points
- RMC No. 10-2023, issued on January 26, 2023, encourages the use of the Electronic One-Time Transaction (eONETT) System by sellers habitually engaged in the sale of real properties.
- Sellers habitually engaged in the sale of real estate properties, like real estate developers with voluminous ONETT transactions, are urged to use the eONETT System in securing the ONETT Computation Sheet/Electronic Certificate Authorizing Registration relative to sale/transfer of real properties.
- The same sellers are also encouraged to pay electronically through the available ePayment channels of the BIR.
Forms referenced
- The ONETT Computation Sheet, a form/document secured through the eONETT System.
- The Electronic Certificate Authorizing Registration, secured through the eONETT System for sale/transfer of real properties.
Affected taxpayers
- Sellers habitually engaged in the sale of real (real estate) properties.
- Real estate developers with voluminous ONETT transactions, cited as an example of such sellers.