Legal Research Taxation Encoding of the Buyer's Name and Taxpayer's Identification Number for Transfer Tax Payment of BIR Form 1606 (Withholding Tax Remittance...

Encoding of the Buyer's Name and Taxpayer's Identification Number for Transfer Tax Payment of BIR Form 1606 (Withholding Tax Remittance Return for Onerous Transfer of Real Property Other Than Capital Asset, Including Taxable and Exempt)

Bank Bulletin No. 09-19

May 2, 2019

BANK BULLETIN NO. 09-19

TO	:	All BIR Authorized Agent Banks

SUBJECT	:	Encoding of the Buyer's Name and Taxpayer's Identification Number for Transfer Tax Payment of BIR Form 1606 (Withholding Tax Remittance Return for Onerous Transfer of Real Property Other Than Capital Asset, Including Taxable and Exempt)

All AABs are advised that the proper encoding of BIR Form 1606 (Withholding Tax Remittance Return for Onerous Transfer of Real Property Other than Capital Asset, including taxable and exempt), Annex "A" hereof, as payment for transfer tax should be in the name and TIN of the buyer, instead of the name and TIN of the seller, even if it was the latter who paid the corresponding tax due. This return is filed by every Withholding Agent/Buyer on the sale, transfer or exchange of real property. cHDAIS

For your guidance and strict compliance.

(SGD.) CAESAR R. DULAY

Commissioner of Internal Revenue

Encoding of the Buyer's Name and Taxpayer's Identification Number for Transfer Tax Payment of BIR Form 1606 (Withholding Tax Remittance Return for Onerous Transfer of Real Property Other Than Capital Asset, Including Taxable and Exempt)

Encoding of the Buyer's Name and Taxpayer's Identification Number for Transfer Tax Payment of BIR Form 1606 (Withholding Tax Remittance Return for Onerous Transfer of Real Property Other Than Capital Asset, Including Taxable and Exempt)

Bureau of Internal Revenue

BIR Bank Bulletins

Bank Bulletin No. 09-19