In order to align with the Citizen’s Charter 2023 Edition, the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular 23-2023, which provides amended guidelines on Classification of One-Time Transactions (Onett) and the corresponding processing time for the issuance of Onett Computation Sheet (OCS) and Electronic Certificate Authorizing Registration (eCAR).
The amended guidelines are summarized below:
For Sale of Real Property / Shares of Stocks Processing and Issuance transactions
a. OCS (Complex Classification)
* Seven working days processing time per BIR Citizen’s Charter 2023 Edition
b. eCAR (Complex Classification)
* Seven working days processing time per BIR Citizen’s Charter 2023 Edition
For Donation of Properties Processing and Issuance transactions
a. OCS (Complex Classification)
* Seven working days processing time per BIR Citizen’s Charter 2023 Edition
b. eCAR (Complex Classification)
* Seven working days processing time per BIR Citizen’s Charter 2023 Edition
For Estate of the Decedent Processing and Issuance transactions
a. OCS (Highly Technical Classification)
* 20 working days processing time per BIR Citizen’s Charter 2023 Edition
b. eCAR (Complex Classification)
* Seven working days processing time per BIR Citizen’s Charter 2023 Edition
The above-mentioned total processing time is computed for each application. The procedures for releasing OCS and eCAR will still be the same as outlined in the Citizen’s Charter 2023 Edition.
Please be guided accordingly.
Source:
P&A Grant Thornton
Certified Public Accountants