Revenue Memorandum Circular No. 75-2026
Date of Issuance: July 8, 2026 (BIR Website)

“Frequently Asked Questions (FAQs) on the Application for One-Time Transaction (ONETT) Computation Sheet (OCS) and Electronic Certificate Authorizing Registration (eCAR)”

RMC No. 75-2026 provides comprehensive guidance on the processing of ONETT transactions, issuance of OCS and eCAR, registration requirements, tax compliance, documentary requirements, and processing timelines. The Circular aims to standardize procedures and clarify common taxpayer concerns.

KEY HIGHLIGHTS

1. Transactions Covered by ONETT

The following transactions are classified as ONETT transactions:

• Sale of real property classified as a capital asset;
• Sale, transfer, or assignment of shares of stock not traded through the stock exchange;
• Sale of real property classified as an ordinary asset;
• Donation of property; and
• Transfers arising from a decedent’s estate.

2. Applicable Taxes and Filing Requirements

Depending on the transaction, taxpayers may be liable for:

• Capital Gains Tax (CGT)
• Creditable Withholding Tax (CWT)
• Donor’s Tax
• Estate Tax
• Documentary Stamp Tax (DST)

The Circular also reiterates the corresponding BIR forms and statutory deadlines for payment and filing.

3. Electronic Filing Requirement

Pursuant to the Ease of Paying Taxes (EOPT) Act (RA No. 11976), ONETT-related tax returns must generally be filed electronically. Manual filing is allowed only when BIR electronic platforms are unavailable.

4. TIN Requirements

TINs are required for all parties involved in ONETT transactions, including sellers, buyers, donors, donees, estates, heirs, and administrators, as applicable. Spouses’ TINs are generally not required unless they are parties to the transaction or the property is conjugal/community property.

5. Processing Time Under the Citizen’s Charter

The prescribed processing periods are:

Processing periods commence only upon submission of complete documentary requirements and proof of payment.

6. eCAR Policies

The Circular clarifies that:

• All manually issued CARs that are not yet presented to the Registry of Deeds (RD) are no longer valid and shall be replaced with an eCAR by the BIR Office which previously processed the CAR.
• Previously issued eCARs remain valid and no longer require revalidation.
• Lost eCARs may be reprinted upon submission of a written request and supporting documents.
• eCAR issuance should not be delayed solely because VAT on the transaction has not yet been paid.

7. Real Property Valuation Rules

For CGT and DST purposes, the tax base is generally the higher of:

• Gross selling price/consideration, or
• Fair Market Value (FMV), zonal value, or Schedule of Market Values (SMV), as applicable.

The DST shall likewise be computed based on the same basis of the CGT, except in government sale transactions, where the DST is based on the consideration paid.

The Circular also clarifies valuation issues involving installment sales, property classifications, and application of zonal values.

8. Shares of Stock Valuation Rules

DST on the sale of no-par value shares

• The DST on the sale of no-par-value shares is based on Section 175 of the Tax Code and RMC No. 6-2022 which is 50% of the DST paid upon the original issuance of the shares.

CGT and DST of Preferred Shares not listed in the stock exchange

• The Fair Market Value (FMV) is based on their liquidation value.
• The liquidation value is equal to the redemption price as of the balance sheet date nearest to the transaction date. The redemption price includes (1) Any premium, and (2) Cumulative preferred dividends in arrears.
• This valuation rule is in accordance with Revenue Regulations (RR) No. 20-2020

9. Estate Tax Clarifications

The Circular provides guidance on:

• Estate TIN registration
• Family Home deductions
• Waiver and renunciation of inheritance
• Documentary Stamp Tax implications
• Non-requirement of Certificates of Property Holdings
• Separate TIN issuance for estates distinct from the decedent’s TIN

10. Donor’s Tax and/or DST on Waiver/Renunciation

A general renunciation of inheritance is not subject to Donor’s Tax. However, partial renunciation or waiver in favor of specific heirs may be subject to Donor’s Tax and/or DST (as applicable) on the value transferred.

11. Additional or Deficiency Tax Payments

Additional taxes based on an approved OCS should be paid using the applicable ONETT tax return form (e.g., Forms 1706, 1707, 1606, 1800, 1801, or 2000-OT). Deficiency taxes assessed after eCAR issuance should be paid using BIR Form No. 0605.

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• +632.8982.9100
• info@reyestacandong.com

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