PRESIDENTIAL DECREE NO. 911

: The primary objective is to set policies and guidelines for the implementation of Revenue Regulations No. 8-98, clarify issues related to filing and payment of capital gains tax and issuance of Tax Clearance (TCL) or Certificate Authorizing Registration (CAR), and establish transition procedures for RDOs under the ITS implementation.
: It shall be made with the authorized agent bank (AAB) or collection agent under the jurisdiction of the revenue district office (RDO) where the property is located.
: BIR Form 1706 shall be used for this type of transaction.
: Collections are credited to the RDO where the property is located, regardless of where the seller is registered.
: Yes, the concerned AABs shall accept out-of-district returns for this type of transaction only.
: Manual issuance of CAR shall be performed provided the appropriate Revenue Data Center (RDC) Head has been informed.
: The RDC Head responds immediately to the report, logs the occurrence at the Help Desk, broadcasts systems unavailability, and announces the resumption of system availability.
: The filing and payment of capital gains tax are done where the properties are located, and if the amount is lumped, the RDO shall estimate the distribution of values among the properties.
: No, these guidelines do not apply to estate and donor's tax transactions.
: They are repealed, amended, or modified accordingly.
: It took effect immediately upon its adoption on November 25, 1998.