Question & AnswerQ&A (EXECUTIVE ORDER NO. 52)
The Bureau of Internal Revenue (BIR) is primarily responsible for implementing the provisions of the Executive Order.
Documents requiring the TIN include sugar quedans and refined sugar release orders, domestic bills of lading, documents registered with the Registry of Deeds for real property transactions, registration certificates for transportation equipment, building construction permits, and other documents as may be required by future revenue regulations.
The inclusion of TIN on documents for real property transactions helps accurately identify taxpayers involved, facilitating correct tax liability determination and efficient tax administration.
Any person failing to comply, including parties to transactions and government officials involved, shall be subject to appropriate sanctions under the National Internal Revenue Code and other relevant laws and regulations.
The Secretary of Finance, upon the recommendation of the Commissioner of Internal Revenue, has the authority to promulgate revenue regulations for its implementation.
The Department of Finance must enter into Memoranda of Agreement with appropriate government agencies and local government units to formulate procedures ensuring full compliance.
The Department of Budget and Management, through its Secretary, is tasked with providing preferential budgetary support to the BIR's tax administration functions and related programs.
Yes, the revenue regulations promulgated by the Secretary of Finance shall provide for a phased implementation of the Executive Order.
The Executive Order took effect immediately upon its signing on January 22, 1993.