Documents Requiring Indication of TIN
- Mandatory to indicate TIN on these documents:
- Sugar quedans, refined sugar release orders, or equivalent documents showing TIN of sugar owners or sellers.
- Domestic bills of lading showing TINs of shippers and consignees in commercial shipments.
- Documents registered with the Registry of Deeds reflecting TINs of parties involved in real property transactions.
- Registration certificates of land, sea, or air transportation equipment reflecting owners' TINs.
- Building construction permits reflecting TINs of owners and contractors.
- Additional documents may be required under future revenue regulations by the Secretary of Finance.
Compliance and Sanctions
- Non-compliance with TIN indication requirements is subject to penalties.
- Both private parties involved in transactions and government officials responsible for oversight may be penalized.
- Sanctions are in accordance with the National Internal Revenue Code and other relevant laws and regulations.
Interagency Coordination and Enforcement Procedures
- The Department of Finance must formalize agreements with appropriate national agencies and local government units.
- These agreements aim to establish procedures ensuring full compliance with the Executive Order.
Budgetary Support for Tax Administration
- The Secretary of the Department of Budget and Management is tasked to provide preferential funding.
- Funds should support BIR’s tax administration and programs to enhance tax collection efficiency.
Rulemaking and Implementation
- The Secretary of Finance, based on recommendations from the Commissioner of Internal Revenue, shall issue revenue regulations.
- Regulations will guide the phased implementation of the Executive Order requirements.
Effectivity
- The Executive Order took effect immediately upon issuance on January 22, 1993.