TAX NOTES
Tax exemption certificate, eCAR under Community Mortgage Program
THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order 12-2017 to implement the guidelines in the issuance of Certificate of Tax Exemption (CTE) and electronic Certificate Authorizing Registration (eCar) for the transfers of raw lands to community/homeowners associations covered under the Community Mortgage Program (CMP) of Republic Act 7279, or the “Urban Development and Housing Act of 1992.”