Revenue Memorandum Order No. 18-2009 April 26, 2009
An order dispensing the necessity of securing a ruling from the Bureau of Internal Revenue as a requisite for the issuance of CAR/TCL on the conveyance of land and common areas by the Real Estate Developer to the Condominium Corporation organized in accordance with the provisions of Republic Act No. 4726 for the purpose of holding title to and managing and maintaining the land and common areas for the benefit of the condominium unit owners, as well as prescribing the policies and guidelines to be observed in the issuance of CAR/TCL in respect thereto.
