Government Procedures :
These procedures are based on our recent activities in Makati and San Juan offices of Bureau of Internal Revenue, Assessor’s Office and Register of Deeds. For your guidance.
Real Estate Procedures :
1) All Register of Deeds offices have undergone computerization and this has delayed the processing of documents (new title and certified true copies) instead of speeding it up, this is to assure entries match, hopefully this will normalize soon.
2) Fees for certified true copies of title are now Php 148.00 ( good up to 4 pages ) from Php 50.00 and now takes three days to process. Certified true copies for tax declaration remains the same at Php 50.00, however, the number of days to get it differs depending on the city.
3) When buying a property and naming it to a new corporation, give it enough time as the new TIN # of the corporation has to be activated. This applies when you have to pay documentary stamps tax (BIR Form 2000) within five (5) days after the close of the month when the taxable document was made, signed, issued, accepted or transferred, otherwise, you will pay a sizeable penalty for the delay.