Published by Bureau of Internal Revenue(BIR) on March 31, 2020.
Requested from BIR by H. Santiago at 04:30 AM on
March 31, 2020.
Purpose: To research the impact of Chinese investors, POGOs and Covid-19 to the real estate market
Date of Coverage: 01/01/2018 - 03/10/2020
Tracking no: #BIR-708343847860
H.SANTIAGO
March 31, 2020, 4:30 a.m.
Good morning FOI team;
First of all, I would like to thank you for advertising your presence on ABS-CBN as this gave me hope that it is now possible to access information that will be useful for the industry that I belong to and one of the advocates for transparency to guide us practitioners and our customers. Specifically, I like to know the number of capital gains tax transactions in Makati City
1) Year 2017
2) Year 2018
3) Year 2019
4) January 1, 2020 until March 10, 2020 (prior Covid lockdowns)
Looking forward to your assistance once we overcome this crisis. Take care and stay healthy.
P.DIVISION
April 22, 2020, 12:29 p.m.
April 22, 2020
Dear Heidi Santiago,
I refer to my letter of Mar 31, 2020 04:30:36 AM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for The number of transactions for paying capital gains tax.
In order for us to work further on your request, we need more information from you regarding your query. May we ask for CGT are you asking for real property or shares of stocks? Also, Makati is divided into two Regions, namely,
1. Revenue Region No. 8A MAKATI CITY
2. Revenue Region No. 8B SOUTH NCR
Kindly see link for the Makati barangays comprised for each Region, to wit:https://www.bir.gov.ph/images/bir_files/internal_communications_4/FT%20of%20RAO%202019/RAO_NO.%204-2019.pdf
During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Jul 15, 2020 04:23:24 AM, your request will be closed.
We hope to hear from you at the soonest possible time.
Thank you.
Respectfully,
Maria Lourdes Narvaez, OIC- Chief
FOI Officer
P.DIVISION
July 15, 2020, 12:33 p.m.
Jul 15, 2020
Dear Heidi,
I refer to my letter of Apr 22, 2020 about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for The number of transactions for paying capital gains tax. In particular, I had requested specific information for you to clarify upon in order for us to proceed with the request.
As we have not received a reply within the 60-day working period since the letter requesting for clarification was sent out, we regret to inform you that this request will be closed as of Jul 15, 2020.
You may wish to submit a new request describing the specific information you are looking for, and we will be able to consider it under the guidelines as stated in Executive Order No. 2.
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to or visiting our central office. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Maria Lourdes
FOI Officer
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