CHAPTER IV - MANAGEMENT OF ABSOLUTELY FORFEITED ASSETS

Since the BIR is not engaged in the business of buying, selling and renting out acquired/ forfeited properties, and pursuant to its mandate  of gen...

All acquired/forfeited real properties classified as agricultural and occupied by farmers, and/or even without tillers shall be communicated immedi...

The sale or disposition of intangible personal properties forfeited by the LTS shall be undertaken by the LTS considering  that the same are not co...

Negotiated or private sale of acquired/forfeited real assets shall be resorted to after two (2) failed public biddings, subject to the approval of ...

The inventory of acquired assets shall be updated for the sale or disposition of the acquired properties. The disposition of acquired assets whethe...

Notification of Sale The Notice of Sale for Acquired/Forfeited Assets (NOSAFA), other than agricultural lands, shall be published once a week for t...

All acquired real properties transferred in the name of the Republic of the Philippines, having passed the one-year redemption period, shall be con...

The BIR is mandated to sell or dispose the acquired assets thru public auction, negotiated sale or transfer to other government agencies, whichever...

Real Properties declared forfeited thru the filing of Declaration of Forfeiture with the Register  of Deeds  may be redeemed  by the taxpayer  by p...

The Bureau shall maintain an inventory and proper recording of absolutely forfeited assets in order to enhance the control, management and disposit...

The primary mandate of Bureau of Internal Revenue is to collect internal revenue taxes which are utilized by the government in providing basic and ...