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Category: Real Estate Taxes and fees

VAT Update: Adjacent residential properties are now considered as one under BIR RR 13-2012

VAT Update: Adjacent residential properties are now considered as one under BIR RR 13-2012

If you are thinking of buying adjacent residential properties, you better read this. The Bureau of Internal Revenue (BIR) has recently issued BIR Revenue Regulations (RR) No. 13-2012 dated October ...
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If you dont understand VAT on real estate, don't give up... read and learn!

What you need to know about Value-Added Tax (VAT) on the sale of Real Estate

A lot of people have questions on taxes, including Value-Added Tax or VAT[1] on the sale of Real Estate[2], so I will try my best to explain it as simply as ...
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Threshold for VAT exemptions to be increased effective January 1, 2012

Threshold for VAT exemptions to be increased effective January 1, 2012

The BIR has released Revenue Regulations (RR) No. 16-2011 (posted at the BIR Website) dated October 27, 2011 which increased the threshold amounts for VAT ...
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Paranaque Adopting Revised Schedules Of Real Property Values?

Paranaque Adopting Revised Schedules Of Real Property Values?

I spotted this tarpaulin along Sucat Road across Duty Free Philippines and I thought Paranaque residents might want to check this out. The tarp says a public hearing on "Adopting ...
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BIR Zonal Values (And How To Use It Properly)

BIR Zonal Values (And How To Use It Properly)

So you have announced to the world that you are now a real estate investor, and suddenly, everyone has a property they want to show to you, thinking it's a ...
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BIR to fast track the revision of the schedule of zonal values of real properties nationwide

BIR to fast track the revision of the schedule of zonal values of real properties nationwide

A post by Cherry Castillo In my earlier post, I noted that the BIR has been releasing issuances showing that they are keen on collecting more revenues from real property ...
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Recent BIR Issuances on Property Valuation may affect real estate investors

Recent BIR Issuances on Property Valuation may affect real estate investors

I can see that the BIR is dead serious in collecting revenues for the government and is exploring all avenues where tax collection can be improved. In fact, the BIR ...
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What is Transfer Tax?

What is Transfer Tax?

A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% ...
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Save Money On Taxes: Exemptions From VAT On The Sale And Lease Of Real Estate

Save Money On Taxes: Exemptions From VAT On The Sale And Lease Of Real Estate

Assuming that you already have a property which you intend to sell or lease out, it is important to know whether or not VAT applies to your real estate transactions, ...
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More On Documentary Stamp Tax (DST) On Real Estate Transactions

More On Documentary Stamp Tax (DST) On Real Estate Transactions

There are different DST rates on different types of transactions. In my previous post on How to Easily Compute DST, I was referring to DST on the sale of real ...
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