rmc 65-2012

Tag: rmc 65-2012

condominium dues now subject to vat

Tax update: Condominium association dues are now subject to VAT

The Bureau of Internal Revenue (BIR) has just released Revenue Memorandum Circular (RMC) No. 65-2012 which clarifies the tax treatment of association dues, membership fees, and other assessments/charges collected by ...
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