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Tag: Value Added Tax

Tax Planning For Real Estate Using Corporations And BIR RR No. 6-2013

Tax Planning For Real Estate Using Corporations And BIR RR No. 6-2013

The Bureau of Internal Revenue (BIR) has just released Revenue Regulations (RR) No. 6-2013 dated April 11, 2013 which amends BIR RR No. 6-2008, or the Consolidated Regulations Prescribing the ...
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VAT and income tax on homeowners associations

Homeowner’s association dues now subject to income tax and VAT (RMC No. 9-2013)

Sorry to be the bearer of bad news, but we all saw this coming. Not long after the imposition of income tax and value-added tax (VAT) on condominium dues comes ...
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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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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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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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