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15 cze 2021 · Under the TRAIN Law, beginning January 1, 2021, VAT exemption on sale of real properties shall only apply to sale of real properties not primarily held for sale to customers or held for lease in the ordinary course of trade or business, sale of real property utilized for socialized housing, and sale of house and lot and other residential ...
1 lut 2024 · In its recently issued Revenue Regulation (RR) No. 1-2024, the Bureau of Internal Revenue (BIR) increased the selling price threshold for VAT exemption purposes of the sale of house and lot, and other residential dwellings, further amending Section 2, Sub-section 4.109-1(B)(p) of Revenue Regulations No. 4-2021.
1 paź 2024 · Revenue Memorandum Circular (RMC) No. 99-2023 provides that generally, sales of real property classified as “ordinary assets” are subject to VAT (except for the transactions mentioned in the preceding part of this article).
12 cze 2021 · The VAT-exempt threshold of Two Million Pesos (PHP2,000,000.00) for the sale of house and lot and other residential dwellings is adjusted to Three Million One Hundred Ninety-Nine Thousand Two Hundred Pesos (PHP3,199,200.00) beginning 1 January 2021.
18 sty 2024 · THE Bureau of Internal Revenue (BIR) has raised the value-added tax (VAT) exemption for the sale of houses and lots by 12.5 percent to P3.6 million from nearly P3.2 million.
17 sty 2024 · MANILA – The Bureau of Internal Revenue (BIR) has increased the threshold for value-added tax (VAT) exemption for the sale of house and lot as well as other residential dwellings from nearly PHP3.2 million to PHP3.6 million.
Sales of Real Properties RR No. 8-2021. Sale of real properties not primarily held for sale to customer of Exempt held for lease in the ordinary course of trade or business. Sale of real property utilized for low-cost and socialized housing Exempt.
