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Effective January 16, 2024, the BIR raised the VAT exemption threshold from P3. 2 million to P3. 6 million for taxable sales of houses and lots and other residential dwellings. ...more.
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.
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 ...
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.
17 sty 2024 · The Bureau of Internal Revenue (BIR) increased value-added tax (VAT) exemption threshold for residential properties to below P3.6 million. Commissioner Romeo Lumagui Jr. announces the exemption through Revenue Regulations No. 1-2024.
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 · House and lots to be sold at P3.6 million and below are exempted from value-added tax (VAT). This after the Bureau of Internal Revenue (BIR) raised the VAT exemption threshold on the sale of house and lot, and other residential dwellings to P3.6 million from P3.199 million.
