VAT Threshold Adjustments for Real Estate Sales

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BIR REVENUE REGULATIONS NO. 3-2012: VAT Threshold Adjustments for Real Estate Sales

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Title Supreme Court: VAT Threshold Adjustments for Real Estate Sales

Law: Bir Revenue Regulations No. 3-2012

Decision Date: Feb 20, 2012

Effective January 1, 2012, the adjusted threshold amounts for the sale of residential properties and related transactions are set at P1,919,500 for residential lots and P3,199,200 for houses and lots, with applicable VAT rates established based on the date of notarization.

tax code

revenue regulations

residential lot

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