Supreme Court affirms condo dues not subject to tax

condo for rent in cebu it park

The Supreme Court (SC) affirmed an earlier Makati City court ruling that condominium dues are not subject to tax. In a 33-page decision, the SC 1st Division nullified a Bureau of Internal Revenue (BIR) circular in 2012 which would have imposed 12% value-added tax (VAT) and 32% income tax on association dues, membership, and other…

Philippine Real Estate During COVID-19

Real Estate Coronavirus

AKIN to world crises prior to now, the present coronavirus illness 2019 (Covid-19) pandemic apparently has forged doubt on the Philippine real estate economic system’s prospects. And but, for all of the doom and gloom eventualities, one factor for certain, in line with Philippine real-estate specialists and gamers, is that this well-being emergency opens up…

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