Taxation

For corporations engaged in or dealing with real estate in the Philippines, understanding the tax implications, particularly concerning the sale of "ordinary assets," is crucial. This article provides a comprehensive overview of the definitions, Value-Added Tax (VAT) rules, and other relevant tax considerations for corporate sellers of such properties, incorporating recent legislative updates like the...

Whether you’re buying, selling, or inheriting property in the Philippines, it’s crucial to understand the taxes involved. Real estate transactions come with a range of government-imposed fees that can significantly affect your budget and timeline. In this guide, we break down the essential taxes you need to know—what they are, who pays them, and when they’re due—to help you navigate the process...