The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration
The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration In the world of real estate transactions, there are various taxes and expenses that both buyers and sellers need to be aware of. One of the crucial factors that can significantly impact the financial aspect of a property sale is the Value Added Tax (VAT), which is set at 12% in the Philippines. To avoid unexpected...
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