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The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration

Posted on Sun, Nov 5, 2023 8:37 AM by DR. SAMUEL O. LAO in Tips and Advice

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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What are taxes involved in selling real estate property in the Philippines?

Posted on Tue, Mar 14, 2023 9:58 PM by DR. SAMUEL O. LAO in Tips and Advice

What are taxes involved in selling real estate property in the Philippines?     Selling a real estate property in the Philippines can be a complex process, especially when it comes to understanding the tax implications. As a seller, it is important to be aware of the different taxes involved in the transaction to avoid any potential legal and financial issues. In this blog, we w...

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