VAT Update: Adjacent residential properties are now considered as one under BIR RR 13-2012

Date Posted: 2012-10-23 10:10:55
Site Posted: ForeclosurePhilippines.com

If you are thinking of buying adjacent residential properties, you better read this. The Bureau of Internal Revenue (BIR) has recently issued BIR Revenue Regulations (RR) No. 13-2012 dated October 12, 2012 which amends the current Value-Added Tax (VAT) regulations. Under RR 13-2012, the sale of two or more adjacent lots, houses and lots, and [...]

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