Date Posted: 2012-11-12 10:15:27
Site Posted: ForeclosurePhilippines.com
The Bureau of Internal Revenue (BIR) has just released Revenue Memorandum Circular (RMC) No. 65-2012 which clarifies the tax treatment of association dues, membership fees, and other assessments/charges collected by condominium corporations. In the past, the BIR has issued rulings which held that condominium corporations are holding the payments of its members only in trust [...]
Tax update: Condominium association dues are now subject to VAT is an original post from ForeclosurePhilippines.com
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