VAT exemption sa pagbebenta ng bahay at lupa sa bansa, itinaas ng BIR

  • 9 months ago
VAT exemption sa pagbebenta ng bahay at lupa sa bansa, itinaas ng BIR
Transcript
00:00 The Bureau of Internal Revenue has now increased the selling price threshold for the value-added tax or VAT exemption
00:07 for the sale of house and lot and other residential dwellings.
00:11 The threshold has now increased to Php 3,600,000 from the previous Php 3,199,200.
00:20 This is according to the National Internal Revenue Code
00:23 that the threshold is needed to be adjusted every three years according to the Consumer Price Index.
00:30 According to BIR Commissioner Romeo Lumagui Jr.,
00:34 this change is shown by the dedication of the Agency for the Proper Service in Paying the Tax.

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