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Ano tong VAT 3.2m threshold?

carlitovinoya · 6 · 2777

carlitovinoya

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on: Feb 10, 2014, 11:40 PM
Nag inquire ako kanina about DMCI condos. Ano ibig sabihin nitong VAT 3.2m threshold? Di ko na tinanong sa agent. Kunwari alam ko  :D


bauer

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Reply #1 on: Feb 11, 2014, 11:25 AM
^ Siguro may kinalaman yan sa BIR ruling.

Please read

BIR REVENUE REGULATIONS NO. 16-2011
SUBJECT: Increasing the Amount of Threshold Amounts for Sale of Residential Lot, Sale of House and Lot, Lease of Residential Unit and Sale or Lease of Goods or Properties or Performance of Services covered by Section 109 (P), (Q) and (V) of the Tax Code of 1997, as amended, thereby Amending Certain Provisions of Revenue Regulations No. 16 -2005, as amended Otherwise Known as Consolidated VAT Regulations of 2005.


badcheetah

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Reply #2 on: Feb 11, 2014, 09:50 PM
Nag inquire ako kanina about DMCI condos. Ano ibig sabihin nitong VAT 3.2m threshold? Di ko na tinanong sa agent. Kunwari alam ko  :D


Okay sir, ganito yan, pagka yung price ng iyong condo is 3.2 million or higit pa, meron na 12% VAT.  Taxable na sya.

so yung 3.2 million x 12% = 384,000

3.2m + 384k = 3.584million na yung babayaran mo.

Pag below 3.2 million, hindi sya Taxable.
So yung matitipid mo, pwede mo nalang gastusin sa interior design or sa ibang bagay


julz

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Reply #3 on: Apr 07, 2014, 09:40 PM
Sana kung hulugan mong binabayaran ang property mo,
ay hulugan mo rin binabayaran ang TAX sa BIR at zero interest.
Kasi di ba inutang mo lang naman sa bangko yung pamgbayad mo ng property and VAT eh.

Sana nga ang computation pati is VATable lang yung amount na lampas lang ng 3.2m,
like if you buy 5m - 3.2m = 1.8m yan lang ang VATable amount. Wala kasing sense na pag lower walang tax
pero pag lampas ng 3.2m, the whole amount is taxable na.

Sana magbago ang batas, napaka-aggressive ni BIR, lahat na ng loopholes nakita.


kulatir

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Reply #4 on: Apr 18, 2014, 01:31 AM
Sana kung hulugan mong binabayaran ang property mo,
ay hulugan mo rin binabayaran ang TAX sa BIR at zero interest.
Kasi di ba inutang mo lang naman sa bangko yung pamgbayad mo ng property and VAT eh.

Sana nga ang computation pati is VATable lang yung amount na lampas lang ng 3.2m,
like if you buy 5m - 3.2m = 1.8m yan lang ang VATable amount. Wala kasing sense na pag lower walang tax
pero pag lampas ng 3.2m, the whole amount is taxable na.

Sana magbago ang batas, napaka-aggressive ni BIR, lahat na ng loopholes nakita.

siguro naman yung excess lang sa 3.2m ang vatable. Kase kung ganun rin lang eh anlaki ng difference kung bibili ka ng property worth 3.2m versus property worth 3.19999m


julz

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Reply #5 on: Jun 19, 2014, 02:33 PM
Alam na rin ng BIR if tandem condo units ang binili at 3.2m each or kahit pa 1m lang ang isa sa units, they will still tax the single owner, when the total price for both exceeds 3.2m (like 1m + 2.4m = 3.4m)


 


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