Taxes & Fees
VAT (Value Added Tax)
12% tax on certain real estate transactions
Definition
Value Added Tax (VAT) of 12% applies to: sale of real property by VAT-registered sellers in the ordinary course of business, and sale of residential units exceeding ₱3.199 million. Residential lots under ₱1.919M and houses under ₱3.199M are VAT-exempt.