Archive for May, 2009

Creditable Withholding Tax

When a realty developer or seller habitually engaged in the realty business sells property, one of the taxes that has to be paid to the BIR is the Creditable Withholding Tax (CWT). Here’s how to compute for it…

Foreign Ownership of Land in the Philippines

Here are the basic rules covering foreigners who want to own Philippine real estate.

Capital Gains Tax and BIR Form 1706

Here are additional notes concerning the Capital Gains Tax (CGT), based on information that appears in BIR Form 1706.

Local Government Code of the Philippines

Here is just a portion of the Local Government Code of the Philippines, specifically Title II of Book II (Local Taxation and Fiscal Matters). In some CRESR programs, the handouts will show only the sections which the reviewer recommends that the reviewee focus on. But if you’re curious about the entire Title II of Book […]

VAT and CWT and DST

How do we handle National Taxation computational problems involving Creditable Withholding Tax, Documentary Stamp Tax, and Value-Added Tax (VAT)? What happens in sales transactions handled by VAT-registered realty developers?

Real Estate Review Topics

Here’s a list of topics covered by some real estate review classes. Over time, I’ll organize the data in this site so that you’ll have a better flow of study. Now on to the list of topics…

House Okays Rent Control Bill

Read in the May 7, 2009 Philipine Star (House okays rent control bill) that a bill seeking to extend the Rent Control Law (which expired last December 31, 2008) was passed in the House of Representatives last Tuesday evening (May 5, 2009).