July 16, 2013

Are you contemplating to purchase building, house and lot and other realties with the help of a real estate broker? You might consider checking the new tax rules on payments to real estate brokers. In order to comply, one may need to know not only the expertise and reliability of such person but also whether he passed the licensure exam as provided by the Professional Regulations Commission (PRC) for the purpose of withholding taxes.

Previously, real estate service practitioners, real estate consultant, appraiser and broker were all subjected to 10% creditable withholding taxes on the income payments as provided by the tax regulations without qualifications. However, with the recent amendments by the Bureau of Internal Revenue , payments of fees for services rendered by the real estate practitioner is subject to 15% if their gross income exceeds P720,000 for the current year, and 10% if otherwise. Hence, 15% tax should be deducted on income payments if you are dealing with a licensed broker and if he is earning more than P720,000 for a year.

If you need assistance preparing tax opinions or any tax matters, kindly contact Triple I Consulting.


Contact us

Contact us below by filling out the form or just email us a message using the email

First Name (required)

Last Name (required)

Your Email (required)

Phone (Enter Your Phone Number if You'd Like Us to Call You)

Your Message

Enter the Captcha

友情链: IM体育数据最新版分析|预测推荐|IM体育现场视频比赛 | 2022im体育网上赛事_预测滚球_2022im体育结果回放时间 | im体育电脑版_分析官方赛事_im体育开户买球 | 2022im体育直播赛程官网|im体育的虚拟比赛技巧|2022im体育app赛事在线 | im体育电竞app|IM体育半决赛最新直播|IM体育正规版 | IM·体育平台官网_期胜负彩推荐_IM·体育盘口手机版 | 2022im体育软件注册可靠|v10.8 IOS版|2022im体育免费在线 |