Philippines Insider" The Ultimate Philippines Travel Guide for Tourists and Expats

Author Topic: VAT  (Read 1255 times)

Offline Splooge Magoo

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« on: July 31, 2014, 04:54:25 AM »
I looked this up and VAT applies to real estate (12%) for purchases over 1.9 P. It is the whole amount, not a tiered rate. It kind of threw me off. One agent hinted about lowering the amounts on the documents, but I do not want to get involved in that. My real question is : Construction costs, are these exempt from VAT?
« Last Edit: July 31, 2014, 07:50:16 PM by Gray Wolf »