Condo dues not subject to tax – court (Philippines)

The Court of Tax Appeals (CTA) has ruled that condominium or association dues as well as other fees collected from unit owners are not subject to income tax and withholding tax.  The CTA issued this ruling in response to a petition lodged by Officemetro Philippines Inc. (formerly Regus Centres Inc.), appealing the deficiency income taxes imposed by the Bureau of Internal Revenue (BIR).    Read more……….


Related Articles

Singapore: Change legislation to prevent management corporations from abusing power

I hope there will be practical, proactive improvements to the Building Maintenance and Strata Management Act to make management corporations

Bahamas: Warring Condo Owners Suffer ‘Meritless’ Ruling

The “warring groups” at a Freeport condominium complex were yesterday sent back to the Court of Appeal, after the Privy

Governor assents to Sindh Condominium Act 2014 (Pakistan)

According to a notification issued here on Monday, the Act shall be enforced with immediate effect and shall extend to