Bottom line – who shoulders VAT on dues to homeowners association?

/ Owner - November 2, 2013

QUESTION: Rltr. John, The Bureau of Internal Revenue (BIR) has just released Revenue Memorandum Circular (RMC) No. 65-2012 which says association dues, membership fees, and other assessments/charges collected by condominium corporations are subject to VAT. Is the BIR correct? Who should pay the VAT?     Read more……

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