increase
in Threshold Amounts for Sale or Lease of Properties
► Amends certain provisions of RR No. 16 -2005,
increasing the threshold amounts for sale of residential lot, sale of house and
lot, lease of residential unit and sale or lease of goods or properties or
performance of services covered by Section 109 (P.), (Q) and (V) of the Tax
Code.
The adjusted threshold amounts are as
follows:
Section
|
Amount in Pesos (2005) Adjusted threshold amounts
|
|
Section 109 (P)
|
1,500,000
|
1,919,500
|
Section 109 (P)
|
2,500,000
|
3,199,200
|
Section 109 (Q)
|
10,000
|
12,800
|
Section 109 (V)
|
1,500,000
|
1,919,500
|
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