BIR Revenue Regulations

Amending Revenue Regulation No.13-2001, Regarding Abatement of Cancellation of Internal Revenue Tax Liabilities

Effectivity of 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 of 1997, as amended.

Increasing the Amount of 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 of 1997, as amended, thereby Amending Certain Provisions of Revenue Regulations No.  16  -2005, as amended Otherwise Known as Consolidated VAT Regulations of 2005.

Implementing the Tax Provisions of Republic Act No. 9856 Otherwise Known as “The Real Estate Investment  Trust Act of 2009″

REPORTORIAL REQUIREMENT FOR ESTABLISHMENTS LEASING OR RENTING OUT SPACES FOR COMMERCIAL ACTIVITIES