Chamber of Real Estate & Builders' Associations, Inc.

A Home for Every Filipino

CREBA vs. Creditable Withholding Tax

The Creditable Withholding Tax (CWT) on sales of real property was first imposed in December 1989 by then Commissioner of Internal Revenue Jose Ong under BIR Revenue Regulation No. 12-89, as part of his Tax Reform Program. Wasting no time, the Chamber mounted a strong public protest spearheaded by then CREBA president Charlie Gorayeb and […]