Chamber of Real Estate & Builders' Associations, Inc.

A Home for Every Filipino

VAT exemption ceiling for housing raised to P3.6M

Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. issued Revenue Regulation No. 1-2024 raising the Value-Added Tax (VAT) exemption threshold for the sale of house and lot and other residential dwellings, from PHP 3.199 to PHP 3.6 Million effective 01 January 2024. The regulation served to allay fears from a statement made by […]