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House owner's vat or tax to government?

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1 House owner's vat or tax to government? on Tue Jan 20, 2015 12:11 pm

jamong


Arresto Menor
Good morning! I have a question.
Is it right that house owner must pay VAT(maybe 10-12%) to government from the tenant's monthly rental payment?

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2 Re: House owner's vat or tax to government? on Tue Jan 20, 2015 1:00 pm

Katrina288


Reclusion Perpetua
VAT is 12%. It depends on your gross monthly rental income.



Last edited by Katrina288 on Thu Jan 22, 2015 11:50 pm; edited 2 times in total (Reason for editing : sorry)

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3 Re: House owner's vat or tax to government? on Thu Jan 22, 2015 8:20 pm

taxconsultantdavao


Reclusion Perpetua
that is not totally right. you only pay vat if your monthly rental income exceeds the threshold. check the VAT law , as amended.

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