By: Atty. Ludanielle N. Legarde The term “Official Receipt” as commonly used in the Philippine has forever changed as we know it. Due to the Ease of Paying Taxes (EOPT) Act, R.A. No. 11976 (2023), the Bureau of Internal Revenue (BIR) issued BIR Revenue Regulations No. 7-2024 (April 11, 2024) to implement the amendments on …
EOPT introduces shifts from Official Receipts to Invoices Read More »
Gves Law through one of its Partners specializing in real estate, Atty. Ludanielle N. Legarde, conducted a short seminar for one of its retainers, one of the country’s top real estate brokerage company. The purpose of the seminar was to arm real estate brokers with additional legal know how to close deals faster and to …
GVES LAW Conducts Brief Real Estate Seminar To REBs Read More »
The first step to knowing the tax implications of a sale of a real property is to determine whether the real property is a capital asset or an ordinary asset. Ordinary assets are either (1) Stock in trade of a taxpayer or other real property of a kind which would properly be included in the …
Tax Implications of Sale of Real Property in the Philippines Read More »
