Real property taxation: Classification of taxpayers

Quick Summary:

The complication in the rules often leads to disputes between the property owner or taxpayer and the tax authorities.

The taxation system governing real property transactions in our jurisdiction is among the most complicated.

Among the factors causing these confusions are the nature or proper classification of the property, the classification of the taxpayer or seller and the buyer, the type of transaction involved, the tax base for purposes of computing the tax, the determination of the applicable taxes and tax rates, the party responsible for the payment, and the proper timing for the payment of taxes.

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Article Details

Author / Journalist: Fulvio D. Dawilan

Category: BusinessStartups

Markets: Philippines

Topics: Opinion Column

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 16:01:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1058 words

Reading Time: 6 minutes read

Sentences: 52 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23291674

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 13 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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