What are the taxes I need to pay when buying a house, condominium, or residential lot from a Real Estate Developer in the Philippines?
- 12% Value Added Tax (VAT) (If the total selling price is more than 2 Million)
- Documentary Stamp Tax (DST) 1.5% of the total selling price
- Transfer Fee .5 of 1% of the total selling price
- Registration Fee (More or less, the percentage is .5 of 1% base on the total selling price)