According to RA 9337, the following sales of property are
VAT-Exempt
1. Sale of real properties not primarily held for sale to
customers or held for lease in the ordinary course of trade or business;
2. Sale of real properties utilized for low-cost housing as
defined by R.A. No. 7279, otherwise known as the “Urban Development Housing Act
of 1992” and other related laws, such as R.A. No. 7835 and R.A. No. 8763 wherein
the price ceiling per unit is P750,000.00 or as may from time to time be
determined by the Housing and Urban Development Coordinating Council (HUDCC) and
the National Economic Development Authority (NEDA);
3. Sale of real properties utilized for socialized housing as
defined under R.A. No. 8763, wherein the price ceiling per unit is P225,000.00
or as may from time to time be determined by the HUDCC and the NEDA and other
related laws;
4. Residential lots valued at one million five hundred
thousand pesos (P1,500,000) and below, house and lot, and other residential
dwellings valued at two million five hundred thousand pesos (P2,500,000) and
below: provided, that not later than January 31, 2009 and every three (3) years
thereafter, the amounts herein stated shall be adjusted to their present values
using the Consumer Price Index, as published by the National Statistics Office (NSO).
Deed of Sale
Registration Fees PHP 4,398 (US$88) + PHP 45 (US$0.90) for
every PHP 20,000 (US$400) in excess of PHP1,700,000 (US$33,900)
Notaries Fees PHP200 (US$4) per title or document
Registration Fees PHP US$
Property value 12,500,000 250,000
Value in excess of 1,700,000 10,800,000 215,000
PHP45 for every 20,000 24,300 485
Plus fixed amount 4,398 88
Plus notaries fees 200 4
Total Fees: 28,898 577 as % of property value 0.231% 0.231%.
