SENATE BILL

AUG
01
2016

SBN-922: Exempting Membership Fees and Other Charges Collected by Condominium Corporations from VAT

An Act Exempting Membership Fees, And Other Assessments/Charges Collected By Condominium Corporations From Value-Added Tax, Amending For The Purpose Section 109 (1) Of The National Internal Revenue Code Of 1997, As Amended, And For Other Purposes

  • This bill seeks to exempt association dues, membership fees, and other assessments/charges collected by condominium corporations from the Value-Added Tax (VAT).

 

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