tax identification number

TIN Number – Important Information about VAT

Please take note that your TIN NUMBER, whether you have one or not, is the most important number that the Bureau of Internal Revenue looks at  to assess if a Seller is subject to Value Added Tax ( VAT ) or not ! A recent case of a friend of mine who was selling his son's property was found to be VATable, which meant a 12% tax on top of the 6% creditable withholding tax !  The condominium unit the...

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