Please register or log in.
Item details
Category TRANSACTION TAX
Who are liable to pay the creditable withholding tax?
Created Jun-5-2015
Owner admin
QUESTION Who are liable to pay the creditable withholding tax?
ANSWER

The following are liable to pay the CWT:

Seller or transferor of real property classified as ordinary assets habitually engaged in real estate business as per proof of registration with the Housing and Land Use Regulatory Board (HLURB) or the Housing and Urban Development Coordinating Council (HUDCC);
Seller or transferor of real property classified as ordinary assets not habitually engaged in real estate business.