Taxmann's Copy of Memorandum to Finance Bill, 2021Taxmann
The Finance Minister, Smt. Nirmala Sitharaman has presented the Union Budget 2021-22 in the Parliament. Find below the copy of the memorandum to Finance Bill 2021.
The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas, or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Kim Henares has been its Commissioner since the start Aquino Administration.
SPT Dollar dan Rupiah beserta LampirannyaRoko Subagya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
Serbia: Tax Alert - Amendments of Serbian Tax Laws (Dec 2017)Alex Baulf
On 14 December 2017, the Serbian Parliament adopted amendments to the VAT Law, which were published in the Official Gazette of the Republic of Serbia No.113/2017.
The adopted amendments will go into force on January 1 2018, with exception of certain provisions for which it is particularly emphasized.
On 14 December 2017, the Serbian Parliament adopted amendments to the Corporate Income Tax Law, which were published in the Official Gazette of the Republic of Serbia No.113/2017.
The adopted amendments will go into force on January 1 2018, with exception of provisions regulating withholding taxation. The majority of provisions shall be applied starting from the filing of tax return for 2018.
Please see a high level overview of these changes in the Tax Alert from Grant Thornton Serbia.
Intensive and detailed paper on HST. Particularly appropriate for HST implications about sale of New Homes from both the buyers’ and builder-sellers’ perspectives.
Taxmann's Copy of Memorandum to Finance Bill, 2021Taxmann
The Finance Minister, Smt. Nirmala Sitharaman has presented the Union Budget 2021-22 in the Parliament. Find below the copy of the memorandum to Finance Bill 2021.
The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas, or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Kim Henares has been its Commissioner since the start Aquino Administration.
SPT Dollar dan Rupiah beserta LampirannyaRoko Subagya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
SPT Dollar dan Rupiah beserta Lampirannya
Serbia: Tax Alert - Amendments of Serbian Tax Laws (Dec 2017)Alex Baulf
On 14 December 2017, the Serbian Parliament adopted amendments to the VAT Law, which were published in the Official Gazette of the Republic of Serbia No.113/2017.
The adopted amendments will go into force on January 1 2018, with exception of certain provisions for which it is particularly emphasized.
On 14 December 2017, the Serbian Parliament adopted amendments to the Corporate Income Tax Law, which were published in the Official Gazette of the Republic of Serbia No.113/2017.
The adopted amendments will go into force on January 1 2018, with exception of provisions regulating withholding taxation. The majority of provisions shall be applied starting from the filing of tax return for 2018.
Please see a high level overview of these changes in the Tax Alert from Grant Thornton Serbia.
Intensive and detailed paper on HST. Particularly appropriate for HST implications about sale of New Homes from both the buyers’ and builder-sellers’ perspectives.
OBJECTIVE
Under GST, the supplier of goods or services is liable to pay the tax to the Government. However, under the reverse charge mechanism (RCM), the liability to pay GST is cast on the recipient of the goods or services. Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply. In this webinar, we shall understand the applicability and provisions of RCM under GST.
WeOwn.in is a real estate company which helps users buy real estate - apartment, villa, plots or farm house, at genuinely low prices AND with no charge or fee.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
TRAIN Law and Residential Real Estate: Impact to Developers and Homebuyers by Atty. Ryan Tan
1. TRAIN Law: Impact on Real Estate
Developers and Homebuyers
Atty. Christopher Ryan T. Tan
President, CHAIRS
2. • Sec. 34, R.A. 10963, amending Sec. 109 of
the NIRC, paragraph (p) on sale of real
properties
• Sec. 4.109-1.(B)(1)(p)(1-4), Revenue
Regulation 13-2018
• Sec. 86, R.A. 10963, paragraphs (tt) and (uu)
Pertinent TRAIN LAW Provisions
and Implementing Rules
3. Sec. 34, R.A. 10963, amending Sec.
109 of the NIRC, paragraph (p) on
sale of real properties
6. Revenue Regulations No. ______
Page 7 of 20
(p) The following sales of real properties are exempt from VAT, namely:
(1) Sale of real properties not primarily held for sale to customers or held
for lease in the ordinary course of trade or business.
However, even if the real property is not primarily held for sale to
customers or held for lease in the ordinary course of trade or business but the
same is used in the trade or business of the seller, the sale thereof shall be
subject to VAT being a transaction incidental to the taxpayer’s main business.
(2) Sale of real properties utilized for low-cost housing as defined by
RA No. 7279, otherwise known as the "Urban Development and Housing Act
of 1992" and other related laws.
7. customers or held for lease in the ordinary course of trade or business but the
same is used in the trade or business of the seller, the sale thereof shall be
subject to VAT being a transaction incidental to the taxpayer’s main business.
(2) Sale of real properties utilized for low-cost housing as defined by
RA No. 7279, otherwise known as the "Urban Development and Housing Act
of 1992" and other related laws.
"Low-cost housing" refers to housing projects intended for homeless
low-income family beneficiaries, undertaken by the Government or private
developers, which may either be a subdivision or a condominium registered and
licensed by the Housing and Land Use Regulatory Board/Housing (HLURB)
under BP Blg. 220, PD No. 957 or any other similar law, wherein the unit
selling price is within the selling price per unit as set by the Housing and
Urban Development Coordinating Council (HUDCC) pursuant to RA No.
7279 otherwise known as the “Urban Development and Housing Act of 1992”
and other laws.
(3) Sale of real properties utilized for socialized housing as defined
8. 7279 otherwise known as the “Urban Development and Housing Act of 1992”
and other laws.
(3) Sale of real properties utilized for socialized housing as defined
under RA No. 7279, and other related laws, such as RA No. 7835 and RA No.
8763, wherein the price ceiling per unit is P450,000.00 or as may from time to
time be determined by the HUDCC and the NEDA and other related laws.
"Socialized housing" refers to housing programs and projects covering
houses and lots or home lots only undertaken by the Government or the
private sector for the underprivileged and homeless citizens which shall
include sites and services development, long-term financing, liberated terms
on interest payments, and such other benefits in accordance with the
provisions of RA No. 7279, otherwise known as the "Urban Development and
Housing Act of 1992" and RA No. 7835 and RA No. 8763. "Socialized
housing" shall also refer to projects intended for the underprivileged and
homeless wherein the housing package selling price is within the lowest
interest rates under the Unified Home Lending Program (UHLP) or any
equivalent housing program of the Government, the private sector or non-
government organizations.
9. HUDCC Resolution No. 01-2018 (April 27, 2018)
on Horizontal Socialized Housing
Gross Floor Area Maximum Selling
Price
(1) 22 sq.m with loft of at least 50% of the
base structure, or P480,000
24 sq.m.;
(2) 24 sq.m with loft of at least 50% of the
base structure, or P530,000
28 sq.m.;
(3) 24 sq.m with loft of at least 50% of the
base structure, or P580,000
32 sq.m.
10. HUDCC Resolution No. 01-2018 (April 27, 2018)
on Vertical Socialized Housing (Condominium)
Gross Floor Area Maximum Selling
Price
(1) For the National Capital Region, San Jose del Monte City in
Bulacan Province, Cainta and Antipolo City in Rizal
Province, Carmona and San Pedro City in Laguna, and the
Cities of Imus and Bacoor in Cavite Province:
22 sq.m., or P700,000
24 sq.m P750,000
(2) For all other areas:
22 sq.m P600,000
24 sq.m. P650,000
11. (4) Sale of residential lot valued at One Million Five Hundred Thousand
Pesos (P1,500,000.00) and below, or house & lot and other residential dwellings
valued at Two Million Five Hundred Thousand Pesos (P2,500,000.00) and
below, as adjusted in 2011 using the 2010 Consumer Price Index values.
If two or more adjacent residential lots are sold or disposed in favor of
one buyer, for the purpose of utilizing the lots as one residential lot, the sale
shall be exempt from VAT only if the aggregate value of the lots do not exceed
P1,500,000.00. Adjacent residential lots, although covered by separate titles
and/or separate tax declarations, when sold or disposed to one and the same
buyer, whether covered by one or separate Deed of Conveyance, shall be
presumed as a sale of one residential lot.
Provided, That beginning January 1, 2021, the VAT exemption shall
only apply to sale of real properties not primarily held for sale to customers
or held for lease in the ordinary course of trade or business, sale of real
property utilized for socialized housing as defined by Republic Act No.
7279, sale of house and lot, and other residential dwellings with selling price
of not more than Two Million Pesos (P2,000,000.00): Provided, further, That
every three (3) years thereafter, the amounts stated herein shall be adjusted to
its present value using the Consumer Price Index, as published by the
Philippine Statistics Authority (PSA).
(q) Lease of residential units with a monthly rental per unit not
13. Keep the VAT Exemptions on Housing
Sales of house and lot packages
of P3,199,200 and below
5.7 MillionBacklog
168,355
Average Annual Housing
ProductionBut
HUDCC Data: 5.56 Million Housing Needs (2016)
The Housing Industry Position:
HUDCC Average from 2011-2015
928,077 Houses
To address, this Administration
needs to construct
for the next 5 years.
14. Who will be affected by the removal of the
VAT Exemption on housing?
8 out of 10
Filipinos
10.2 M
OFWs
• With the VAT Exemption, the
affordability level for formal housing
already falls on the 7th income decile.
• When VAT is imposed, the affordability
level shifts to the 8th income decile.
• Affected are those who are receiving
above minimum wage, the minimum
wage earners, the poor, near poor and
subsistence poor.
3.85 M Filipino families or
15.8 M Filipino individuals
• These are the number of
Filipinos displaced by VAT on
housing.
• Before VAT, they can afford.
• After VAT, they can no longer
afford.
• 1 household is equal to 4.1
individuals.
Based on POEA
data, 2013
• The principle is not to
tax OFWs.
• VAT on housing
indirectly taxes them.
• Housing is top, if not
among the top reasons,
why they go abroad.
16. The train will hit the poor and
the middle class
We are not only building
houses for the poor, but
also for middle class and
OFWs
Developers are your
private sector partners.
It is not a small tax, it is
a big tax over a period
of time.
This is an indirect tax to
OFWs. This is not the
essence of the law.
The power to tax is the
power to destroy.
The TRAIN Consequences
17. The RICH could take
care of themselves.
The LOW and MIDDLE CLASS,
who fuel the economy and pay
taxes, are left out and made to
bear the burden of this tax.
The POOR has the government is
there to address their needs.
PHILIPPINE HOUSING SECTOR
Lifting the VAT Exemptions on Housing is bad policy.
18. 9TH OSHDP NATIONAL CONVENTION
23-24 AUGUST 2018
MARCO POLO PLAZA, CEBU CITY