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Consumer Price Index

Revenue Regulations No. 3-2024

2024-04-17T14:03:32+08:00

This Revenue Regulation implements the amendments introduced by RA No. 11976 (Ease of Paying Taxes[EOPT] Act), on the relevant provisions of Title IV - Value-Added tax and Title V - Percentage Tax of the Tax Code of 1997, as amended. Under the Regulations, all references to "gross selling price", "gross value in money", and "gross receipts" shall now be referred to as the "GROSS SALES", regardless of whether the sale is for goods under Section 106, or for services under Section 108 of the Tax Code. The term "Invoice" will also now be used instead of Sales/Commetccial Invoices or Official Receipts. [...]

Revenue Regulations No. 3-20242024-04-17T14:03:32+08:00

Revenue Regulations No. 1-2024

2024-02-12T12:15:21+08:00

This Revenue Regulation further amends Section 2, Sub-section 4.109-1(B)(p) of Revenue Regulations (RR) No. 4-2021, as amended by RR No. 8- 2021, to implement the adjustment of the selling price threshold of the sale of house and lot, and other residential dwellings for Value-Added Tax (VAT) exemption purposes. Taken into account the Consumer Price Index (CPI) values for 2023 as published by the Philippine Statistics Authority (PSA), the new price threshold, for sale of house and lot and other residential dwellings for VAT-exemption purposes, rounded up is Three Million Six Hundred Thousand Pesos (Php 3,600,000.00) from the current threshold amount of [...]

Revenue Regulations No. 1-20242024-02-12T12:15:21+08:00
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