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Date: Dec. 23, 2020, 12:36 p.m.

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Date: 2020-12-23 13:22:32.000000

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Date: 2021-01-11 09:29:30.000000

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Adjustments to VAT Exempt Thresholds

Published by National Tax Research Center(NTRC) on Dec. 23, 2020.
Requested from NTRC by A. Pedroso at 12:36 PM on Dec. 23, 2020.
Purpose: To clarify the content
Date of Coverage: 01/01/2018 - 12/23/2020
Tracking no: #NTRC-653156914255

K.GO Dec. 23, 2020, 12:36 p.m.

Hello, My name is Kerwin Davis Go and I came across your publication Tax Changes You Need to Know on RA 10963 (TRAIN) pdf file. Under Adjustments VAT Exempt Threshold it states from P3,199,200.00 to P2,000,000.00 on sale of house and lot... beginning January 1, 2021. Shouldn't this be from P2,500,000.00 to P2,000,000.00? Sincerely yours, Kerwin Go

M.CARO Dec. 23, 2020, 1:22 p.m.

December 23, 2020 Dear Kerwin Davis, Thank you for your request dated Dec 23, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Adjustments to VAT Exempt Thresholds. We received your request on Dec 23, 2020 and will respond on or before Jan 13, 2021 12:36:29 PM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHgsSB0NvbnRlbnQiEU5UUkMtNjUzMTU2OTE0MjU1DA, for request with ticket number #NTRC-653156914255. Thank you. Respectfully, Ma. Rhea Caro FOI Officer

B.AMURAO Jan. 11, 2021, 9:29 a.m.

January 11, 2021 Dear Kerwin Davis Go, Greetings! Thank you for your request dated Dec 23, 2020 12:36:29 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Adjustments to VAT Exempt Thresholds. Response to Request Please see attached official NTRC response to your request. Thank you. Respectfully, MA. BERLIE L. AMURAO FOI Decision Maker

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