2 weeks SC invalidates BIR circular levying taxes imposed on condo unit owners’ dues, charges MB
By Rey Panaligan  The Supreme Court (SC) has invalidated a Bureau of Internal Revenue (BIR) circular that imposes a 12 per cent value-added tax (VAT) and 32 per cent income tax on association dues, membership fees and other charges collected by condominium corporations from its members and tenants. (MANILA BULLETIN FILE PHOTO) In a decision written by Associate Justice Amy C. Lazaro Javier, the SC invalidated BIR Revenue Memorandum Circular No. 65-2012 “for ordering that ‘gross receipts of condominium corporations including association dues, membership fees, and other assessments/charges are subject to VAT, income tax and income payments made to it ... more