Who are liable to pay the creditable withholding tax?

The following are liable to pay the CWT:

  1. 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);
  2. Seller or transferor of real property classified as ordinary assets not habitually engaged in real estate business.

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