Good news to the amusement industry! R.A. 9640, provided a big drop of amusement tax rate from 30% maximum to now 10% maximum. This will help the industry in this trying times and will hopefully reduce our fees for amusement places.

This post covers tax implications of renting residential dwellings such as an apartment, condominium unit, and a house and lot in both sides-the lessor or owner and the lessee or tenant. Tax implication would depend on the monthly rental of such units. For every lease contract, a documentary stamp tax (DST) at the rate of [...]