What taxes and fees apply when buying property in the Philippines?
Buyers should budget for: Documentary Stamp Tax (1.5% of selling price or zonal value), Transfer Tax (0.5–0.75% depending on locality), Registration Fee (~0.25%), and notarial fees. Capital Gains Tax (6%) is typically shouldered by the seller. For new units from developers, VAT (12%) is usually included in the listed price. Total closing costs for buyers typically range from 3–5% of the property value.