What taxes and fees apply when buying property in the Philippines?

What taxes and fees apply when buying property in the Philippines?

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.