RMC 9-2013: Clarifying the taxability of association dues, membership fees and other assessments/charges
On January 29, 2013, BIR issued Revenue Memorandum Circular (RMC) No. 9-2013. The circular is issued to clarify the taxability of association dues, membership fees, and other assessments/charges collected by homeowners’ associations from its homeowner-members and other entities. Download Memorandum Circular…