VAT Exempt Sales and Transactions under Section 109(O) to 109(R) NIRC, Episode 3 of 4

[@enricotabag]

NOTE: Sale of real property for "commercial use" is subject to vat as "DISCUSSED AND EMPHASIZED" by yours truly in this video in "47:04". However, pardon because the ppt shows it's exempt. My apologies. From our ppt kasi yan ng "NOT for sale in the ordinary course", hindi ko napalitan when I change the not for sale in the ordinary course to. "commercial". Thank you for all your support and God bless.

[@christinenaguiat166]

Thanks sir :)

[@gotejerkrisheleg.8171]

Buti sir naclarify hehe

[@enricotabag]

@@gotejerkrisheleg.8171 👍😅

[@kezia9229]

Very passionate explanation, sir. Pag-mahal mo, ipaglaban mo 😭

[@knarfyonac5492]

Thank you so much, Sir Tabag! Natapos ko na po panoorin lahat ng lectures niyo, malaking tulong po sa prerev tsaka sa upcoming review ko 😁😁 Naliliwanagan na ako sa Tax. God bless po, Sir! 😄😄

[@enricotabag]

You're most welcome! Please don't forget to like, share and subscribe to my KZbin Channel for more updates and for more upcoming videos. Stay safe and Good luck! :)

[@rodielalejandro1444]

Thank you for this video sir it was really a help in our Business tax subject that we're taking this semester!

[@enricotabag]

You're welcome Rodiel and thank you too for your support.

[@aaashoks]

Perfect combo po yung video nyo at texbook & reviewer. Napaka solid po talaga. Godbless po. E rerecommend ko po to sa mga friends ko. Sana'y mag upload pa po kayo ng madaming discussions sa taxation. Salamat po

[@enricotabag]

Thank you for your support, Alrizh! Glad it was helpful. Please don't forget to like, share and subscribe to my KZbin Channel for more updates and for more upcoming videos. Stay safe! :)

[@elyseamoracamero7801]

Super helpful sir! Especially alongside your Transfer and Business Taxation book :)

[@enricotabag]

Glad it was helpful, Elyse! Please don't forget to like, share and subscribe to my KZbin Channel for more updates and for more upcoming videos. Stay safe! =)

[@enselindong]

Thank you sir💙

[@enricotabag]

You're welcome Jenzelle and thank you too for your support.

[@rimartripoli5813]

Thanks, sir ❤️

[@enricotabag]

Most welcome, Rimar! Please don't forget to like, share and subscribe to my KZbin Channel for more updates and for more upcoming videos. Stay safe! :)

[@erenlevi4845]

Thank You Po Sir. ❤️

[@enricotabag]

You're welcome, Yuki 😊 Please don't forget to like, share and subscribe to my KZbin channel for more updates and for more upcoming videos. Stay safe! :)

[@jerometapaoan6202]

from intro (video1) till 8th, pinakaNaenjoy ko to. HAHAHA sobrang aliw mga side stories and examples. I'm vouching for this channel sa socmed account ko to share it with co-reviewees for CPALE pati narin sa mga undegrad na nahihirapan sa Tax.

[@enricotabag]

Thank you Jerome. Stay safe and God bless

[@enricotabag]

Yes you can share the "link" of our YT channel. Good luck to all

[@shanjeromesamoy2674]

Just to help lang po kung bakit nagkakagulo ang mga authors with regards to the interpretation of Section 109 (P). This is also just my humble opinion po para lang maintindihan all sides. I hope makatulong din. Tax Code prevails over RR this is conclusive, However, under the law we follow this principle of Operative Fact Doctrine, under this doctrine despite the fact na ang Administrative Rules and Regulation ay in conflict with the statutory law the law will still recognize its existence bago ito madeclare na unconstitutional. In short lahat ng act na sumunod sa RR despite it's unconstitutionality will be generally considered valid as a matter of equity consideration. This also means na hanggat walang magquestion ng RR the BIR may still apply it and the people are bound to follow it. (this is probably the basis of other authorities) Although wala pa pong definite ruling when it comes to this specific provision, this principle po is used by the Supreme Court in almost all unconstitutional laws especially in Film Development Council v. Colon Heritage Realty, so open pa po talaga sya for discussion of whether the court will apply this in this particular provision if may magquestion man sa RR. Anyway I'm a law student po and I watch your videos sir kasi very informative nya for my tax subject and madali intindihin compared sa mga books namin in law school. Thank you so much sir!

[@nfjpiadwcb-chapter2694]

Thank you so much, Sir Tabag! God bless po !

[@enricotabag]

You're welcome. Good luck sa inyo and stay safe.

[@davecanaan9912]

Thank sir tabag..malaking tulong po to sa akin..more power to your channel and god bless po..

[@enricotabag]

Thanks Dave

[@aliyahlacson1177]

Marathon po talaga po, my last one for tonight though. Bukas naman yong iba. Yes po it’s helpful to simplify the topic, thankyouuu sir big help. 😌💯

[@enricotabag]

God bless Charlie and keep safe always.

[@enricotabag]

CPA Reviewer in Taxation (2020 edition) by yours truly will be available next week June 5, 2020! for those who are interested, please drop a message to our official account, edtbookshop.com Thanks everyone for all your support. God bless and stay safe. 😍

[@gelynarevalo]

Hi Sir, sobrang detailed po ng discussions! thank you po!! :) Also, mag rerelease po ba kayo ng 2021 edition ng CPA reviewer in taxation?

[@enricotabag]

Thank you too, Georgette! Yes, mag rerelease kami ng 2021 Edition ng CPA Reviewer in Taxation. Maybe summer kami makapag release ng book! :)

[@marcojosesiongcocpa7313]

Yes tama ka sir Tabag the Tax Code prevails over RR

[@mabs4415]

Legend Galing po ng discussions niyo Sir sana po macover nio lahat ng CPALE exams topics :) Thank you po

[@enricotabag]

Yes Mabs I'll try my best. Thank you for the support. Please share our channel too and good luck!

[@aletheiaveritas8590]

Thank you po sir, magandang kapartner po ito ng books nyo, ang ginagawa ko po basa muna ng book tapos nood ng discussion then sagot ng chapter exercises.

[@enricotabag]

Yes Aletheia, ganyan na dapat magiging new normal natin when you buy my books!😅 ready narin sa classroom before pa magdiscuss yung Prof🙂

[@jonathanbicad6569]

Thank you sir

[@enricotabag]

You're welcome Jonathan! Stay safe.

[@manuelarcenas454]

Na-confuse din po ako regarding Sec. 109(P) sir because of interpretations of some authors. However, there is actually jurisprudence regarding the conflict between statutes and regulations. In the case of Fort Bonifacio Development Corporation v. CIR, (G.R. No. 175707, November 19, 2014) the Supreme Court ruled that: "The rules and regulations that administrative agencies promulgate, which are the product of a delegated legislative power to create new and additional legal provisions that have the effect of law, should be within the scope of the statutory authority granted by the legislature to the objects and purposes of the law, and should not be in contradiction to, but in conformity with, the standards prescribed by law. To be valid, an administrative rule or regulation must conform, not contradict, the provisions of the enabling law. An implementing rule or regulation cannot modify, expand, or subtract from the law it is intended to implement. Any rule that is not consistent with the statute itself is null and void. While administrative agencies, such as the Bureau of Internal Revenue, may issue regulations to implement statutes, they are without authority to limit the scope of the statute to less than what it provides, or extend or expand the statute beyond its terms, or in any way modify explicit provisions of the law. Indeed, a quasi-judicial body or an administrative agency for that matter cannot amend an act of Congress. Hence, in case of a discrepancy between the basic law and an interpretative or administrative ruling, the basic law prevails." Therefore, in my own humble opinion, the thresholds to be used are those in conformity with the letters of the law, i.e. 1,500,000 and 2,500,000 respectively. *please do correct me if im wrong hehe im open to constructive criticisms naman thank you :)

[@enricotabag]

Thanks Manuel

[@Rossybells96]

Maraming salamat po Sir!

[@enricotabag]

You're welcome Rosemarie! Stay safe.

[@luchieoyando1257]

Thank you so much sir. I highly recommend your "CPA reviewer in taxation" book. Ang ganda po plus sobrang dami ng quizzer.

[@enricotabag]

Thank you Luchie!💖 Yes madaming quizzers para macover lahat ng possible scenarios🙂

[@mrysecpa]

Thankyouuuu sir!

[@enricotabag]

You're welcome Storm Rose. Please share our channel to all your friends who may also benefit from watching our videos. Thanks

[@BoyTsamba]

sang ayon po ako sa inyo na mas sundin ang law kaysa regulation. salamat po.

[@shielaancheta4599]

Thank you Sir! Ilocano po pala kayo😊

[@enricotabag]

Hi Shiela, wen natangkenan and proud Ilokano!

[@sunnychen6331]

Sir ask ko lang po if tama ba yung pagka intindi ko. (1.Sale of real property used in the ordinary course of business= Vatable) (2. Sale of real property not primarily held for sale in the ordinary course of business= Exempt from Vat) Tama po ba? Salamat po.

[@cyrilniemes1185]

Thank you sir 😀

[@enricotabag]

Thanks cyril

[@kherrlynamistoso3000]

Thank you Sir!!!😊

[@enricotabag]

Thanks Kherrlyn

[@gotejerkrisheleg.8171]

Intense yung ep. 3 of 4 haha. Btw, Tama ka sir mag 2021 naman na kaya wala ng pag aawayan

[@enricotabag]

Masaya siguro ako masyado that day, hehe. Thanks and keep safe.

[@askmiya650]

Big help po ito. 💕

[@enricotabag]

Thanks Asmiya

[@leahcoloma8191]

Hi Sir, im interested to buy cpa reviewer in taxation 2020 edition. May pre order po kayo?

[@enricotabag]

Hi Leah, you can message our staff thru edtbookshop.com Thank you

[@leahcoloma8191]

@@enricotabag Hi Sir. Thank you so much. Daming learnings every episode 😊😊

[@leahcoloma8191]

Hi Sir, question lang po re VAT Exempt Transac. Sa Lease of residential unit with a monthly rental not exceeding, 10k or 15k? Thank you. Sa page po kasi ng BIR is 10k?

[@marileesalastimbol2319]

Thanks, Sir!

[@enricotabag]

Thanks Miss Lee

[@jeb.c.1063]

So come 2021, 2M na rin po ba threshold ni residential lot or VATable na po siya? Tama po ba na intention ng law ay included na si "residential lot" sa "house and lot and other residential dwellings?" Or no? Thanks sir

[@enricotabag]

JE B.C. hindi kasi tayo pwede mag-add or delete and assume. If ano provided by law, yun lang. "house and lot and other residential dwellings" ang nasa list, not "residential lot" only.so if wala sa list ng vat exempt, magiging vatable na dapat.tnx

[@marianoechieelegarle8523]

Same sentiments po sir while watching the ppt on that part kasi nawala yung residential lot so assumed na po na vatable na yung residential lot by 2021 din pagkaintindi ko, so humanap muna ako if may nagtanong dito sa comments about that part. Thanks for the enlightenment.

[@markborja16]

Hi sir tabag, there is a posibility po ba if the entity is vat registered and the residential lot or house and lot did not exceed the threshold, are they automatically to pay vat? thanks for the big help sir. :D

[@enricotabag]

Hi Mark, #1. Dapat real estate dealer si taxpayer-seller #2.irrespective of #1 however, very clear naman na if what was sold ay "residential" at pasok sa exemption, then exempt parin otherwise walang silbi listahan natin ng vat exempt items. The vat registration will apply to those items not specifically exempt under the law

[@markborja16]

Sir@@enricotabag thank you very much sir clear na po. Thank you again sir you are such a great teacher helping us (reviewees) to aim our goal. God Bless you Sir and more views pa. :)

[@enricotabag]

@@markborja16 you're welcome! Good luck and stay safe.

[@mariolozano3130]

Sir meron ba sa national yang Income taxation 20th edition?

[@enricotabag]

Hi Mario, my books are available at edtbokshop.com Thank you

[@shanesseavery3430]

Sir, Just wanna ask. May right po ba si BIR magupdate ng Fair Values? If yes po, would it be enough reason para gamitin yung 1919500 and 3199200 na threshold?

[@enricotabag]

Shanesse magkaiba naman yung right ni BIR to adjust "zonal values" versus pag-set ng "vat threshold". Si legislative branch (Congress) ang may right as to the latter. Don't be confused with the 2. Nonetheless, as emphasized in my discussion, you can choose the P1,919,500 and P3,199,200 if doon ka comfortable. Thanks

[@shanesseavery3430]

@@enricotabag Ah Okay po Sir. Thank you po 😊 tinanong ko po kasi Prof ko dati tapos yan sagot niya kaya natanong ko po dito hehe

[@jonathanbicad6569]

Thank you sir

[@enricotabag]

Thanks Jonathan

[@geraldoaves1960]

Thank you sir.

[@enricotabag]

Thank you too Geraldo!