Lisha Philipa

Capital Gains Tax Rate 2024 Philippines Real Estate. This tax is calculated based on the higher value between the sale price or the fair market value of the asset. Cgt in the philippines is levied at a rate of 6% of the gross selling price or fair market value, whichever is higher.

When selling a property in the philippines, the seller is typically responsible for paying the capital gains tax (cgt) and the documentary stamp tax (dst). The capital gains tax on real property in the philippines is set at a flat rate of 6%.