MANILA, Philippines - In any real estate investment or project, all the revenues and expenses were estimated and pre-determined at its very start or conception, serving as the basis for the acceptance or rejection of the proposed investment. The realization of the projected revenues and expenses can negatively be affected by unforeseen events. One of such is tax penalty and surcharge that can be brought about by neglect, ignorance or incapacity to pay on the part of the investor. Considering that there are frequent changes and issuances of new revenue regulations, like the new VAT Law, in addition to the renewed call for paying correct taxes on time, new and would be investors and even experienced ones should be knowledgeable and be updated on the changes in the taxation rules in order to pay the correct taxes at the right time, thus avoiding penalties.
In this regard, Urban Institute of Real Estate will conduct a seminar on Real Estate Taxation on Dec. 9, 1:30 to 6 p.m. at the Maximo Function Room, Max’s Restaurant Glorietta, G2 Park, Theatre Drive, Ayala Center, Makati City.
The lecturer is Engr. Enrico Cruz, who has more than 40 years in real estate, engineering, construction, management and education. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.
For other details or advance registration, Urban Institute may be reached at 796-8019 or 570-0973, or CP# 0916-426-9174/0921-683-9431 or by email at info@urbanet.ph or urbanet.ph@gmail.com or visit www.urban-institute.blogspot.com.