Vat Threshold 2024 Philippines. Effective january 16, 2024, the bir raised the vat exemption threshold from p3.2 million to p3.6 million for taxable sales of houses and lots and other residential dwellings. In its recently issued revenue regulation (rr) no.

Should the customer or client fail to pay the vat invoice during the quarter, 12% vat on such receivable/s from transactions that transpired upon the effectivity of the implementing rules. However, the amount of threshold will be adjusted every.