The proposed “99-Year Lease Law” aims to attract foreign investment in the Philippines by extending lease terms for foreign investors. However, concerns arise over potential impacts, such as reduced land availability for locals, increased housing costs, and risks to agriculture and food security. Critics argue it may lead to foreign dominance over land, undermining national interests. Real estate stakeholders must navigate these challenges while advocating for balanced policies to protect the rights of Filipinos and promote sustainable growth.
Tag Archives: RESP
Essential Guide to Paying Professional Tax Annually
As the new year begins, real estate practitioners in the Philippines must prioritize legal compliance, particularly the payment of the professional tax mandated by Local Government Code. This tax, applicable to all licensed professionals, must be paid annually by the end of January. Compliance ensures the right to practice nationwide without additional penalties. Professionals are also exempted from business permits from the LGU once the professional tax has been paid.
Unlocking Success: Why Registering with the BIR is Non-Negotiable for New Real Estate Salespersons
The post outlines the requirements for new real estate practitioners to register with the BIR in compliance with the National Internal Revenue Code. It details the steps and documents needed for registration, emphasizing the importance of tax compliance and its impact on national development. Atty. Jojo stresses the significance of adhering to tax laws for new real estate salespersons.
Reminders as 2024 Rolls In
The post emphasizes the importance of regulatory compliances for real estate service professionals, including the need for Professional Tax Receipts, BIR registration renewal, and DHSUD accreditation. Atty. Jojo, a real estate attorney and broker, urges practitioners to adhere to these requirements to maintain legal compliance and professional identity in the industry.
7 Steps to Start a Successful Real Estate Brokerage in the Philippines
To succeed in the real estate service sector in the Philippines, aspiring entrepreneurs must be persistent, passionate, and prepared to navigate regulatory and operational challenges. This article provides a roadmap for establishing a successful brokerage by following 7 steps.
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