An Act Exempting Membership Fees, and Other Assessments/Charges Collected by Condominium Corporations From Value-Added Tax, Amending for the Purpose Section 109 (1) of the National Internal Revenue Code, As Amended, And For Other Purposes

• Exempts membership fees and other assessments/charges collected by Condominium Corporations from the Value-Added Tax (VAT)
• Condominium corporations do not render services for a fee but merely act as managers and trustees of the association dues and fees to be used for maintenance and expenses for utilities
• These fees do not constitute income payments or remuneration for services rendered by the condominium corporation. Hence, should not be subject to VAT

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