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Transfer Tax Muntinlupa

The document outlines the transfer tax procedure for Muntinlupa City. The transfer tax is 1% of the total consideration or fair market value, whichever is higher, for the transfer of real property through sale, donation, or other means. To pay the tax, taxpayers must present the deed to the Business Tax & Miscellaneous section within 60 days of execution, where they will compute and collect the tax. Failure to pay on time will result in a 25% surcharge plus 1% monthly interest on the original amount. Documents needed include copies of title, deed, CAR, receipt, clearance, and declaration.

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Marianne Tubay Macarilay
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1K views1 page

Transfer Tax Muntinlupa

The document outlines the transfer tax procedure for Muntinlupa City. The transfer tax is 1% of the total consideration or fair market value, whichever is higher, for the transfer of real property through sale, donation, or other means. To pay the tax, taxpayers must present the deed to the Business Tax & Miscellaneous section within 60 days of execution, where they will compute and collect the tax. Failure to pay on time will result in a 25% surcharge plus 1% monthly interest on the original amount. Documents needed include copies of title, deed, CAR, receipt, clearance, and declaration.

Uploaded by

Marianne Tubay Macarilay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MUNTINLUPA CITY - Transfer Tax

This is imposed when transfer of real property is involved whether by sale, donation, barter or any other
mode of transfer at the rate of 1% of the total consideration in the acquisition of the property or of the
fair market value in case the monetary consideration involved in the transfer is not substantial,
whichever is higher.

Business and Miscellaneous Section, Treasurer’s Office

Ground Floor, Main Building, City Hall of Muntinlupa

PROCEDURE:

1. Present to the chief of the Business Tax & Miscellaneous section any deed transferring the
property
2. Computes tax due
3. Issue official receipt upon payment

When to pay

The tax is due within sixty (60) days from the date of the execution of the deed or from the date of the
property owners date and payment shall be the duty of the seller, donor, transferor, executor or
administrator.

Penalty:

Non-payment within the time required shall subject the taxpayer to a surcharge of 25% of the original
amount plus an interest of 1% per month.

Documents Needed:

1. Copy of Title
2. Deed of Sale/Donation
3. CAR
4. Receipt of Transfer Tax
5. Tax Clearance
6. Tax Declaration

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