PEZA-reg Entity sold its Building to Another PEZA-reg Entity, Is the sale subject to VAT, withholding tax and regular income tax?

PEZA-reg Entity sold its Building to Another PEZA-reg Entity, Is the sale subject to VAT, withholding tax and regular income tax?

The BIR Chief, Ms. Kim Henares ruled, in the case of STMI, that the sale of unregistered goods or properties is subject to withholding tax and thus, to regular income tax because only those goods and properties explicitly stated to be subject to preferential rate or income tax holiday (ITH) are exempt from withholding tax and regular income tax. For VAT purposes, the sale is also subject to VAT at 0% percent.

Moral lesson is this 'Before selling any good or property inside the PEZA area, have it first registered.'

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Thanks for sharing this.