Payments for condominium dues are not taxable income of a condominium corporation and therefore not subject to withholding tax.

Association/condominium dues, membership fees and other assessment/charges collected from the members, which are merely held in trust and which are to be used solely for administrative expenses in implementing their purposes, viz., to protect and safeguard the welfare of the owners, lessees and occupants; provide utilities and amenities for their members, and from which the corporation could not realize any gain or profit as a result of their receipt, must not be included in said corporation’s gross income. This means that the same are not subject to income tax and to withholding tax. [Officemetro Philippines (formerly Regus Centres, Inc.) vs. Commissioner of Internal Revenue, CTA Case No. 8383, June 3, 2014]