Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
1. Domestic stocks sold directly to buyer |
TRAIN 15% × net gain
NIRC 5% net gain up to 100 000 10% excess net gain *NRA NETB applies two tiered cgt |
|
|
Domestic stocks sold thru PSE |
Stock Transaction Tax TRAIN 6/10 of 1% × selling price NIRC 1/2 of 1% × selling price |
|
|
2. Real property classified as capital assets located in Philippines |
6% of the highest - Selling price - Zonal value - Assessed value |
|
|
Exemptions to 6% CGT |
1. Alternative Taxation Rule Option 1: 6% CGT Option 2: Regular Tax ✔individual seller ✔buyer is government
2. Exemption under NIRC - sale of principal residence to acquire new principal residence ✔notice to BIR within 30 days ✔reacquisition within 18 months ✔availed once in every ten years 3. Exemption under Special Laws ✔Comprehensive Agrarian Reform ✔Socialized housing units by NHA |
|
|
Documentary Stamp Tax on sale of capital assets |
DST on Domestic Stocks 0.75 per 200 par value (0.00375) DST on Real Properties 15 per 1 000 (0.015) |
