Capital Gains Tax on the Sale of Shareholdings, When Due
BIR Ruling No. 235-81 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 16, 1981
Full text
November 16, 1981 BIR RULING NO. 235-81 34-g 000-00 235-81 Sime Darby International Tire Company, Inc. P.O. Box 425, M.C.C. Makati, Metro Manila Attention: Mr . F . S . Barles, Jr . Manager, Corporate Affairs Gentlemen : In reply to your letter dated November 12, 1981, I have the honor to inform you that pursuant to Section 8 of Revenue Regulations No. 14-80 as amended by Revenue Regulations No. 4-81, implementing Section 54(g) of the Tax Code, as amended by Presidential Decree No. 1739, the tax or the capital gains realized by Atty. Manuel C. Chan and his family from the sale in September, 1981 of their shareholdings in Sime Darby International Tire Company, Inc. (formerly B.F. Goodrich Philippines, Inc.) to Sime Darby Far East Limited is due on or before April 15, 1982. cd Very truly yours, RUBEN B. ANCHETA Acting Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.