Tax Updates July 2022 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S) Vol. 18) - Tax Authorities - Philippines - Mondaq

No. The stock transaction tax is not an income tax but a percentage tax. The exclusion from gross income under Section 32(B)(7)(a) of the NIRC applies only to income tax under Title II of the...

1. Is the stock transaction tax an income tax? If yes, will the exclusion from gross income under Section 32(B)(7)(a) of the Republic Act No. 8424, as amended, otherwise known as the National Inte… [+32837 chars]

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