BusinessWorld
Transfer process for club shares simplified by BIR
THE Bureau of Internal Revenue (BIR) said it is streamlining the process for nominee transfers of proprietary club shares. In a statement on Wednesday, the BIR said it issued Revenue Memorandum Circular 72-2026, clarifying the tax treatment of nominee transfers of proprietary club shares that do not involve any change in beneficial ownership. The circular […]
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Source: bworldonline.com
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