Can I read BIR Ruling on TIPI Shares Transfer Tax on EtoBox?

BIR Ruling on TIPI Shares Transfer Tax by Jo Marie Santos is a document available to read on EtoBox.

What is BIR Ruling on TIPI Shares Transfer Tax about?

The BIR ruling confirms that the transfer of shares from TIPI-Delaware to TI-US and subsequently to TI-Holland, as part of a corporate reorganization, will not incur income tax due to the retention of beneficial ownership by TI-US. However, the initial transfer of shares from TIPI-Delaware to TI-US will be subject to documentary stamp tax. The ruling is contingent on the accuracy of the facts presented and may be voided if discrepancies are found.

Author

Jo Marie Santos

Language

EN