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BIR RULING (DA - (I-036) 395-08) : Nitura Malabanan Lagunilla Mendoza & Gaddi Attorneys-at-Law by Carlo Alfonso is a document available to read on EtoBox.

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The document discusses the tax implications of a corporation dissolving and returning its assets to its sole shareholder. It confirms that the transfer from the corporation to the shareholder is not subject to taxes as it is a return of capital rather than a sale. Any gain realized by the shareholder from the assets would be subject to capital gains tax.

Author

Carlo Alfonso

Language

EN