About this document
Taxation of Stock Dividends Explained by Ralph Monday is a document available to read on EtoBox.
1) Stock dividends are not considered income and are therefore not taxable. Until a dividend is declared and paid out, corporate profits belong to the corporation, not individual stockholders. 2) Proper conversion rate for reporting foreign currency earnings for Philippine income tax purposes is the rate prescribed by the Bureau of Internal Revenue, not the prevailing free market rate. Philippine citizens and residents are subject to income tax on worldwide income. 3) Receipt of additional shares of stoc
- Author
- Ralph Monday
- Language
- EN