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I have read this law, but not seen the tax form, and find the info text unclear at a very important part.
Is it
A. Percent of the PROFIT?
B. or percent of the SOLD SUM?
Perhaps politicians think when having shares and sell them, then capital is "gained" forgeting the shares are lost. Have they?
The text at the BIR page tell much, but don't tell percent of what, and it can be hard to guess how politicians thinkCapital Gains Tax for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange
...
For Shares of Stocks Not Traded in the Stock Exchange
- Not over P100,000 - 5%
- Any amount in excess of P100,000 - 10%
Is it
A. Percent of the PROFIT?
B. or percent of the SOLD SUM?
Perhaps politicians think when having shares and sell them, then capital is "gained" forgeting the shares are lost. Have they?
