ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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Section 1.
"(g)
Not over P100,000
Over P100,000
Provided, however, That sale of shares of stock listed and traded
through a local stock exchange shall be taxed at one-fourth of one
percent of the gross selling price of the share or shares of stock
sold.
"The taxes herein imposed shall
be collected, paid and remitted in a manner provided for by regulations
to be promulgated by the Minister of Finance, within thirty days from
the approval of this Act, upon the recommendation of the Commissioner
of Internal Revenue and/or the Chairman of the Securities and Exchange
Commission. Such rules and regulations shall take effect fifteen days
following its publication in a newspaper of general circulation in the
Philippines."
Sec. 2. Since 19.07.98.
Approved: March 25, 1982. (P.B.
No. 1844)
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