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This web
page
features the internet version of theTax
Updateregularly
issued
jointly by the Tax and Financial Services Division ofChan
Robles & Associates Law Firm,andChan
Robles & Wy, CPAs,to their
respective
clients and friends since 1991.
 TAX
UPDATENo.
84
Series of 1998 [Previous issue, click
here]
TOPIC
| REVENUE MEMORANDUM CIRCULAR NO.
8-98 |
We wish to brief our clients and
friends
on REVENUE REGULATIONS NO. 8-98 relative to the Tax Treatment on
the Sale, Transfer or Exchange of Real Property and for this Purpose
Revising
the Time and Place of Payment of the Capital Gains Tax Due Thereon.
These regulations shall take
effect
fifteen (15) days after publication in a newspaper of general
circulation.
Take note that the place of
payment
of the capital gains tax or creditable withholding tax as well as the
issuance
of the corresponding Tax Clearance (TCL) or Certificate Authorizing
Registration
(CAR) is reverted back to Revenue District Office (RDO) of the place
where
the property being transferred is located. Back
to Top - Back
to Home - Back
to Tax Index
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