Transfer Tax

DESCRIPTION A Transfer Tax is the tax imposed on any mode of transferring the ownership of a real property, either through sale, donation, barter, or any other mode. DOCUMENTARY REQUIREMENTS 1. Tax clearance certificate of real property taxes from the City Treasurer’s Office 2. Certificate Authorizing Registration from the BIR 3. Official receipt of the … More Transfer Tax

Estate Tax

DESCRIPTION Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition. It is not a tax on property. It is a tax imposed on … More Estate Tax

Donor’s Tax

DESCRIPTION Donor’s Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer. It shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect and whether the … More Donor’s Tax

Documentary Stamp Tax (DST)

DESCRIPTION Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, right or property incident thereto. TAX FORM BIR Form 2000-OT DOCUMENTARY REQUIREMENTS Photocopy of document(s) to which the documentary stamp shall be affixed, in case of constructive affixture of Documentary Stamp … More Documentary Stamp Tax (DST)

Capital Gains Tax (CGT)

DESCRIPTION Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale. Final Capital Gains Tax for Transfer of Real Property Classified as … More Capital Gains Tax (CGT)