Capital Gains Tax Rate 2024 Philippines

Capital Gains Tax Rate 2024 Philippines

Capital Gains Tax Rate 2024 Philippines. Capital gains tax in the philippines is levied at a rate of 15% on real estate and stock sales. This rate applies to the gross selling price, the bureau of internal revenue (bir) zonal valuation, or the property’s fair.


Capital Gains Tax Rate 2024 Philippines

To calculate your capital gains tax in the philippines, you’ll apply a 6% rate to either the property’s gross selling price or its fair market value, whichever is higher. Taxable income is the portion of an individual’s or corporation’s income used to calculate how much tax they owe to the government in a specific tax period.

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