The respondents were slapped with a total of P7.77 million in tax liabilities that include withholding taxes at P2.39 million; documentary stamp taxes
, P599,906.71; and value-added tax, P4.78 million.
Dulay of the Bureau of Internal Revenue (BIR) has allowed revenue collection officers (RCOs) in district offices nationwide to accept tax payments pertaining to the so-called one-time transaction taxpayer (ONETT) like capital gains, donor's, estate and documentary stamp taxes
Egypt's Finance Minister Al-Morsi Hegazy stated that the government had also placed "1/1000″ stamp taxes
on daily stock market exchanges, in conjunction with a new tax on coupon dividends, a waiver of bonus shares, and the preservation of its tax on mergers and divestitures.
Val Culley, ACCA spokesperson for the West Midlands, said: 'Any purchaser of property must deliver a Land Transaction Return to the Inland Revenue Stamp Taxes
Office within 30 days after the date of the transaction.
Internal revenue taxes, meanwhile, refer to taxes imposed by BIR such as income taxes, estate and donor's taxes, value-added tax, excise taxes, and documentary stamp taxes
The court noted that BBCC had earlier secured a ruling from the BIR that the transfer was not subject to income, creditable withholding and documentary stamp taxes
as the deal did not realize gains or loss.
A total of P2.26 trillion must be collected by the BIR from its operations, while the take from non-BIR operations (including final withholding and documentary stamp taxes
from government securities transactions) is programmed to reach P73.2 billion.
The deficiency tax assessment covered alleged income and documentary stamp taxes
for 2009.(Jun Ramirez)
Excluding taxes and licenses-which rose by 41 percent as a result of higher business volumes and increased documentary stamp taxes
under the new tax program-operating expenses would have grown by 13 percent.
The Paranaque revenue district office issued Certificate Authorizing Registration (CAR) after Gaw paid the six and 1.5 percent capital gains and documentary stamp taxes
The yield on interest-earning assets improved by 49 basis points, partially offset by a 34-basis point increase in the cost of funds, owing to higher documentary stamp taxes
, higher time deposit rates, and an increase in other borrowings.
The assessment covered deficiency income, value-added and expanded withholding and documentary stamp taxes
, plus interest and surcharges for the year 2010.