QuestionsQuestions (REVENUE REGULATIONS NO. 9-2018)
It is promulgated pursuant to Section 4 and Section 244 of Republic Act (RA) No. 8424, and Section 84 of RA No. 10963.
Section 39 of RA No. 10963.
Six-tenths of one percent (6/10 of 1%) of the gross selling price or gross value in money of the shares.
One-half of one percent (1/2 of 1%).
The seller or transferor.
No. The provision states the tax applies to every disposition of shares listed and traded through the local stock exchange other than the sale by a dealer in securities.
The gross selling price or gross value in money of the shares sold, bartered, exchanged, or otherwise disposed.
Immediately.
It repeals, amends, or modifies all existing rules and regulations or portions thereof that are inconsistent with RR No. 9-2018.
If any clause, sentence, provision, or section is held invalid or unconstitutional, the remaining parts remain effective.
They address filing and payment procedures while BIR Form No. 2552 is being updated.
They file and pay 1/2 of 1% online using the existing BIR Form No. 2552.
They file and pay the deficiency tax of 1/10 of 1% using BIR Form No. 0605.
Online via GCash, LB Eps, or BDPTo; or manually via OTC of accredited Authorized Agent Banks (AABs) under the jurisdiction of the RDO where the taxpayer is registered.
First, file 1/2 of 1% online using the existing BIR form in the eBIR Forms package and pay it via the mentioned options; second, file the deficiency tax of 1/10 of 1% using BIR Form No. 0605 and pay via the same options.
They must fill in the applicable BIR Form No. 2552 (pre-printed or downloaded from the BIR website) using the new tax rate of 6/10 of 1%, then file and pay manually via OTC of AABs under the jurisdiction of the taxpayer’s RDO.
Taxpayers initially pay the old rate (1/2 of 1%) using existing forms, then pay the deficiency (1/10 of 1%) using BIR Form No. 0605 until BIR Form No. 2552 is updated; manual filers instead compute using the new rate directly in the fill-in form.