The Share Transfer Tax Reduction Act lowers the tax on listed‑share sales to 0.1%, sets a 10% final tax on gains from unlisted‑share sales, removes stamp tax on listed‑share transfers, and exempts inherited shares from stamp tax after estate tax is paid, while requiring digital processing and annual reporting.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB07005. Status changes over time; check the link for the latest.
HB07005 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.