securities exchange commission

What every Corporation owning Real Estate Should Know !

You may have noticed my blogs have been limited for sometime now and this is due to the various real estate properties owned by our clients, relatives and friends through their CORPORATION that had to go through a process below due to the new Revenue Regulations by the Bureau of Internal Revenue and also the new requirements by the Securities Exchange Commission.  Take note that the rules and...

Requirements for a Corporation Selling Real Property in the Philippines

Case Study : A property which was named in a Corporation twenty five years ago for the purpose of ownership is now being sold.  The Corporation has no activities and has not been filing any VAT related documents.  Upon checking the TIN # with the Bureau of Internal Revenue, the Corporation is non-Vatable and is instead subject to Percentage Tax.  Since the Corporation is the owner of the...

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