Summary
RMO No. 30-2002 authorizes BIR Form No. 1928 for processing tax treaty relief applications on gains from the sale or transfer of shares of stock in a Philippine corporation.
Key points
- Form to use. BIR Form No. 1928, Application for Relief from Double Taxation, is used for treaty relief on gains from sale or transfer of shares in a Philippine corporation. This includes gains from sale or transfer of a unit of participation in a Philippine partnership.
- Processing and certification fee. Taxpayers pay P 5,000.00 using BIR Form No. 0605 at the Revenue District Office with jurisdiction over the Philippine corporation’s place of business. Payment is made before the application is filed with the BIR International Tax Affairs Division.
- Proof of payment. Proof of payment of the fee must be submitted when the tax treaty relief application is filed.
Who is affected
- Taxpayers applying for tax treaty relief on gains from sale or transfer of shares of stock
Deadlines and effectivity
- Fee paid before filing the application with the International Tax Affairs Division
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.