Summary
RR No. 9-2018 implements the increase in the Stock Transfer Tax under RA No. 10963 (TRAIN Law). It also gives work-around filing procedures while BIR Form No. 2552 is being updated.
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Key points
- Rate increase. The Percentage Tax on sale, barter or exchange of shares listed and traded through the local stock exchange rises from 1/2 of 1% to 6/10 of 1%.
- eFPS filers. They file and pay 1/2 of 1% online using the existing BIR Form No. 2552 under ATC PT 200. They then file and pay the deficiency tax of 1/10 of 1% using BIR Form No. 0605 under ATC MC 031 (Deficiency Tax).
- eBIRForms filers. They file 1/2 of 1% using the existing form and pay online via GCash, LBEPS or BDPTO, or over the counter at Authorized Agent Banks. The 1/10 of 1% deficiency tax is filed on BIR Form No. 0605 and paid by the same options.
- Manual filers. They fill in BIR Form No. 2552 using the new 6/10 of 1% rate. They file and pay manually at Authorized Agent Banks under the RDO where they are registered.
Who is affected
- Sellers of shares listed and traded through the local stock exchange
- eFPS filers
- eBIRForms filers
- Manual filers
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.