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Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Nov 15, 2021 tax law stock transaction tax income tax nirc tax exemption cir

Income Tax vs. Stock Transaction Tax: Tax Exemptions in the Philippines

The Supreme Court clarifies that stock transaction tax is a percentage tax, not income tax, limiting exemptions under the NIRC.