Bill Type
Congress Name
Long Title
FULL TITLE : AN ACT PROHIBITING THE IMPOSITION OF THE CAPITAL GAINS TAX ON THE TRANSFER OF TAX DECLARATION, AMENDING FOR THE PURPOSE SECTION 24 (D) AND 27 (D) OF REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997
Text as filed (link)
Date filed
May 3, 2017
Scope
Legislative History
| House Bill/Resolution NO. HB05520 |
| FULL TITLE : AN ACT PROHIBITING THE IMPOSITION OF THE CAPITAL GAINS TAX ON THE TRANSFER OF TAX DECLARATION, AMENDING FOR THE PURPOSE SECTION 24 (D) AND 27 (D) OF REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997 |
| ABSTRACT : This bill specifically clarifies that the CGT should not be levied on the transfer of tax declaration in order to protect the tax paying public from unnecessary payments. |
| PRINCIPAL AUTHOR/S : ALVAREZ, PANTALEON D. |
| DATE FILED : 2017-05-03 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2017-05-08 |
Abstract
This bill specifically clarifies that the CGT should not be levied on the transfer of tax declaration in order to protect the tax paying public from unnecessary payments
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.