ChanRobles Virtual law Library

Philippine Tax Update - Chan Robles Virtual Law Library

This web page features the internet version of the
Tax Update
regularly issued jointly by the Tax and Financial Services Division of
Chan Robles & Associates Law Firm,
Chan Robles & Wy, CPAs,
to their respective clients and friends since 1991.

No. 84                                Series of 1998
 [Previous issue, click here]
    We wish to brief our clients and friends on  REVENUE REGULATIONS NO. 8-98 relative to the Tax Treatment on the Sale, Transfer or Exchange of Real Property and for this Purpose Revising the Time and Place of Payment of the Capital Gains Tax Due Thereon.

    These regulations shall take effect fifteen (15) days after publication in a newspaper of general circulation.

    Take note that the place of payment of the capital gains tax or creditable withholding tax as well as the issuance of the corresponding Tax Clearance (TCL) or Certificate Authorizing Registration (CAR) is reverted back to Revenue District Office (RDO) of the place where the property being transferred is located.

Back to Top   -  Back to Home   -  Back to Tax Index

Since 19.07.98 chanroblesvirtualawlibrary

ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review :

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line :