Capital Gains Tax Philippines 2024. The sale, exchange or disposition of lands and/or buildings that are not actually used in the business of a corporation and are treated as capital assets is subject to 6% capital gains. The capital gains tax on real property in the philippines is set at a flat rate of 6%.
Filing capital gains tax in the philippines is critical to running a business, as cgt are based on the income you earn from trading capital assets. As a capital asset, net capital gains derived from sale or exchange are subject to ordinary income tax after considering the holding period in proper cases;.
Capital Gains Tax Philippines 2024 Images References :