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Saturday, February 18, 2012

WHAT IS A CAPITAL GAINS TAX?

Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale.(Excerpts from Source : http://www.bir.gov.ph/taxinfo/tax_capgin.htm)

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