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Tax-Free Exchange
The BIR promulgated last July 1, 2011, Revenue Regulation No. 10-2011, which amends Section 4.106-8 of RR 16-2005 as amended by RR 4-2007.  Under the said regulation, the exchange of goods or properties including the real estate properties used in business or held for sale or for lease by the transferor, for shares of stocks, whether resulting in control or not, is subject to VAT.

>>> Read the entire RR 10-2011 here.


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Tax-Free Exchange
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