How to Compute Capital Gains Tax (TRAIN LAW)

BIR Forms: tinyurl.com/sdjjjdv
Remember, capital gains tax comes from our gains from dealings of capital assets. Gain from dealings of regular assets or those not covered by CGT shall be subject to regular income tax.

So, this video tutorial talks about what capital gains taxes are; how to compute, nature of capital assets and its filing to the BIR.

For real properties: 6% on presumed gain based on fair value, BIR zonal value, assessed value or actual selling price, whichever is higher.

Shares directly sold to buyer (not traded in PSE):
Individuals & Domestic Corporation: 15% of actual capital gain
Foreign Corporation: 5% for gain 100,000 plus 10% from any excess of 100,000.

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