Nov 092016
With tagged as among the Top 10 emerging markets, many domestic companies are acquiring, merging or consolidating their businesses to expand their operations, increase market share, and maintain competitiveness, among others.
Under the Philippine Tax Code, gains or losses from the sale, exchange or transfer of properties are generally subject to tax. However, no gain or loss shall be recognized in case of a tax free exchange pursuant to Section 40(C)(2) of the Tax Code.