August 3, 2020
REVENUE REGULATIONS NO. 20-20
| SUBJECT | : | Amending Certain Provisions of Revenue Regulations No. 06-2008 Entitled Consolidated Regulations Prescribing the Rules on the Taxation of Sale, Barter, Exchange or Other Disposition of Shares of Stock Held as Capital Assets |
| TO | : | All Revenue Officials, Employees and Others Concerned |
SECTION 1. Scope. — Pursuant to the provisions of Section 244 of the National Internal Revenue Code of 1997 (Tax Code), as amended, in relation to Sections 24 (C), 25 (A) (3), 25 (B), 27 (D) (2), 28 (A) (7) (c), 28 (B) (5) (c) of the Tax Code, these Regulations are hereby promulgated to amend certain provisions of Revenue Regulations (RR) No. 6-2013, in relation to RR No. 6-2008, relative to the imposition of tax for the sale, barter, exchange or other disposition of shares of stock not traded through the Local Stock Exchange.
SECTION 2. Amendment. — Section 7 of RR No. 06-2008, as amended by RR No. 6-2013, is hereby amended to read as follows:
"SEC. 7. Sale, Barter or Exchange of Shares of...
