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    Date Issued Pertinent Provisions Note Revenue Regulation 016-12

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    Tina Reyes-Battad
    This document outlines provisions from several Revenue Regulations issued between 2012 and 1982. The regulations specify that no sale, exchange, transfer, or similar transaction of stock ownership or title can be registered in a corporation's books unless the receipt of tax payment is filed with and recorded by the stock transfer agent or corporate secretary. Failure to comply with these requirements by any responsible party may result in penalties pursuant to the National Internal Revenue Code.

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    Date Issued Pertinent Provisions Note Revenue Regulation 016-12

    Uploaded by

    Tina Reyes-Battad
    32 views4 pages
    This document outlines provisions from several Revenue Regulations issued between 2012 and 1982. The regulations specify that no sale, exchange, transfer, or similar transaction of stock ownership or title can be registered in a corporation's books unless the receipt of tax payment is filed with and recorded by the stock transfer agent or corporate secretary. Failure to comply with these requirements by any responsible party may result in penalties pursuant to the National Internal Revenue Code.

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    Random RRs issued by BIR

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    This document outlines provisions from several Revenue Regulations issued between 2012 and 1982. The regulations specify that no sale, exchange, transfer, or similar transaction of stock ownership or title can be registered in a corporation's books unless the receipt of tax payment is filed with and recorded by the stock transfer agent or corporate secretary. Failure to comply with these requirements by any responsible party may result in penalties pursuant to the National Internal Revenue Code.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    32 views4 pages

    Date Issued Pertinent Provisions Note Revenue Regulation 016-12

    Uploaded by

    Tina Reyes-Battad
    This document outlines provisions from several Revenue Regulations issued between 2012 and 1982. The regulations specify that no sale, exchange, transfer, or similar transaction of stock ownership or title can be registered in a corporation's books unless the receipt of tax payment is filed with and recorded by the stock transfer agent or corporate secretary. Failure to comply with these requirements by any responsible party may result in penalties pursuant to the National Internal Revenue Code.

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    Attribution Non-Commercial (BY-NC)
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    of 4

    Revenue Regulation 016-12

    DATE ISSUED 7 December 2012

    PERTINENT PROVISIONS SECTION 5. Effect of NonPayment of Tax. No sa e! exc"an#e! transfer or s$m$ ar transact$on $nten%e% to con&ey o'ners"$( of! or t$t e to any s"are of stoc) s"a be re#$stere% $n t"e boo)s of t"e cor(orat$on *n ess t"e rece$(ts of (ayment of t"e taxes "ere$n $m(ose% $n t"e $nstances "ere$n s(ec$f$e% an% t"e Cert$f$cate +*t"or$,$n# -e#$strat$on .C+-/ an%0or Tax C earance Cert$f$cate .TC1/ *n%er (ert$nent -e&en*e -e#* at$ons an% $ss*ances are f$ e% '$t"! an% recor%e% by t"e stoc) transfer a#ent or secretary of t"e cor(orat$on. It s"a be t"e %*ty of t"e aforesa$% (ersons to $nform t"e 2*rea* of Interna -e&en*e .2I-/ any case of non(ayment of tax. SECTION 7. Pena Pro&$s$ons. T"e fo o'$n# s"a be (*n$s"e% $n accor%ance '$t" t"e (ro&$s$ons of T$t e 3! C"a(ters I an% II of t"e NI-C! as amen%e%4 +/ +ny stoc) transfer a#ent or secretary of t"e cor(orat$on or t"e stoc)bro)er '"o ca*se% t"e re#$strat$on of transfer of o'ners"$( or t$t e on any s"are of stoc) '$t"o*t "a&$n# been f*rn$s"e% '$t" t"e rece$(ts of t"e (ayment of t"e taxes %*e an%

    NOTE

    Revenue Regulation 06-08

    2 7ay 2008

    corres(on%$n# C+-0TC1 an%0or "as recor%e% t"e same5 2/ +ny res(ons$b e %$rector! cor(orate off$cer! (artner or em( oyee '"o fa$ s to s*bm$t t"e re(orts re6*$re% *n%er t"ese -e#* at$ons. SECTION 11. Effect of Non-Payment of Tax. No sa e! exc"an#e! transfer or s$m$ ar transact$on $nten%e% to con&ey o'ners"$( of! or t$t e to any s"are of stoc) s"a be re#$stere% $n t"e boo)s of t"e cor(orat$on *n ess t"e rece$(ts of (ayment of t"e tax "ere$n $m(ose% $s f$ e% '$t" an% recor%e% by t"e stoc) transfer a#ent or secretary of t"e cor(orat$on. It s"a be t"e %*ty of t"e aforesa$% (ersons to $nform t"e 2*rea* of Interna -e&en*e $n case of non(ayment of tax. +ny stoc) transfer a#ent or secretary of t"e cor(orat$on or t"e stoc)bro)er! '"o ca*se% t"e re#$strat$on of transfer of o'ners"$( or t$t e on any s"are of stoc) $n &$o at$on of t"e aforement$one% re6*$rements s"a be (*n$s"e% $n accor%ance '$t" t"e (ro&$s$ons of T$t e 3! C"a(ters I an% II of t"e Tax Co%e! as amen%e%.

    C ar$f$e% by Revenue Memo an!um "i #ula $%-12 Iss*e% on 9 +*#*st! 20124 :SECTION 11. Effect of Non-Payment of Tax. xxx *n ess t&e e#ei't( o) 'a*ment o) t&e ta+ &e ein im'o(e! i( )ile! ,it& an! e#o !e! -* t&e (to#. t an()e agent o (e# eta * o) t&e #o 'o ation/ xxx; "la i)i#ation In or%er to transfer o'ners"$( of s"ares of stoc) not tra%e% $n t"e Stoc) Exc"an#e! $t $s necessary to sec*re a C+(*rs*ant to t"e (rocess a$% %o'n $n -7O No. 150<. T"e rece$(ts of t"e (ayment of t"e tax s"o* % a so be f$ e% '$t" an%

    recor%e% by t"e secretary of t"e cor(orat$on (*rs*ant to Sect$on 11 of -No. 09-08. + ot"er $ss*ances $ncons$stent "ere'$t" are "ereby re(ea e% or mo%$f$e% accor%$n# y. Revenue Regulation 0$-01 7 =ebr*ary 1>>5 SECTION 11. Effect of Non-Payment of Tax. No sa e! exc"an#e! transfer or s$m$ ar transact$on $nten%e% to con&ey o'ners"$( of! or t$t e to any s"are of stoc) s"a be re#$stere% $n t"e boo)s of t"e cor(orat$on *n ess t"e rece$(ts of (ayment of t"e tax "ere$n $m(ose% $s f$ e% '$t" an% recor%e% by t"e stoc) transfer a#ent or secretary of t"e cor(orat$on. It s"a be t"e %*ty of t"e aforesa$% (ersons to $nform t"e 2*rea* of Interna -e&en*e $n case of non(ayment of tax. +ny stoc) transfer a#ent or secretary of t"e cor(orat$on or t"e stoc)bro)er! '"o ca*se% t"e re#$strat$on of transfer of o'ners"$( or t$t e on any s"are of stoc) $n &$o at$on of t"e aforement$one% re6*$rements s"a be (*n$s"e% $n accor%ance '$t" t"e (ro&$s$ons *n%er T$t e 3! C"a(ters I an% II of t"e NI-C! (art$c* ar y Secs.

    Revenue Regulation 02-82

    2> 7arc" 1>82

    250! 251! 252! 25? an% 255 of t"e NI-C. SECTION 8. Effect of Non(ayment of Tax. No sa e! exc"an#e! transfer or s$m$ ar transact$on $nten%e% to con&ey o'ners"$( of! or t$t e to any s"are of stoc) s"a be re#$stere% $n t"e boo)s of t"e cor(orat$on *n ess t"e rece$(t of (ayment of t"e tax "ere$n $m(ose% $s f$ e% '$t" an% recor%e% by t"e stoc) transfer a#ent or secretary of t"e cor(orat$on. It s"a be %*ty of t"e aforesa$% (ersons to $nform t"e 2*rea* of Interna -e&en*e $n case of non-(ayment of tax. +ny stoc) transfer a#ent or secretary of t"e cor(orat$on '"o ca*se% t"e re#$strat$on $n &$o at$on of t"e aforement$one% re6*$rement s"a be (*n$s"e% by a f$ne of not more t"an P2!000.00 or by $m(r$sonment for not more t"an s$x mont"s! or bot".

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