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Capital Gains Tax Return Checklist

This document provides a checklist of documentary requirements for filing a Capital Gains Tax Return for the onerous transfer of non-publicly traded shares. It lists mandatory documents needed like the TIN and proof of acquisition cost of the seller and buyer. Additional documents that may be required include audited financial statements if the shares are not listed, price indexes if they are publicly traded, or certificates of exemption. The checklist must be submitted along with the tax return and signed to acknowledge any lacking documents that will be provided later.

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470 views2 pages

Capital Gains Tax Return Checklist

This document provides a checklist of documentary requirements for filing a Capital Gains Tax Return for the onerous transfer of non-publicly traded shares. It lists mandatory documents needed like the TIN and proof of acquisition cost of the seller and buyer. Additional documents that may be required include audited financial statements if the shares are not listed, price indexes if they are publicly traded, or certificates of exemption. The checklist must be submitted along with the tax return and signed to acknowledge any lacking documents that will be provided later.

Uploaded by

NarkSunder
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Annex B2

Capital Gains Tax Return


(For Onerous Transfer of Shares of Stock Not Traded Through the
Local Stock Exchange)

CHECKLIST OF DOCUMENTARY REQUIREMENTS


Important:
1. Processing of transactions commence only upon submission of COMPLETE DOCUMENTS.
2. Mark “ ” for submitted documents and “X” for lacking documents.

Mandatory

TIN of Seller/s and Buyer/s

Notarized Deed of Absolute Sale/Document of Transfer but only


photocopied documents shall be retained by BIR.
Photocopy of stock certificate

Proof of acquisition cost (i.e. Deed of Sale; FMV at the time of acquisition)

Official Receipt/Deposit Slip and duly validated return as proof of payment

Duly Notarized Special Power of Attorney (SPA) for the transacting party if
the latter is not one of the parties to the Deed of Transfer
Secretary’s Certificate or Board Resolution, approving the sale/transfer of
the shares of stocks and indicating the name and position of the
authorized signatory to the Deed of Sale/Assignment, if the
seller/transferor is a corporation

Additional Requirements, if applicable:

For claiming expenses of sale - Proof of claimed deductions such as official


receipt and/or invoices
For shares of stocks not listed/not traded - Latest Audited Financial
Statement of the issuing corporation with computation of the book value
per share
For shares of stocks listed/traded - Price index from the PSE/latest FMV
published in the newspaper at the time of transaction
For club shares - Price published in newspapers on the transaction date or
nearest to the transaction date
Special Power of Attorney (SPA), if the person transacting/processing the
transfer is not a party to the transaction
Certificate of Exemption/BIR Ruling issued by the Commissioner of Internal
Revenue or his authorized representative, if tax exempt
Such other documents as may be required by law/rulings/regulations/etc.

Submitted by: ____________________________ Date: ____________


Name of Taxpayer

Received by: ____________________________ Date: ____________

Acknowledgement of applicant:
I _________________________ , of legal age, hereby acknowledge the
identified lacking documentary requirement/s (marked with “X”)
which I commit to submit within five (5) working days. I understand
that my application will only be processed upon submission of
complete document/s.
____________________________________ Date: ____________
Name of Taxpayer/Representative
(Signature over printed name)

NOTE: The BIR shall dispose all pending applications with incomplete
requirements after thirty (30) calendar days from receipt of application.

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