Exchange pse is previously taxed 5 10 this is now

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Exchange (PSE) is previously taxed 5-10%. This is now increased to 15% under the tax reform. Meanwhile, sale of stocks that are traded in the PSE will be taxed 0.6% of the gross trade amount, up from the previous rate of 0.5%. 7. Documentary Stamps (Doc Stamps) Tax The documentary stamp tax (DST) has been doubled, with the new doc stamps tax ranging from P1.50 to P3.00 under the tax reform. 8. Donor’s Tax The donor’s tax was revised to a flat rate of 6% regardless of the relationship between the donor and the donee. Previously, the donor’s tax was 2% to 15% if the donor and donee are related, and 30% if the donation was to a stranger. Donations or gifts below P250,000 are tax-exempt. Donations with value of at least P250,000 are taxed using the new rate of 6% on the amount in excess of P250,000. 9. Estate Tax Under TRAIN, the estate tax is now a flat 6% rate on the amount in excess of P5 million. Estates with a net value of P5 million and below will be tax-exempt. Family homes that are valued at no more than P10 million will also be exempted. Under current tax laws, only family homes worth P1 million are tax- exempt. 10. Cosmetic Surgery Tax Starting 2018, all cosmetic surgeries, aesthetic procedures, and body enhancements intended to improve, alter, or enhance a person’s appearance is now subject to a tax of 5%.
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