Guidelines in Determining Whether a Capital Asset or Ordinary Asset

RR No. 7-2003

Provides guidelines in determining whether a particular real property is a capital asset or an ordinary asset for purposes of imposing Capital Gains Tax, or the ordinary Income Tax, or the Minimum Corporate Income Tax (MCIT) (published in Manila Bulltein on Feb. 13, 2003)Digest | Full Text

February 11, 2003

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RR 7-03 Guidelines in Determining Capital Asset or Ordinary Asset

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