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Post by account_disabled on Dec 7, 2023 1:17:25 GMT -3
Tax exemption on civil law transactions In the field of civil law transaction tax, the tax exemptions provided for in Article . Dotted letters civil law transaction tax law. In accordance with the above provisions, in the case of an agreement between immediate family members, loans in the form of money are exempt from civil transaction tax, provided that: a civil transaction tax return is submitted to the tax authorities. Submission to the competent tax authorities within a few days from the date of the transaction, except in the case of an agreement signed in a notarized form; recording of the loan by transfer to its payment account or savings and credit union or by philippines photo editor proof of transfer by postal money order The person receives the payment. Tax relief on civil law transactions is available to a person who obtains a loan from his relatives, including. wife, husband, descendants such as daughter, son, granddaughter, grandson, elders such as mother, father, grandmother, grandfather, sister or brother, provided that The loan amount is,. Starting in October. IMPORTANT INFORMATION Loan amounts received from family members can be up to , . Civil law transactions are tax-free and do not require any additional conditions, including reporting to the tax office.
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