Mergers, tax exemptions - Daily Tribune
In ruling that the parties were not liable for Donor’s Tax, the BIR pointed out that in mergers, there is no intention to donate since it is undertaken purely for business purposes
Source: tribune.net.ph
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In ruling that the parties were not liable for Donor’s Tax, the BIR pointed out that in mergers, there is no intention to donate since it is undertaken purely for business purposes