Practice question
Section 42(E) treats gains from selling shares of a domestic corporation as sourced where?
- Where the share certificate was printed
- Where the broker was born
- Within the Philippines regardless of where the shares are sold
- Only where payment is deposited
- Outside the Philippines whenever the buyer is foreign
Legal references
- NIRC, Section 42(A), (C) and (E); https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA 12214, Section 12 (amending Section 42(A)(1)); https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
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