Update in Fair Market Value of Unlisted Shares.
Posted by Michael Aguirre on February 18th, 2022
Revenue Regulations (RR) No. 20-2020 amends the way the fair market value (FMV) of unlisted shares are computed for purposes of sale, barter, exchange, or other dispositions.
FMV shall now be based on the book value of a Company’s latest Audited Financial Statements.
Prior to this issuance, FMV was based on the adjusted values of assets and liabilities.
Check out a copy of the RR here:
Blog Category
Related Post
- Foreign Currency Transactions Treatment for Financial Reporting and Tax Reporting Purposes
- 2023 YEAR END and 2024 1st QUARTER Reportorial Requirements
- Charting the New Frontier: How the 43rd ASEAN Summit Paves the Way for an Unprecedented Era of Trade and Innovation in Southeast Asia.
- Nine-dash line: An insight into the “Barbie” movie controversy, compliance, and taxation in the Philippines
- CRYPTO TAXES DECODED: UNDERSTANDING YOUR DIGITAL DUTIES