What is the applicable stock dividend tax?

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2024-05-23 14:39:02

Stock dividends distributed pro rata among stockholders of the same class are not subject to Philippine income tax but shall be subject to a documentary stamp tax on the original issue of the share at the rate of P2.00 for every P200.00 or a fraction thereof based on the par value of the share, which is paid for by the corporation declaring the stock dividend.