The Philippines Department of Finance has announced the issuance of Revenue Regulations (RR) No. 20-2020, which clarifies the fair market value definition for the transfer of shares of stocks not listed and traded in the local stock exchange.
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DOF clarifies fair market value definition for shares of stocks
The Department of Finance has issued Revenue Regulations (RR) No. 20-2020, clarifying fair market value (FMV) definition for transfer of shares of stocks not listed and traded in th…