Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 129

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 129
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 corporate income tax rates. Branch Profits Profits of a Philippine branch which are remitted to the head office are subject to a fifteen percent (15%) tax rate, which is imposed on the total amount of profits earmarked for remittance without any deduction for the tax component thereof. The branch profits remittance tax is withheld by the Philippine branch and paid to the Bureau of Internal Revenue (BIR). Sale, Exchange, or Disposition of Shares Under Philippines law, shares can be classified either as: (a) listed shares — shares which are traded through the facilities of the Philippine Stock Exchange (PSE); or (b) unlisted shares — shares which are traded outside of the facilities of the PSE. For listed shares, the Tax Code of the Philippines imposes a stock transaction tax on every sale, exchange, or disposition of shares of a listed company at the rate of 6/10 of 1% of the gross selling price or the gross value in money of the subject shares of stock. For shares of a company which are not traded in the PSE, an individual taxpayer or a domestic corporation will be subject to a capital gains tax of fifteen percent (15%) on the net capital gain. For foreign corporations, the capital gains tax rate imposed is five percent (5%) for the first PhP 100,000.00 of the net capital gain, and ten percent (10%) on the amount in excess of PhP 100,000.00. Sale, Exchange, or Disposition of Real Property A real property may be classified as a capital asset (i.e., the real property is not used for trade or business) or an ordinary asset (i.e., if the real property is held by a taxpayer primarily for sale to his/her customers, or is used in trade or business). A sale of a real property classified as a capital asset is subject to a final income tax of six percent (6%) based on the gross selling price, or its fair market value, whichever is higher. On the other hand, a sale of real property classified as an ordinary asset is treated as a regular business transaction and the income is subject to the regular income tax rate applicable to the taxpayer. 89 Value-Added Tax Value -addedtax (VAT) is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the Philippines. Any person or entity who, in the course of his trade or business, sells,