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Use the following information for the next three (3) questions: Sour Corporation, a domestic corporation primarily engaged in the sale of strawberry ice cream, issued
Use the following information for the next three (3) questions: Sour Corporation, a domestic corporation primarily engaged in the sale of strawberry ice cream, issued 12,000 shares to Olivia, a non-resident citizen. The shares have a par value of P20 and were issued to Olivia by fully paying the market values of P23 per share. At a time when the market value is P33, Olivia sold half of their shareholdings directly to Sabrina, a resident citizen. Based on the information above, answer the following: 1. How much is the documentary stamp tax due on the issuance of shares by Sour Corporation to Olivia? 2. How much is the capital gains tax due on the sale of Olivia to Sabrina? 3. How much is the documentary stamp tax due on the sale of Olivia to Sabrina
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