On August 15, 2020 Kakashi sold stocks directly to buyer. As a result of the transaction, Kakashi paid to the BIR 27,250 representing the total taxes on the transaction. The stocks are not traded in the PSE and is the subsequent sale or transfer of the stocks. The stocks costs Kakashi 200,000 and has a par value of 100,000. Assuming that the sale is not directly to the buyer but through the PSE and Kakashi is not a dealer of securities, how much is the tax due of Kakashi on the transaction

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Ans Based on the information provided it seems that Kakashi sold stocks directly to a buyer resultin... View the full answer